The CFTC has moved to dismiss Fundsz as a defendant from its Fundsz commodities fraud lawsuit.

The CFTC filed its motion on January 5th, stating;

The CFTC’s claims against the individual Defendants in this action are nearly resolved. Through this Motion, the CFTC now seeks to dismiss its claims in this case against Fundsz, the only other defendant.

Fundsz is an unincorporated association that consisted of a now defunct website-based platform.

No appearance or filings have been made on Fundsz’s behalf in this action, and it has not incurred any expenses defending itself or been burdened by prosecutorial delay.

All other Defendants in this action are either in default or do not object to Fundsz’s dismissal. The Receiver also does not object to Fundsz’s dismissal.

The CFTC’s first motion to dismiss Fundsz was denied in October 2025. The court granted the CFTC’s second motion to dismiss on January 6th, 2026.

Fundsz was an MLM crypto Ponzi scheme launched by Rene Larralde (right) in 2020.

The CFTC filed suit against Fundsz, Larralde, Alisha Kingrey and Brian Early in July 2023.

Larralde died in late 2023, after which his daughter Rachel represented his estate in CFTC proceedings.

Larralde’s estate and defendant Juan Pablo Valcarce settled with the CFTC last year. Proceedings against defendants Kingrey and Early are ongoing.