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Report: #651375

Complaint Review: Ryan A. Nassbridges - Laguna Niguel California

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  • Reported By: Curtis — Irvine California U.S.A.
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  • Ryan A. Nassbridges 29422 Ana Marie Lane Laguna Niguel, California United States of America

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Ryan A. Nassbridges has been found guilty of fraud by Federal Judge Theodore Albert in Federal District Court in Santa Ana, Ca. in the case of Murray vs Nassbridges case # 8:08-bk-12510-TA.

Ryan A. Nassbridges stated on the RipOff Report that Curtis Lund had caused the bankruptcy of the gold trading firm ABEX (American Bullion Exchange) that was solely owned by Mr. Nassbridges.

Judge Albert dismissed any involvement by Curtis Lund whatsoever as the cause of the defrauding of the Murrays of their monies, and of any involement whatsoever in the bankrupting of ABEX Corp.

Mr. Nassbridges took the Murray's money that they had trusted to Mr. Nassbridges to do nothing but buy actual gold bullion as an investment to be held by ABEX, which was then illegaly turned into highly leveraged (21 to 1) gold futures contracts with M.F. Global commodities firm in Chicago, completely without the Murray's knowledge or consent.  These positions were liqiudated when the gold market went through a significant downturn in the spring of 2008.  The contracts were unsegregated, and without stop limits or sell stops that would have protected these positions, Mr. Nassbridges had lost all of the Murray's invested capital, while at the same time sending in house ABEX statements for months to the Murray's stating that they still had their gold positions safely in place according to the ruling.

It was determined that the only one that ever traded the Murray's gold positions was Ryan Nassbridges, and not Curtis Lund at all.  Ryan stated that he had only talked to the Murray's one time when they first came to the firm.  This fact was completely a lie, as he spoke with each investor at least twice a week as testified by the Murray's.

Judge Albert again ruled against the arguement from Mr. Nassbridges attorney Jim Bastian that the Murrays "got exactly what they bargained for", which he argued unsuccessfully for reconsideration of the original ruling in the Tentative ruling # 8:08-01326. 

How can one bargain for something they never agreed to in the first place?  Nothing in any of the contract agreements that the Murray's signed authorized Ryan Nassbridges to buy futures contracts with their money according to the facts presented to Judge Albert.

The definition of fraud is clearly evidenced here.  You cannot by law, take someone's money when you say you are going to do one thing with it, and completely go and do something with that money that hasn't been agreed to.

Attorney Jim Bastian lost again in arguing this fact in the Tentative ruling hearing held Tuesday October 13th 2010 in Judge Albert's courtroom.  I attended that hearing, and at the end of it, Ryan still had the audacity to turn to me and say that this was still all my fault, and stated that "You will pay for this" in the foyer of the courtroom.

My postings here of the activities of Ryan A. Nassbridges are to warn anyone else who might be conned into investing money with this lying scumbag.  He presents himself as a seasoned commoidities trader which he is not.  He will take your money, and you will never see a dime of it again.  And then he will blame everybody else but himself for your loss.

Mr. Nassbridges has not once apologized to me, the Murray's, Dr Gindt, Mrs Matchum, or anyone else that he has defrauded millions out of, lied about, and bullied by his actions as he has blatantly done in this, and other pending court cases against him.

Ryan A. Nassbridges is an Iranian born citizen that came to the United staes in 2006.  Since he has been here this short period of time, Ryan has cleverly devised investment schemes that have only enriched himself as you can read in my other posts here how he has a big house in Laguna Niguel, CA., had three Mercedes Benz, and a brand new BMW 750 IL.  So many luxury cars for just him and his wife?

Shame Shame Shame on Ryan A. Nassbridges who hopefully will be behind bars very soon!

