A federal district court in the Middle District of Florida has entered a default judgment against Brian Early and Alisha Ann Kingrey in the Fundsz digital asset and precious metals fraud case, ordering the two to pay more than $30 million in penalties. According to Techub News, citing Wu Blockchain, the court found that Early and Kingrey, who served as Fundsz board members and Telegram group administrators, made false statements about expected returns, historical trading performance, and the risk of losses. The court also said they falsely claimed investor funds could be traded through a "proprietary algorithm" and later withdrawn with both principal and returns. On the same day, the court issued consent orders against two other individuals tied to the case. One of them, Juan Pablo Valcarce, was permanently barred from having others trade crypto assets or precious metals on his behalf.
A federal district court in the Middle District of Florida entered a default judgment against Brian Early and Alisha Ann Kingrey in the Fundsz digital asset and precious metals fraud case, ordering them to pay more than $30 million in penalties.
Court says the two made false statements
The court found that Early and Kingrey, acting as Fundsz board members and administrators of a Telegram group, made false statements about expected returns, historical trading performance, and the risk of losses.
It also found that they falsely told investors their money could be traded through a "proprietary algorithm" and later withdrawn with both principal and returns.
Consent orders issued against two other individuals
On the same day, the court also issued consent orders against two other people involved in the case.
Among them, Juan Pablo Valcarce was permanently barred from having others trade crypto assets or precious metals on his behalf.
The update was published by Techub News and cited Wu Blockchain.
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