CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud By Cointelegraph

Legal proceedings have been initiated by the Commodity Futures Trading Commission (CFTC) against individuals and their organization, Fundsz, citing their involvement in a deceptive scheme concerning cryptocurrencies and precious metals trading.

Rene Larralde from Melbourne, Florida, Juan Pablo Valcarce from West Melbourne, Florida, Brian Early from New Orleans, Louisiana and Alisha Ann Kingrey from Franklin, Arkansas, along with their unincorporated entity Fundsz, face allegations of misleading investment solicitations. They allegedly enticed investors with implausible returns based on a purported “proprietary algorithm.”