 

This report was posted on Ripoff Report on 10/15/2010 11:24 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ryan-a-nassbridges/laguna-niguel-california-/ryan-a-nassbridges-ryan-a-nassbridges-found-guilty-of-fraud-by-federal-judge-laguna-nig-651375. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
1Author
2Consumer
1Employee/Owner

#4 Author of original report

CFTC charges Ryan A. Nassbridges with 8 counts

AUTHOR: Curtis - (U.S.A.)

POSTED: Thursday, December 23, 2010

Ryan A. Nassbridges has now been charged with eight counts of Investment fraud by the Commodity Futures Trading Commission in Federal Court in Sana Ana, CA.

Ryan is still on here insisting that everyone but himself is to blame for the criminal investment fraud he has commited, and the millions he has lost of his clients money that they invested in Ryan's company American Bullion Exchange.

Now Ryan's troubles have really started as even the CFTC is saying that Ryan lied under oath at the CFTC hearing that was held in June 2009 about what he was doing with his clients money.

The 8 criminal counts the CFTC have charged Ryan A. Nassbridges with are as follows:

1. Fraud by fraudulant solicitation, misappropriation and failure to disclose trading and losses in futures

2. Fraud by fraudulant solicitation, misappropriation and failure to disclose trading and losses in options.

3. Fraud as a CPO and associated person.

4. Failure to register as an associated person and commodity pool operator

5. As CPO, accepting pool funds other than the name of the pool and failure to treat the pool as a seperate legal entity.

6. Failure to provide pool disclosure documents

7. Failure to provide monthly account statements.

8. Disgorgement of funds from the relief defendants.

Case # 8:10-cv-01876-DOC-RNB

So now a Federal Bankruptcy Judge AND the CFTC says that Ryan.A. Nassbridges commited fraud.

Ryan A. Nassbridges (AKA Ryan A. Nassarbadi) is a very bad man who belongs in jail, and propably will be in jail when this case is over.

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#3 UPDATE EX-employee responds

THE WRITER OF THE ABOVE REPORT IS A CAREER CRIMINAL WHO HAS NO VALID ADDRESS WITH THE AUTHORITIES AND WILL BE PROSECUTED TO THE EXTEND OF THE LAW FOR INACCURATELY MISQUOTING A BANKRUPTCY JUDGE.

AUTHOR: ABEX - (United States of America)

POSTED: Saturday, December 04, 2010

This report submitted by Mr. Lund is NOT accurate.  The findings by Judge Albert in the CIVIL Bankruptcy dispute have been appealed to the 9th Circuit Bankruptcy

Appellate Panel based on numerous errors by Judge Albert in his findings of fact and conclusions of law.  Judge Albert did not make any findings with respect to Mr. Lund and his involvement and responsibility for any accounts as such matters were not to be decided in the lawsuit.  Judge Albert also stated on the record that the reported leverage of 21:1 was not a deciding factor in his decision.  Mr. Nassbridges' counsel advised the court with proof that the leverage was not anywhere close to that level but very close to the same level the Murrays agreed to in their account.  The Judge stated that his finding was that Mr.Nassbridges invested in a futures or forward contract for the Murrays when they wanted to simply invest in gold bullion.  This finding was in error as the Murrays agreed IN WRITING that they did not want to purchase gold for delivery but instead wanted to invest in contracts with a future delivery date - which was stated by their own expert to be a futures or forward contract.  Mr. Nassbridges did not understand or believe that he was investing in a futures contract with MF Global and went so far as to confirm with MF Global that he could take delivery of gold at any time and as a result thought he was investing the Murrays money in gold with a future delivery date, just as the Murrays had requested. These and other issues have been presented to the Appellate Panel for final decision over the next few months. 

Mr. Nassbridges has commenced an arbitration against MF Global, which claim was assumed by his bankruptcy trustee. The Trustee has been presented with a settlement offer from MF Global to resolve his claims. 

