Former grain dealer pleads not guilty in fraud case

Tuesday, November 3, 2009 | 2:51 p.m. CST; updated 3:54 p.m. CST, Tuesday, November 3, 2009

WARRENTON — A former Missouri grain dealer has pleaded not guilty to 12 state charges in a $27 million grain fraud case.

KXEO Radio reports that Cathy Gieseker entered the plea Tuesday. She was arrested in July and accused of bilking more than 180 farmers while she ran a Martinsburg company that sold and hauled grain.

Prosecutors have called it the largest grain fraud scheme in Missouri history.

Gieseker also faces three federal charges. Her federal trial begins Dec. 7 in St. Louis.

Prosecutors say Gieseker promised farmers returns 50 percent to 100 percent above market through nonexistent contracts with Archer Daniels Midland Co. The indictment alleges she instead sold grain at spot prices and used proceeds from other grain sales to pay inflated prices to some farmers.

Like what you see here? Become a member.

Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.