On October 19, 2012, Graham was found dead by his wife of a self-inflicted gunshot wound to the head at their residence in Daytona Beach, Florida during Biketoberfest.[8] He was 61 years old.[9] His father and son had committed suicide in similar manners on January 21, 1985 and December 2010 respectively. [8][7] At the time of Graham's death, he was wearing his son's old work boots, and also frequently threatened committing suicide to his wife.[5] He was also intoxicated, and according to his toxicology report, his blood-alcohol concentration was at 0.259.[9]
Graham suffered business misfortunes years prior to his death, and a restaurant he owned in Florida closed in 2011 after about two years of operation.[3] He and his wife were also invested in Florida's real estate market, which suffered during the recession.[7] His friends also said that he had struggled with the death of his son Stephen.[7] [4]In the final months in his life, Graham had felt responsible for the deaths of his father and son.