Rene Larralde (Fundsz Founder)
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anchored·xcLr6t…jDDoSummary
Rene Larralde was the founder of Fundsz, an unincorporated MLM scheme that operated from approximately October 2020 and solicited funds from over 14,000 participants under false claims of algorithmic cryptocurrency and precious metals trading. The U.S. Commodity Futures Trading Commission filed a civil fraud complaint against Larralde and four co-defendants in July 2023; Larralde died on September 6, 2023, before the case was resolved. His estate subsequently reached a court-approved settlement on July 30, 2026, surrendering a Florida home, $4.1 million in a bank account, and $2.67 million in cryptocurrency to the court-appointed receiver.
Connected Entities
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Timeline(9 events)
1 October 2020
Fundsz launched by Rene Larralde, beginning solicitation of participants with claims of 3%+ weekly returns from algorithmic crypto and precious metals trading.
CFTC Press Release 8766-2323 June 2023
Fundsz disabled participant withdrawals after defendants received CFTC subpoenas. Defendants also began removing social media presence.
CFTC secures Fundsz Ponzi asset-freeze, owners charged — BehindMLM31 July 2023
CFTC filed civil complaint under seal in U.S. District Court, Middle District of Florida (Case No. 6:23-cv-01445-WWB-DCI) against Larralde, Valcarce, Early, Kingrey, and Fundsz.
CFTC Press Release 8766-232 August 2023
Court granted Statutory Restraining Order, freezing defendant assets and appointing a Temporary Receiver.
CFTC secures Fundsz Ponzi asset-freeze, owners charged — BehindMLM11 August 2023
Larralde filed emergency motion to dissolve the Statutory Restraining Order. CFTC complaint publicly announced.
Fundsz still fudging Ponzi returns, Larralde motion update — BehindMLM6 September 2023
Rene Larralde died, age approximately 51, in Melbourne, Florida. The CFTC was informed of his death. Cause of death was not publicly reported.
Larralde estate & Valcarce Fundsz settlement details — BehindMLM30 July 2026
Court approved settlements with the Larralde estate (represented by widow Rachel Larralde) and Juan Pablo Valcarce. The estate surrendered a Rockledge, FL home, $4.1M in a bank account, and $2.67M in cryptocurrency. Valcarce received a permanent injunction with no monetary penalty.
Larralde estate & Valcarce Fundsz settlement details — BehindMLM18 August 2026
CFTC filed motion for default judgment against Brian Early and Alisha Ann Kingrey.
Larralde estate & Valcarce Fundsz settlement details — BehindMLM30 September 2026
U.S. District Court entered default judgments against Brian Early and Alisha Ann Kingrey for $31.48 million ($15,732,455.40 restitution + $15,752,455 civil monetary penalty) and imposed permanent trading and registration bans, formally closing the CFTC enforcement action.
CFTC secures over $30 million judgment against defendants in Fundsz fraud case — The BlockDecision Log
- hash: ADH1Vo6rs9r4FLdd7RcPUyQQ89BedEmBFxQ6MBUfkBNG
This investigation is cryptographically anchored to the Solana blockchain (1 event). 10 of 13 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 10/2/2026, 12:11:34 PM
last updated: 10/2/2026, 6:10:03 PM
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