Amid pending settlements and default judgments against those who ran the scam, the CFTC has opted to voluntarily dismiss its Fundsz as a corporate entity.

Fundsz
was an MLM crypto Ponzi run by Rene Larralde, Juan Pablo Valcarce, Brian Early and Alisha Ann Kingrey.

In its June 16th motion, the CFTC explains the reasoning for the requested dismissal;

The CFTC has filed an agreed motion to enter consent orders resolving this matter against Defendants Rachel Larralde, as personal representative of the estate of Rene Larralde, and Juan Pablo Valcarce.

The CFTC intends to file a motion for default judgment against Defendants Brian Early and Alisha Ann Kingrey within the time set forth in the Court’s prior default order.

On June 16th the CFTC filed motions for settlement consent orders against Larralde and Valcarce.

Larralde died in late 2023 and is legally represented by his daughter Rachel. As per the proposed settlements with the CFTC, the parties agree Fundsz was a “fraudulent scheme”.

Larralde will surrender the “Larralde residency” in Florida, $2.67 million in cryptocurrency and a Ford Expedition truck.

As of February 2025 the Fundsz Receiver had already
stripped Valcarce of ill-gotten gains
. Thus Valcarce’s settlement requires only he “cooperate fully” with the CFTC “and any other governmental agency or any self-regulatory organization”.

Alisha Kingrey and Brian Early have ignored proceedings since the CFTC
filed suit
in 2023. Kingrey, a last-known resident of Arkansas, is believed to still be in the US.

Early, originally from Louisiana, fled the US for Costa Rica as Fundsz collapsed.

On social media Early goes by “Coach Be” and, as of June 2025, continues to defraud consumers through various MLM crypto scams.

Early’s current scam is
TrustPoly
, an MLM crypto cycler Ponzi.

Pending approval of the CFTC’s dismissal motion and/or settlement motions, I’ll leave an update below.

Update 29th October 2025 – 
Citing failure to adhere to court rules, the court struck the CFTC’s motion to voluntarily dismiss Fundsz on October 23rd.

From the order;

The parties may file a stipulation of voluntary dismissal that complies with Rule 41(a)(1)(A)(ii), or Plaintiff may file a motion for voluntary dismissal pursuant to Rule 41(a)(2). Otherwise, the claims against Defendant Fundsz will not be dismissed

Update 30th January 2026 – 
Following filing of a second motion by the CFTC,
Fundsz was dismissed as a defendant
on January 6th.

🤖 Quick Answer

What action did the CFTC take regarding Fundsz as a corporate entity?
The CFTC filed a motion to voluntarily dismiss Fundsz as a named defendant in the case. This decision followed the agency's pursuit of administrative settlements against individual defendants and its intention to seek default judgments against remaining parties, rendering the corporate entity's inclusion in the litigation unnecessary.

Who were the individuals behind the Fundsz scheme?
Fundsz was an MLM cryptocurrency Ponzi scheme operated by Rene Larralde, Juan Pablo Valcarce, Brian Early, and Alisha Ann Kingrey. The CFTC pursued enforcement actions against all four individuals separately, addressing their respective roles in the fraudulent operation through distinct legal proceedings.

What settlements did the CFTC reach in the Fundsz case?
On June 16th, the CFTC

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