4 People Charged for Allgedly Defrauding Investors in Crypto and Precious Metal Scam

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4 People Charged for Allgedly Defrauding Investors in Crypto and Precious Metal Scam
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The four people, alongside their unincorporated entity, promised investors extremely high returns.

The US Commodity Futures Trading Commission said earlier this week that it had filed a complaint against four individuals and their unincorporated entity for operating a fraudulent project involving precious metals and digital assets.in the US District Court for the Middle District of Florida against Rene Larralde, Brian Early, Alisha Ann Kingrey, and Juan Pablo Valcarce.

The press release informed that the project ran from October 2020 until now and promised investors over 3% returns per week using a “proprietary algorithm” for trading and something the founders described as “secret sauce.” The founders also said they run a parallel charity organization and use portions of the contributions to Fundsz to support several initiatives, including cleaning oceans and others related to health, education, and humanitarianism.

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