A former CHS employee manipulated the valuation and quantity of its rail freight rates. As a result, the cooperative overstated its pre-tax income by $100 million to $190 million from September 2014 to May 2018. In a letter to CHS farmer-owners, CEO Jay Debertin said there was no monetary loss to CHS, but the co-op will face additional costs related to this situation. CHS will file corrected statements for the past four years.
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