The Informant: A True Story: Part 1

Nov 14, 2000

C-SPAN

Kurt Eichenwald talked about his book The Informant: A True Story, published by Broadway Books. The book is about a six-year FBI investigation of an international price-fixing conspiracy by Archer Daniels Midland that focuses on the key informant, Mark Whitacre. Mr. Eichenwald talked about the complications to this mid-1990s scandal when .. Read More
Kurt Eichenwald talked about his book The Informant: A True Story, published by Broadway Books. The book is about a six-year FBI investigation of an international price-fixing conspiracy by Archer Daniels Midland that focuses on the key informant, Mark Whitacre. Mr. Eichenwald talked about the complications to this mid-1990s scandal when the government discovered that its source, a senior executive at the firm, was involved in his own illegal activity. This is the first part in a two-part program.

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TRANSCRIPT

TIME SPEAKER TEXT
00:05:08 Unidentified Speaker WHERE WERE YOU BASED?
00:05:09 Unidentified Speaker I WAS BASED IN NEW YORK. I WAS BASED IN NEW YORK. AND IT WAS WHEN I GOT BACK I PICKED UP THE STORY....
00:05:15 Unidentified Speaker WHAT YEAR WAS THIS? IS
00:05:17 Unidentified Speaker 1995, AUGUST OF 1995. AND I ULTIMATELY MET WITH MARK WHITAKER, WHO IS THE INFORMAPT OF THE BOOK TITLE....
00:05:39 Unidentified Speaker WHERE IS MARK WHITAKER NOW?
00:05:41 Unidentified Speaker HE'S IN A FEDERAL PRISON CAMP IN SOUTH CAROLINA.
00:05:44 Unidentified Speaker WHEN DID HE GO INTO PRISON?
00:05:46 Unidentified Speaker HE WENT INTO PRISON IN 1998. HE IS EXPECTED TO COME OUT IN, OR AT LEAST UNDER HIS SENTENCE, HE WILL...
00:06:17 Unidentified Speaker WHO'S DUANE ANDREAS?
00:06:19 Unidentified Speaker HE'S A GIANT ON THE POLITICAL AND INTERNATIONAL LANDSCAPE. HE IS A FELLOW WHO MOST AMERICANS PROBABLY...
00:07:42 Unidentified Speaker THERE'S AN ALLUSION IN YOUR BOOK TO BOB DOLE AND BOB STRAUSE AND DUANE ANDREAS AND DAVID BRINKLEY,...
00:07:53 Unidentified Speaker THE SEAVIEW HOTEL, WHICH IS OWNED BY DUANE ANDREAS. HE GAINED CONTROL OF IT MANY YEARS AGO AND BECAME...
00:08:25 Unidentified Speaker AND DAVID BRINKLEY DOES THOSE ADDS FOR A.D.M. THAT ARE SEEN ON THE MORNING SHOWS ON SUNDAY MORNING....
00:08:38 Unidentified Speaker WELL, A.D.M. IF ANYBODY IS HEARD OF THEM OUTSIDE OF WASHINGTON IT'S WATCHING THE PROGRAMS MOST VIEWED...
00:09:18 Unidentified Speaker WHERE'S ANDREAS NOW?
00:09:23 Unidentified Speaker HE RETIRED AND HE'S HE WAS REELECTED TO THE BOARD OF DIRECTORS. PLAYS A ROLE IN THE OPERATIONS OF...
00:09:27 Unidentified Speaker HOW OLD IS HE?
00:09:29 Unidentified Speaker HE'S IN HIS 80'S. HE IS A MAN WHO IS WINDING DOWN SIGNIFICANTLY.
00:09:39 Unidentified Speaker MICK ANDREAS?
00:09:40 Unidentified Speaker THE SON. MICK ANDREAS WAS BORN TO POWER. HIS GODFATHER WAS HUBERT HUMPHREY, ALSO A VERY GOOD FRIEND...
