As disclosed in a February 4th Status Report, a residence turned over to the Fundsz Receiver has been surrendered

in an uninhabitable condition with floorboards removed and garbage, feces, and maggots throughout the house.

As part of her court-ordered duties to recover assets, the Fundz Receiver traced purchase of then defendant Rene Larralde’s $1.9 million Florida residence to stolen investor funds.

Accordingly the Receiver demanded Rachel Larralde, representing Rene Larralde’s estate after he died in late 2023, turn over the riverfront property.

As I understand it Rachel Larralde and her three children occupied the residence prior to surrender.

Such was the state of the Larralde residence that the Receiver

had to employ a large cleaning crew to restore the property so that a realtor could enter the home and begin to prepare it for sale.

The Receiver expects to sell the property for $1.7 million. Proceeds of the sale will be held by the Receivership for eventual distribution to Fundsz victims.

Appalling living conditions aside, Rachel Larralde has provided the Receiver with additional information pertaining to cash, weapons, a personal watercraft and trailer tied to the property.

Analysis of Rene Larralde’s seized laptop has also provided leads on “potential investors and assets that the Receiver is continuing

to investigate.”

With respect to Fundz defendant Juan Valcarce (right), as at the time of filing the Receiver believes Valcarce has been sufficiently stripped of ill-gotten gains.

During the Reporting Period, the Receiver concluded that, based on various personal interviews and sworn financial disclosures, Defendant Valcarce has a limited amount of assets and an absence of any real property holdings.

As previously detailed, the funds that were held in Mr. Valcarce’s accounts were transferred to the Receiver’s fiduciary account held at City National Bank.

The Receiver does not believe any further investigation into Mr. Valcarce’s assets is warranted.

In contrast, defendants Brian Early and Alisha Ann Kingrey continue to ignore proceedings at their own peril.

Brian Early (right) is apparently still promoting Ponzi schemes through Fundsz’ official FaceBook group.

Writes the Receiver;

During the Reporting Period, the Receiver continued her efforts to shut down the Fundsz Facebook account and private group and to stop Defendant Early’s improper use of Facebook to solicit investors, including discussing the matter with Facebook’s counsel and reporting any Fundsz pages on the Facebook platform.

The Receiver may need to seek the Court’s assistance in gaining control of the Facebook platform.

Perusal of Early’s FaceBook profile suggests he’s hiding out in Costa Rica and still promoting fraudulent MLM schemes:

RainBNB 2.0 appears to be a reboot of the recently collapsed
RideBNB
gifting scheme. Early is also promoting
GivBux
, an MLM pyramid scheme.

On Early’s and Alisha Kingrey’s cooperation with the Receivership, the Receiv

🤖 Quick Answer

What condition was the Fundsz-related residence in when surrendered to the Receiver?
The Florida riverfront property, originally purchased by defendant Rene Larralde for approximately $1.9 million using stolen investor funds, was surrendered in an uninhabitable state. Floorboards had been removed, and the interior was contaminated with garbage, feces, and maggots, requiring the Receiver to hire a large cleaning crew before the property could be listed for sale.

Who surrendered the Fundsz-linked property and why?
Rachel Larralde, representing the estate of deceased defendant Rene Larralde, surrendered the residence. The court-appointed Fundsz Receiver had traced the property's purchase to misappropriated investor funds and demanded its turnover as part of court-ordered asset recovery duties following Rene Larralde's death in late

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