Three Monsanto executives accused of massive financial fraud, barred from accounting for LIFE
by: Sarah Landers
NaturalNews.com
Thursday, March 10, 2016
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.
Who is Monsanto?
If you haven’t heard of Monsanto, this company is one of the biggest agribusinesses in the world and produces many different agricultural products, including the weedkiller Roundup, which is widely used across the U.S. and the world. Over recent years, Roundup has gained a lot of negative press due to its widespread usage and documented adverse health effects. Glyphosate is actually a lot like nerve gas and has been associated with damaging health, including causing cancer and kidney failure and disrupting the reproductive and endocrine systems.
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