The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Fundsz and a number of individuals involved in the fraud.。

The complaint filed by the CFTC with the Central Florida District Court alleges that since at least October 2020, the defendants, Rene Larralde, Juan Pablo Valcarce, Brian Early and Alisha Ann Kingrey, have fraudulently solicited, accepted and pooled millions of dollars in donations from more than 14,000 members of the organization, both personally and as heads and agents of an unincorporated entity called Fundsz, respectively.。Allegedly, the public can trade cryptocurrencies and precious metals in the Fundsz "passive income platform" they operate.。

The CFTC indictment further alleges that the defendants made false statements about important facts when raising funds from existing and potential participants, such as falsely claiming that they profited from trading cryptocurrencies and precious metals, using participants' funds to earn an average of more than 3 percent per week, when in fact they did not trade at all.。

Defendants also made other false statements about material facts, including that Fundsz had been paying participants on time and accurately for more than seven years, and that the prices of cryptocurrencies such as Bitcoin and Ether (also known as digital asset commodities) had risen sharply during 2017, when the prices of those cryptocurrencies had actually fallen.。

The CFTC claims that the defendant has violated, is violating, or is about to violate the Commodity Exchange Act (Chapter 7, United States Code).。§ § 1-26 and CFTC regulations, 17 C.F.R.分。1-190 (2022), including but not limited to: using or attempting to use manipulative or deceptive conduct in violation of 7 U.S.C. 6 (c) (1)。§ 9 (1) and Regulation 180.1 (a) (1) - (3), 17 C.F.R.§ 180.1 (a) (1) - (3) (2022)。

The CFTC seeks civil fines and remedial ancillary relief, including compensation to deceived participants, return of illegal gains, pre- and post-judgment interest, and such other equitable relief as the court may deem necessary。