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The Informant: A True Story
by Kurt Eichenwald

Published: 2001-07-03
Paperback : 656 pages
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From an award-winning New York Times investigative reporter comes a gripping account of one of the most captivating and bizarre tales in the history of the FBI and corporate America.

It was one of the FBI's biggest secrets: Mark Whitacre, a senior executive at Archer Daniels ...
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Introduction

From an award-winning New York Times investigative reporter comes a gripping account of one of the most captivating and bizarre tales in the history of the FBI and corporate America.

It was one of the FBI's biggest secrets: Mark Whitacre, a senior executive at Archer Daniels Midland--America's most politically powerful corporation--became a confidential government witness. Putting his career and family at risk, Whitacre, along with a small team of agents, tapped into secrets at ADM that led the FBI to discover the company's scheme to steal millions of dollars from its own customers.

But as the FBI and federal prosecutors closed in on ADM, they suddenly found that everything was not all that it appeared. While Whitacre was cooperating with the Feds and playing the role of loyal company man, he also had his own agenda. Whitacre became sucked into his own world of James Bond antics, imperiling the criminal case and creating a web of deceit that left the FBI and prosecutors uncertain where the lies stopped and the truth began.

Meticulously researched and richly told, The Informant re-creates the drama of the story, beginning with the secret recordings, stakeouts, and interviews with suspects and witnesses to the power struggles within ADM and its board--including the high-profile chairman Dwayne Andreas, F. Ross Johnson, and Brian Mulroney--to the big-gun Washington lawyers hired by ADM, and on up through the ranks of the Justice Department to FBI Director Louis Freeh and Attorney General Janet Reno.

A page-turning real-life thriller that features deadpan FBI agents, crooked executives, idealistic lawyers, and shady witnesses with an addiction to intrigue, The Informant tells an important and compelling story of power and betrayal in America

Editorial Review

"The FBI was ready to take down America's most politically powerful corporation. But there was one thing they didn't count on."

So reads the cover of this high-powered true crime story, an accurate teaser to a bizarre financial scandal with more plot twists than a John Grisham novel. In 1992 the FBI stumbled upon Mark Whitacre, a top executive at the Archer Daniels Midland corporation who was willing to act as a government witness to a vast international price-fixing conspiracy. ADM, which advertises itself as "The Supermarket to the World," processes grains and other farm staples into oils, flours, and fibers for products that fill America's shelves, from Jell-O pudding to StarKist tuna. The company's chairman and chief executive, Dwayne Andreas, was so influential that he introduced Ronald Reagan to Mikhail Gorbachev, and it was his maneuvering that ensured that high fructose corn syrup would replace sugar in most foods (ever wondered why Coke and Pepsi don't taste quite like they used to?). There were two mottoes at ADM: "The competitors are our friends, and the customers are our enemies" and "We know when we're lying." And lie they did. With the help of Whitacre, the FBI made hundreds of tapes and videos of ADM executives making price-fixing deals with their corrivals from Japan, Korea, and Canada, all while drinking coffee and laughing about their crimes. The tapes should have cinched the case, but there was one problem: Their star witness was manipulative, deceitful, and unstable. Nothing was as it seemed, and the investigation into one of the most astounding white-collar crime cases in history had only just begun.

Kurt Eichenwald, an investigative reporter, covered the story for The New York Times and interviewed more than 100 participants in the case. He methodically records the six-year investigation, leaving no plot twist or tape transcript unexplored. While his primary focus is on deconstructing the disturbed Whitacre and revealing the malleability of truth, the portrait of ADM (and even the Justice Department) is damning enough to make anyone a cynic. --Lesley Reed

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