00:10:51 Unidentified Speaker YOU SAY THERE'S A BIG STATUE OF RONALD REAGAN AT THE PLANT OUTSIDE OF DECAY TOUR. HOW DID THAT GET...
00:11:00 Unidentified Speaker REAGAN GAME TO VISIT DECATUR IN 1984. AND DUANE ANDREAS THOUGHT IT WOULD BE A POND WOPPEDERFUL IDEA...
00:11:49 Unidentified Speaker YOU MENTIONED SEAVIEW FLORIDA AND DECATUR, BUT THERE'S ALSO MENTION OF A MANHATTAN APARTMENT.
00:11:54 Unidentified Speaker YES. I MEAN, DUANE IS NOT -- YOU KNOW, HE LIVES IN DECATUR, ILLINOIS, BUT HE'S NOT A HICK. I MEAN,...
00:12:29 Unidentified Speaker HOW LONG HAS HE BEEN WITH A.D.M.?
00:12:32 Unidentified Speaker HE JOINED A.D.M. -- HE WAS BROUGHT INTO A.D.M. IN THE LATE 1960'S WHEN THE COMPANY WAS REALLY STARTING...
00:13:34 Unidentified Speaker WHAT DOES A.D.M. DO? 4
00:13:36 Unidentified Speaker A.D.M. IS A COMPANY THAT ALL OW LONG HAVE YOU BEEN BEEN
00:18:39 Unidentified Speaker FOR 16 YEARS.
00:18:42 Unidentified Speaker WHAT GOT YOU INTERESTED IN WRITING?
00:18:43 Unidentified Speaker IT'S INTERESTING. WHAT GOT ME INTERESTED IN WRITING WAS -- IT WILL SOUND CLICHE, -- WRITING FOR THE...
00:20:04 Unidentified Speaker BOB STRAUSS, HOW DIZZ HE RELATE TO THE A.D.M. CORPORATION?
00:20:08 Unidentified Speaker WELL, BOB STRAUSS, STARTING IN ABOUT THE LATE 1960'S, WHEN HE AND ANDREAS WENT TO THE SAME FUNDRAISER...
00:22:38 Unidentified Speaker TERRY WILSON AND MICK ANDREAS ARE IN PRISON WHERE?
00:22:42 Unidentified Speaker THEY'RE BOTH IN MINIMUM SECURITY PRISONS, WHICH FOR THE LIFE OF ME I'VE FORGOTTEN THE NAME OF. BUT...
00:22:54 Unidentified Speaker I REMEMBER READING A STORY ABOUT WHEN THEY WERE RESENTENCED BY A JUDGE BECAUSE THEY DIDN'T GET ENOUGH...
00:23:07 Unidentified Speaker I HAVE TO BE CAREFUL HOW I ANSWER THOSE QUESTIONS. I HAVE CERTAINLY MET THEM IN THE CONTEXT OF THE...
00:23:17 Unidentified Speaker WHY DO YOU HAVE TO BE CARE SNOOFL
00:23:18 Unidentified Speaker WELL, ONE OF THE THINGS ABOUT BEING AN INVESTIGATIVE REPORTER IS YOU MAKE A LOT OF PROMISES. PROMISES...
00:25:00 Unidentified Speaker YOU SAY IN HERE THAT YOU HAD 100 INTERVIEWS AND 800 HOURS OF INTERVIEWS. MICK ANDREAS WAS GOING TO...
00:25:15 Unidentified Speaker ON HIS PERSONAL LIFE?
00:25:17 Unidentified Speaker THE FACT THAT HE'S IN PRISON. WHAT WAS HIS REACTION TO GETTING CAUGHT AND GETTING INDICTED AND GETTING...
00:25:22 Unidentified Speaker WELL, IT WAS INTERESTING. GETTING CAUGHT FOR -- ONCE YOU VIEW THE TAPE, ONCE YOU SEE WHAT MICK DID,...
00:26:44 Unidentified Speaker HOW MUCH MONEY IS HE LEFT WITH?
00:26:45 Unidentified Speaker QUITE A BIT. TENS OF MILLIONS OF DOLLARS.
00:26:49 Unidentified Speaker HOW ABOUT TERRY WILSON?
00:26:53 Unidentified Speaker TERRY WILSON -- TERRY WILSON ULTIMATELY IS THE MAN WHO WENT DOWN IN FLAME FOR THE ANDREAS FAMILY. ...
