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

The Commodity Futures Trading Commission (CFTC) has initiated legal proceedings 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.“