# 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

> CFTC release 7044-14 · 2014-10-25 · **Commodity pool fraud** · ENFORCEMENT

## Key facts

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

## 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 7044-14, "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", 2014-10-25. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/cftc-action/7044-14.

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