00:27:54 Unidentified Speaker ANY IDEA THAT DUANE KNEW WHAT HIS SON WAS DOING?
00:28:00 Unidentified Speaker THE GOVERNMENT CHOSE NOT TO BRING CHARGES, AND THERE CERTAINLY WAS NOT ENOUGH EVIDENCE TO SUPPORT...
00:34:32 Unidentified Speaker HOWARD BUFFET THROUGHOUT YOUR OWN BOOK SOUNDS UNHAPPY. IS HE STILL THERE?
00:34:35 Unidentified Speaker HOWARD BUFFET RESIGNED, BASICALLY WITHIN DAYS OF THE SECOND F.B.I. INTERVIEW. HE WAS UNCOMFORTABLE...
00:36:01 Unidentified Speaker HOW BIG IS A DEAL IS THIS? I MEAN, PUT IT INTO PERSPECTIVE FOR PEOPLE WHO MAY HAVE NOT PAID ANY ATTENTION...
00:36:12 Unidentified Speaker $100 MILLION. BUT YOU HAVE TO BEAR IN MIND, THAT IS A DEAL. IT WAS A DEAL BECAUSE A.D.M. OFFERED...
00:38:46 Unidentified Speaker A COUPLE OF OTHER SMALL THINGS -- NOT SMALL THINGS FOR THE PEOPLE, BUT JUST TO CONNECT THE DOTS HERE....
00:39:00 Unidentified Speaker SHE WAS THE HEAD OF THE ANTITRUST DIVISION THROUGHOUT MOST OF THESE EVENTS. SHE WAS THE PERSON WHO...
00:41:09 Unidentified Speaker YOU ALSO TALK LITTLE BIT ABOUT ALAN ANDREAS. AND WHO IS HE? WHAT ROLE DID HE PLAY?
00:41:18 Unidentified Speaker ALAN ANDREAS, TO ME PLAYS A FASCINATING ROLE. I'M SOMEONE WHO LOVES IRONY AND CIRCLES. AND AT THE...
00:42:22 Unidentified Speaker WAIT A MINUTE. DUANE ANDREAS IS THE CHAIRMAN.
00:42:25 Unidentified Speaker DUANE IS THE CHAIRMAN.
00:42:27 Unidentified Speaker THE OLDER OF ALL THE ANDREASES, HIS SON MICK IS THE VICE CHAIRMAN. AND ALAN IS WHAT RELATIONSHIP?
00:42:35 Unidentified Speaker ALAN IS DUANE'S NEPHEW, MICK'S COUSIN?
00:42:39 Unidentified Speaker THROUGH DUANE ANDREAS' SISTER OR BROTHER?
00:42:41 Unidentified Speaker I ACTUALLY DON'T REMEMBER. I THINK IT'S A BROTHER.
00:42:47 Unidentified Speaker OK.
00:42:50 Unidentified Speaker AND ALAN HAS SOMETHING ELSE THAT MAKES HIM BENEFICIAL. HE HAS SOME PARTICULARLY CLOSE CONTACTS WITH...
00:43:29 Unidentified Speaker MADE IT UP?
00:43:30 Unidentified Speaker YEAH. THE PUNCH LINE IS THAT THE WHOLE STORY OF THE JAPANESE EXECUTIVE IS FICTION.
00:43:36 Unidentified Speaker HE DIDN'T EXIST? THERE WAS A FRAUD. I'M SORRY, THERE'S ALLEGATIONS OF FRAUD. NOTHING WAS EVER CHARGED....
00:49:33 Unidentified Speaker BUT YOU POINT OUT THAT RIGHT BEFORE THE RAID, WHEN THE F.B.I. WAS GOING TO RAID THE COMPANY, AND I...
00:49:39 Unidentified Speaker IT'S A LOT WE'VE NOT TALKED ABOUT HERE, BUT RIGHT BEFORE THE RAID, DUANE ANDREAS IS ABOUT TO BE NAMED...
00:49:48 Unidentified Speaker IT'S ONE OF THOSE ELEMENTS -- THERE WERE TIMES IN THIS STORY -- YOU KNOW, I TRIED TO CONVEY AT THE...
00:50:00 Unidentified Speaker AT "THE NEW YORK TIMES" "THE NEW YORK TIMES." HOW BIZARRE THE STORY WAS. BUT ULTIMATELY, NEWSPAPERS...
00:50:38 Unidentified Speaker AND THE CHAIRMAN OF CHEVRON WAS ABOUT TO BE CHAIRMAN OF THE ACADEMY?
00:50:42 Unidentified Speaker I THINK HE ACTUALLY DID. ICE AN ORGANIZATION THAT HE WAS AFFILIATED WITH. I THINK HE ACTUALLY WAS...
