Complaint / review text:
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 usacomplaints.com 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!