The Commodity Futures Trading Commission has filed a complaint in the US District Court for the Middle District of Florida against four individuals and their unincorporated entity, Fundsz. This complaint accuses them of fraudulent solicitation from customers to supposedly trade in cryptocurrencies and precious metals.
According to its website, Fundsz claims to be a decentralized platform that utilizes “revolutionary” blockchain technology that empowers individuals, charities, and institutions to raise recurring and sustainable income.
Fundsz Makes Up Fictional Weekly Returns For Clients, CFTC Says
In a press release published on August 11, 2023, the CFTC announced that it has charged Rene Larralde of Melbourne, Florida; Juan Pablo Valcarce of West Melbourne, Florida; Brian Early of New Orleans, Louisiana; and Alisha Ann Kingrey of Franklin, Arkansas (operators of Fundsz) for crypto and precious metals fraud.
The CFTC alleged that…
