CFTC Charges California Man Ryan Nassbridges and His Companies, American Bullion Exchange ABEX Corp. and American Bullion Exchange LLC, with Fraud in $5.5 Million Precious Metals Scheme Fraud

CFTC release 5955-10 · 2010-12-16 · view on cftc.gov ↗

Key facts

Release number: 5955-10
Release date: 2010-12-16
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5955-10

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.