Breaking News Bar
posted: 10/25/2012 1:13 PM

Roselle trading clerk indicted on fraud charges

hello
Success - Article sent! close
 
Daily Herald report

A 32-year-old former Chicago Mercantile Exchange trading clerk from Roselle was arrested Thursday and charged with federal commodities fraud.

Nicole M. Graziano is facing a maximum 10-year prison sentence if convicted, federal prosecutors said. Prosecutors claim Graziano made more than $225,000 in illegal profits between 2009 and 2010.

Graziano is accused of manipulating commodities prices for her own benefit and to the detriment of public customers, the indictment stated. Federal investigators believe Graziano submitted more than 100 personal orders to floor traders that she would financially benefit from while customers lost money.

Graziano could not be reached for comment. She was released from custody Thursday after posting bond, federal officials said.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here