Prosecutors Seeking Stiff
Penalty For ADM Vice Honcho
CHICAGO (AP) Federal prosecutors say
former Archer Daniels Midland Co. vice president Michael
Andreas remains unrepentant despite his conviction on
price-fixing charges and should get the maximum sentence.
Andreas shows ``appalling arrogance and an obstinate
refusal to accept the jury's verdict,'' the prosecutors
say in court papers. They want U.S. District Judge
Blanche Manning to sentence him to the maximum 36 months.
They also want her to fine him $25 million for his
part in a scheme to fix the global price of lysine, a
livestock feed additive.
Andreas, son of politically connected ADM Chairman
Emeritus Dwayne Andreas, was convicted along with
Terrance Wilson, former head of ADM's corn division, and
imprisoned ADM biochemist Mark Whitacre. All three are to
be sentenced Feb. 26.
Whitacre, once extolled as a possible successor to
Dwayne Andreas, launched the federal investigation of ADM
by claiming that Japanese rivals were sabotaging the
Decatur-based agribusiness giant's lysine operation.
He asked for millions of dollars to pay off the
saboteurs. Instead, the FBI arrived to investigate. He
told the agents that Andreas and Wilson were joining with
Asian competitors in rigging the global lysine market.
He wore a hidden microphone as an undercover mole for
the FBI within ADM as agents set out to build their
price-fixing case. But he later fell out with the
government and ended up convicted of price-fixing
himself.
He also pleaded guilty to swindling ADM out of $10
million in expense money and was sent to federal prison
for nine years.
The defendants denied taking part in any plan to fix
prices.
Prosecutors in court papers described Andreas as ``the
leader of ADM's ruthless campaign to make its competitors
its friends and treat its customers as enemies.'' They
said Andreas shows a ``disdain for the law.''
Defense attorneys, led by Washington-based John Bray,
claim in their own court papers that, far from fixing
prices, ADM defended consumers by confronting ``a
dangerous and predatory Asian cartel.''
Andreas, the defense says, ``was not reacting out of
greed but was in fact acting in economic self defense''
and that his actions were ``at worst an errant attempt to
abide by the law in one of the law's grayest areas.''
They say that deserves less than a maximum sentence.
Prosecutors also want a maximum three year sentence
and heavy fine for Wilson, documents show. But Wilson's
attorney, Reid Weingarten, is asking for home detention
and a fine of $350,000 or less, saying his client is in
ill health and has a troubled family life.
Whitacre is seeking a sentence concurrent with the
time he is serving in the embezzlement case, said defense
attorney Bill T. Walker. He said that Whitacre has no
assets with which to pay a fine.
|