Dr. Gindt who was Named as plaintiff without his permission immediately dropped all of his claims against Mr. Nassbridges over 1 year ago after Dr. Gindt and his counsel were provided with documents they requested. The Matcham matter who was a minor partner is under consideration for settlement and has nothing to do with any of the allegations made by the Murrays. Other than the Murrays, NO OTHER CUSTOMERS (AND THERE WERE OVER 200 TOTAL CUSTOMERS) OF ABEX OR MR. NASSBRIDGES ASSERTED OR FILED ANY CLAIMS AGAINST MR. NASSBRIDGES. As such, the assertion by Mr. Lund that Mr. Nassbridges has defrauded customers of millions of dollars is simply NOT true.  The only claim by a customer was made by the Murrays.

Contrary to the suggestion in Mr. Lund's report that Mr. Nassbridges has committed or has been found guilty of a crime, there are no criminal proceedings against Mr. Nassbridges and he has not been charged with, much less found guilty of any crimes.  Further, Mr. Nassbridges does not own a Mercedes or a BMW. 

Mr. Nassbridges is a United States citizen and any suggestion by Mr. Lund to the contrary is false. And as an example: You can see som eof Mr. Nassbridges background and awards at his web site www.RyanNassbridges.net go back to the 90's, we suggest that Mr. Lund should immediately turn himself to the nearest POLICE station and plea insanity.THE WRITER OF THE ABOVE REPORT IS A CAREER CRIMINAL WHO HAS NO VALID ADDRESS WITH THE AUTHORITIES AND WILL BE PROSECUTED TO THE EXTEND OF THE LAW FOR INACCURATELY MISQUOTING A BANKRUPTCY JUDGE.

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#2 UPDATE EX-employee responds

Curtis Lund is a career criminal on the Run with NO Address with Authorties, and for inaccurately quoting a Civil Bankruptcy Judge in his writting he will be prosecuted to the full extend of the Law.

AUTHOR: Ryan Nassbridges - (United States of America)

POSTED: Friday, December 03, 2010

This report submitted by Mr. Lund is not accurate.  The findings by Judge Albert have been appealed to the 9th Circuit Bankruptcy Appellate Panel based on numerous errors by Judge Albert in his findings of fact and conclusions of law.  Judge Albert did not make any findings with respect to Mr. Lund and his involvement and responsibility for any accounts as such matters were not to be decided in the lawsuit.  Judge Albert also stated on the record that the reported leverage of 21:1 was not a deciding factor in his decision.  Mr. Nassbridges' counsel advised the court with proof that the leverage was not anywhere close to that level but very close to the same level the Murrays agreed to in their account. The Judge stated that his finding was that Mr.Nassbridges invested in a futures or forward contract for the Murrays when they wanted to simply invest in gold bullion. This finding was in error as the Murrays agreed IN WRITING that they did not want to purchase gold for delivery but instead wanted to invest in contracts with a future delivery date, which was stated by their own expert to be a futures or forward contract. Mr. Nassbridges did not understand or believe that he was investing in a futures contract with MF Global and went so far as to confirm with MF Global that he could take delivery of gold at any time and as a result thought he was investing the Murrays money in gold with a future delivery date just as the Murrays had requested.  These and other issues have been presented to the Appellate Panel for final decision over the next few months. 

Mr. Nassbridges has commenced an arbitration against MF Global, which claim was assumed by his bankruptcy trustee.  The Trustee has been presented with a settlement offer from MF Global to resolve his claims. 

Dr. Gindt who was included without his permission dropped all of his claims against Mr. Nassbridges over 1 year ago after Dr. Gindt and his counsel were provided with documents they requested.  The Matcham matter is under consideration for settlement and has nothing to do with any of the allegations made by the Murrays.  Other than the Murrays, NO OTHER CUSTOMERS (AND THERE WERE OVER 200 TOTAL CUSTOMERS) OF ABEX OR MR. NASSBRIDGES ASSERTED OR FILED ANY CLAIMS AGAINST MR. NASSBRIDGES. As such, the assertion by Mr. Lund that Mr. Nassbridges has defrauded customers of millions of dollars is simply not true.  The only claim by a customer was made by the Murrays. Whereby this same claim was arised as result of Mr. Lund actions who was a coworker at ABEX and is solely responsible for making 50 people unemployed.

