Nigerian male dating scammers arrests
Once Whitacre discovered how easy it was to take money from ADM, he continued.
During the same period, he spent .3 million, with 44 percent of the money going to creditors, 20 percent to Africans, and 17 percent for cash withdrawals, they said.
As the price fixing case unfolded it became clear that Whitacre was embezzling money from ADM.
He apparently started taking money from ADM when he lost money in a Nigerian Bank Scam.
According to this article, it is not just Whitacre who fell for this scam.
In fact, the US Treasury Department now has a web page devoted to this scam.