Florida Court Orders Fundsz Promoters to Pay Over $30 Million in Fraud Case

A federal judge in Florida has ordered Brian Early and Alisha Ann Kingrey, promoters of the Fundsz platform, to pay approximately $31.48 million following a lawsuit by the US Commodity Futures Trading Commission (CFTC). The judgment includes $15.73 million in restitution for over 9,000 defrauded investors and a $15.75 million civil penalty. The court also issued permanent injunctions barring the defendants from trading or registering with the CFTC. The scheme allegedly promised returns of over 3% per week through a non-existent proprietary algorithm for crypto and precious metals trading. The case, filed in 2023, also named founder Rene Larralde, who passed away that same year.