# CFTC Charges Grahame Rhodes of Missouri with Fraud, Misappropriation, and Commingling Funds in Multi-Million Dollar Commodity Pool Ponzi Scheme

> CFTC release 6354-12 · 2012-09-20 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 6354-12
- **Release date:** 2012-09-20
- **Type:** Fraud
- **Title:** CFTC Charges Grahame Rhodes of Missouri with Fraud, Misappropriation, and Commingling Funds in Multi-Million Dollar Commodity Pool Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6354-12

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6354-12, "CFTC Charges Grahame Rhodes of Missouri with Fraud, Misappropriation, and Commingling Funds in Multi-Million Dollar Commodity Pool Ponzi Scheme", 2012-09-20. Retrieved via AI Analytics 2026-07-20 from https://api.ai-analytics.org/cftc-action/6354-12.

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