Fundsz Scammers Hit with $31.4 Million Judgment
Brian Early and Alisha Ann Kingrey received a $31.4 million judgment order on September 15. The ruling followed a CFTC request for default judgment filed in August. Both served as Fundsz insiders and top net-winners in the MLM crypto Ponzi scheme.
Fundsz Collapse and CFTC Lawsuit
Fundsz launched in 2020 under Rene Larralde, who is now deceased. The scheme collapsed in late 2022. The CFTC sued in August 2023 and named Early and Kingrey as defendants. They filed answers but later stopped participating in the case.
False Claims and Default Judgment
The court found that Early and Kingrey sat on the Fundsz Advisory Board and moderated its main Telegram group. They made false statements about weekly returns over 3 percent and a supposed algorithmic strategy. These claims were either knowingly false or made with reckless disregard for the truth.
Restitution and Civil Penalty Details
Early and Kingrey are jointly liable for $15,732,455.40 in restitution plus an equal civil penalty. The total reaches $31.4 million. This amount matches the exact losses suffered by 9,138 Fundsz participants who deposited more than they withdrew. A permanent injunction also bars them from further fraud or Commodity Exchange Act violations.
Where the Defendants Are Now
Brian Early fled Louisiana for Costa Rica and remains active on social media under names like “B Early News.” Alisha Ann Kingrey disappeared after the collapse and is believed to still live in the United States. Other Fundsz defendants who cooperated received far lighter penalties.