00:50:58 Unidentified Speaker SHOULD COMPANYS BE THAT CLOSE TO THE F.B.I.? HAVE THAT KIND OF RELATIONSHIP?
00:51:01 Unidentified Speaker WELL, IN TRUTH, LAW ENFORCEMENT CAN'T BE A GAME WHERE, YOU KNOW, THEY SET THEMSELVES UP IN A SHELL...
00:51:48 Unidentified Speaker PAGE 135 OF A 600-PAGE BOOK THAT SELLS FOR $26, THE MEN CHANGE SUBJECTS. DISCUSSING REQUESTS FROM...
00:51:58 Unidentified Speaker YES.
00:52:02 Unidentified Speaker HE WAS JUST TITLE AN ASSISTANT TO --
00:52:05 Unidentified Speaker HIS TITLE DID NOT REFLECT HIS ROLE.
00:52:07 Unidentified Speaker DID HAVE IT ANYTHING TO DO WITH HIS FATHER WARREN?
00:52:09 Unidentified Speaker THE FACT THAT HE WAS ON THE BOARD?
00:52:12 Unidentified Speaker THAT HE WAS THERE AS THE ASSISTANT?
00:52:13 Unidentified Speaker THAT CERTAINLY HAS BEEN SAID TO ME.
00:52:16 Unidentified Speaker ANYWAY, SON OF WARREN BUFFET, THE FAMED OMAHA INVESTOR, HOWARD OFTEN HEARD FROM POLITICIANS. THIS...
00:52:48 Unidentified Speaker OH, THE CAMPAIGN FINANCE ISSUE IS CENTRAL TO UNDERSTANDING A.D.M. I MEAN, YOU KNOW, IF YOU LOOK AT...
00:53:21 Unidentified Speaker BURGLAR.
00:53:22 Unidentified Speaker RIGHT. AND THEY ULTIMATELY -- WHAT ISN'T AS WELL KNOWN WHO WROTE THE CHECK, AND THE CHECK ITSELF ...
00:53:52 Unidentified Speaker ANDREAS SHRUGGED, YOU CAN GO OVER THE LIMIT, JUST A SMALL FINE. THIS IS A QUOTE FROM HERE. PUT THAT...
00:54:00 Unidentified Speaker WELL, TWO THINGS TO SAY ABOUT THIS. NUMBER ONE, THESE ARE NOT MY WORDS. THESE ARE NOT PEOPLE'S RECOLLECTIONS....
00:54:19 Unidentified Speaker IT WAS.
00:54:22 Unidentified Speaker THAT THEY HAD ALREADY GIVEN TO THEIR LIMIT, YOU KNOW, TO TOMMY THOMPSON. THEY COULDN'T GIVE HIM ANY...
00:54:44 Unidentified Speaker BUT AGAIN GOING BACK TO WHERE WE STARTED IN ALL THIS, ALL THESE CONNECTIONS. THEY HAVE AIRPLANES....
00:54:57 Unidentified Speaker I DON'T KNOW OF A CIRCUMSTANCE WHERE THEY DISMED IT DOESN'T MEAN IT DIDN'T HAPPEN, BUT I DON'T KNOW...
00:55:04 Unidentified Speaker AND THE RELATIONSHIP TO ETHANOL AND BOB DOLE. WHAT DID YOU FIND THERE? AND HOW MUCH FEDERAL MONEY...
00:55:10 Unidentified Speaker OH, BILLIONS. I MEAN, A.D.M., EVERY TIME THEY TALK ABOUT RECIPIENTS OF CORPORATE WELFARE, A.D.M. IS...
00:56:05 Unidentified Speaker AS YOU KNOW, MILLIONS OF DOLLARS ARE SPENT BY -- ARE SPENT BY A.D.M. TO TELEVISION STATIONS TO FUND...
00:56:27 Unidentified Speaker NOT IN THE BOOK. THERE WERE CERTAINLY INSTANCES WHERE -- I'M GOING TO BE VERY OWE BLEAK HERE, -- OBSERVE...
00:56:49 Unidentified Speaker WHY WERE THEY DISCOMFORTED?
00:56:55 Unidentified Speaker BECAUSE THEY HAD RELATIONSHIPS, OR, OR CLOSE TIES ON SOME LEVELS WITH A.D.M. I MEAN, YOU KNOW, IT'S...

NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.

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