United States ยท Not stated in the sources reviewed
EminiFX
The US Attorney's Office said EminiFX claimed to offer automated cryptocurrency and forex trading through a Robo Advisor Assisted account and promised weekly returns of at least 5 percent, but that Alexandre invested little of the money, lost millions on what he did invest and diverted at least about $14.7 million to his own account.2
Losses as statedThe US Attorney's Office said Alexandre took over $248 million from investors.2
Victims as statedMore than 25,000 investors, many recruited through his church and the Haitian community, according to the US Attorney's Office.
Recovered for investorsNot confirmed in the sources reviewed. Restitution of $213,639,133.53 was ordered.2
People and outcomes
Eddy Alexandre
Pleaded guilty to one count of commodities fraud (announced 10 February 2023). Sentenced by Judge John P. Cronan, as announced by the US Attorney's Office on 18 July 2023, to nine years in prison and three years of supervised release, with forfeiture of $248,829,276.73 and restitution of $213,639,133.53.1,2
Response: Alexandre pleaded guilty, according to the US Attorney's Office.1Timeline
- Alexandre's guilty plea announced.1
- US Attorney's Office announces Alexandre's sentence of nine years in prison.2
Sources
- US Attorney's Office, Southern District of New York, CEO of cryptocurrency and forex trading platform pleads guilty over $240 million scheme (10 February 2023)
- US Attorney's Office, Southern District of New York, CEO of cryptocurrency and forex trading platform sentenced to nine years in prison (18 July 2023)