Case Info
On July 31, 2023, the Commodity Futures Trading Commission (the "CFTC") commenced an enforcement action against Defendants Rene Larralde, Juan Pablo Balcarce, Brian Early, and Alisha Ann Kingrey, individually and as principals and agents of an unincorporated entity called Fundsz (collectively, the "Defendants"). The CFTC alleges that from at least October 2020 through the present, the Defendants have fraudulently solicited, accepted, and pooled potentially millions of dollars of contributions from more than 14,000 members of the general public ("participants") to purportedly trade cryptocurrencies and precious metals in the Fundsz "passive income platform" they operated. The CFTC also alleges that the Defendants, individually and through other promoters, have made misrepresentations of material fact when soliciting funds from existing and prospective participants, such as falsely claiming that they profitably traded cryptocurrency and precious metals, earning on average more than 3% per week with the participants' money, when in fact they did not trade at all. The Defendants made other misrepresentations of material fact which all led to the action of the CFTC.
On August 2, 2023, at the request of the CFTC, the United States District Court, Middle District of Florida appointed Melanie E. Damian, Esq. as Receiver over the assets of all Defendants thereby creating the Fundsz Receivership Estate. Ms. Damian, with the assistance of counsel, immediately took possession and/or control of the Defendants' known assets and froze all known accounts. The Court has approved the Receiver's Claims Process for the Fundsz Receivership Estate. All relevant court filings are available for review in the court documents section of the case website found here: Fundsz Receivership-Court Documents. Please feel free to contact the Receiver's office by email at fundszreceiver@dvcattorneys.com or by telephone at (786) 706-9916.
The purpose of this website is to collect documentation. For additional information please visit the Receivership Website Here.
Disclaimer: This website is not intended to, and cannot realistically, include all information an Investor might consider relevant, and the Receiver cannot provide any legal, tax or other advice to Investors.