Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Former Monsanto Exec to Get $22.5M as Whistleblower

The Securities and Exchange Commission did not release the whistleblower´s name

The payout will come from an $80 million settlement made with the company in February, photo: Wikipedia
1 year ago

ST. LOUIS — A former Monsanto executive who tipped off regulators about the agribusiness giant’s accounting practices involving rebates for its Roundup weed-killer will get nearly $22.5 million as a whistleblower.

The Securities and Exchange Commission announced Tuesday the payout comes out of the $80 million penalty the St. Louis-based company agreed to pay under a February settlement with the agency.

That agreement resolved allegations that Monsanto Co. misstated its earnings by improperly disclosing the costs of a rebate program for Roundup. That had the effect of distorting Monsanto’s earnings reports for 2009, 2010 and 2011.

The whistleblower’s name wasn’t released. That person’s attorney only identified his client as a former Monsanto financial executive.

Tuesday’s award is the second-biggest the SEC has given a whistleblower since a $30 million payout in 2014.

Comments Whatsapp Twitter Facebook Share
More From The News
Business

Female workers sue McCormick & Schmick's ...

2 days ago
Entertainment

Trump says female senator 'would do anyt ...

2 days ago
Science

Paris hosts major climate summit _ and i ...

2 days ago
Living

Late-night host Kimmel holds son, pleads ...

2 days ago
Most Popular

French PM says Disputed Labour Bill Open ...

By The Associated Press
Business

New Delivery App Rappi Says It's Not Sel ...

By Caitlin Donohue
Business

Global Stocks Mixed as Investors await T ...

By The Associated Press
Business

General Electric CEO Immelt Stepping Dow ...

By The Associated Press
Business

Digital Movies Retailers: Vudu or Itunes ...

By The News
Business