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Ex-executive pleads guilty in $9 million swindling case

The former Archer Daniels Midland Co. executive who secretly recorded conversations that snared the company in a global price-fixing case pleaded guilty Friday to swindling ADM out of $9 million.

Mark Whitacre pleaded guilty to 37 counts, including wire fraud, conspiracy, money laundering, interstate transportation of stolen property and filing a false income-tax return.Sentencing was set for Jan. 13. Prosecutors said they wanted Whitacre to serve at least 6 1/2 years in prison.