# 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

> CFTC release 5955-10 · 2010-12-16 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 5955-10, "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", 2010-12-16. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5955-10.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*