Contrary to the suggestion in Mr. Lund's report that Mr. Nassbridges has committed or has been found guilty of a crime, there are no criminal proceedings against Mr. Nassbridges and he has not been charged with, much less found guilty of any crimes.  Further, Mr. Nassbridges does not own a Mercedes or a BMW. 

Mr. Nassbridges is a United States citizen and any suggestion by Mr. Lund to the contrary is false. You may access Mr. Nassbridges personal background at www.RyanNassbridges.net and from there you will notice that every thing written by Curtis Lund is False and pure criminal activity. As an example: He claims that Mr. Nassbridges had immigrated to the U.S. in 2006, at the Site you will Notice honorable awards going back to the 90's!!! Inaccurately Quoting a Federal Bankruptcy court Judge is a serious offense. We advise Mr. Lund to turn himself in the nearest Police station for insanity behavior.

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#1 REBUTTAL Individual responds

Inaccuracies in Lund Report

AUTHOR: Ryan Nassbridges - (United States of America)

POSTED: Friday, December 03, 2010

This report submitted by Mr. Lund is not accurate.  The judgment and findings by Judge Albert have been appealed to the 9th Circuit Bankruptcy Appellate Panel based on numerous errors by Judge Albert in his findings of fact and conclusions of law.  Judge Albert did not make any findings with respect to Mr. Lund and his involvement and responsibility for any accounts as such matters were not to be decided in the lawsuit.  Judge Albert also stated on the record that the reported leverage of 21:1 was not a deciding factor in his decision.  Mr. Nassbridges' counsel advised the court with proof that the leverage was not anywhere close to that level but very close to the same level the Murrays agreed to in their account.  The Judge stated that his finding was that Mr.Nassbridges invested in a futures or forward contract for the Murrays when they wanted to simply invest in gold bullion.  This finding was in error as the Murrays agreed IN WRITING that they did not want to purchase gold for delivery but instead wanted to invest in contracts with a future delivery date - which was stated by their own expert to be a futures or forward contract.  Mr. Nassbridges did not understand or believe that he was investing in a futures contract with MF Global and went so far as to confirm with MF Global that he could take delivery of gold at any time and as a result thought he was investing the Murrays money in gold with a future delivery date - just as the Murrays had requested.  These and other issues have been presented to the Appellate Panel for final decision over the next few months. 

Mr. Nassbridges has commenced an arbitration against MF Global, which claim was assumed by his bankruptcy trustee.  The Trustee has been presented with a settlement offer from MF Global to resolve his claims. 

Dr. Gindt dropped all of his claims against Mr. Nassbridges over 1 year ago after Dr. Gindt and his counsel were provided with documents they requested.  The Matcham matter is under consideration for settlement and has nothing to do with any of the allegations made by the Murrays.  Other than the Murrays, NO OTHER CUSTOMERS (AND THERE WERE OVER 200 TOTAL CUSTOMERS) OF ABEX OR MR. NASSBRIDGES ASSERTED OR FILED ANY CLAIMS AGAINST MR. NASSBRIDGES.  As such, the assertion by Mr. Lund that Mr. Nassbridges has defrauded customers of millions of dollars is simply not true.  The only claim by a customer was made by the Murrays.

Contrary to the suggestion in Mr. Lund's report that Mr. Nassbridges has committed or has been found guilty of a crime, there are no criminal proceedings against Mr. Nassbridges and he has not been charged with, much less found guilty of any crimes.  Further, Mr. Nassbridges does not own a Mercedes or a BMW. 

Mr. Nassbridges is a United States citizen and any suggestion by Mr. Lund to the contrary is false.

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