Mezvinsky, moving money at a frenetic pace, deposited .28 million in his numerous accounts from 1995 to early 2000, most of it from investors and clients, according to investigators, who reviewed more than 8,000 transactions.
Whitacre was, at one point, the US Government's star witness against ADM in a price fixing case.
But as the Government got to know Whitacre better and learned more about the case it started to unravel, although at least one ADM executive went to jail.
Perpetrators opened bank accounts at all the banks in South Africa and used them to receive money from online dating users.
We found them with computers, and on those computers there are hundreds of profiles that they use on online dating.
Once Whitacre discovered how easy it was to take money from ADM, he continued.
The extortion report was a rather lame attempt to get more money from ADM.
Not surprisingly ADM reported these threats to the FBI, who, also not surprisingly, interviewed Whitacre.
The extortion story was implausable and as it started to unravel, Whitacre told the FBI about price fixing at ADM in an attempt to focus their attention on other matters (and save himself, he thought, from closer scrutiny).
According to this article, it is not just Whitacre who fell for this scam.