Federal Court Orders California Resident Ryan A. Nassbridges and his California Companies to Pay over $18 Million in Civil Monetary Penalties in a Commodity Pool Precious Metals Scheme Commodity pool fraud

CFTC release 7044-14 · 2014-10-25 · view on cftc.gov ↗

Key facts

Release number: 7044-14
Release date: 2014-10-25
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7044-14

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.