Corruption

Three Monsanto executives accused of massive financial fraud, barred from accounting for LIFE

Monsanto is not renowned for its moral standing – but this latest controversy makes you wonder, "just how low can the company go?" Earlier this month it was announced that the Monsanto Co., an enormous agribusiness based in St. Louis, has yet again been up to no good. Monsanto is required to pay $80 million to settle claims that it has been improperly accounting for various expenses tied to customer rebates for a well-known product, Roundup.

According to Bloomberg Business, the Securities and Exchange Commission found that Monsanto was booking revenue from a product discount program without properly recognizing all of its costs. Three company executives have also agreed to pay penalties to settle the charges against them.