FOR IMMEDIATE RELEASE CRMWEDNESDAY, NOVEMBER 5, 1997 (202) 514-2008 TDD (202) 514-1888
WASHINGTON, D.C. -- The Department of Justice announced that Sidney D. Hulse, a former vice president of the BioProducts Division of Archer Daniels Midland (ADM), was indicted by a federal grand jury on charges of conspiracy involving schemes to defraud ADM of nearly one million dollars.
The 12-count indictment, returned in U.S. District Court in Springfield, Illinois, charges Hulse with conspiracy, wire fraud and money laundering. Hulse was indicted yesterday in Atlanta, Georgia, for filing false income tax returns for the years 1992 and 1993.
Hulse, 42, of Marietta, Georgia, is charged in a conspiracy with Mark E. Whitacre, the former president of ADM's BioProducts Division. ADM is headquartered in Decatur, Illinois.
"These indictments represent the last charges to be filed in the Mark Whitacre phase of the fraud investigation," said Mary C. Spearing, chief of the Criminal Division's Fraud Section.
Whitacre, of Chapel Hill, North Carolina, pled guilty in U.S. District Court in Urbana, Illinois, on October 10 to charges of wire fraud, money laundering, conspiracy to defraud the IRS, filing false income tax returns, and interstate transportation of stolen property.
This case is being prosecuted by the Fraud Section of the Criminal Division in Washington and was investigated by FBI Special Agent Anthony D'Angelo, of Chicago, and IRS Special Agents Michael Bandy and Sue Roderick of the Criminal Investigation Division in Springfield, Illinois.
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