The Shocking Truth About Eminifx Portal You Never Knew - Away State Journal
David Castleman has been appointed by the U.S. District Court (Southern District of New York) as the Receiver for EminiFX, Inc. in the case CFTC v. Eddy Alexandre and EminiFX, Inc.
NEW YORK— A federal judge has approved plans to return $100 million to about 31,000 EminiFX users who were caught in the cryptocurrency scheme that bilked mostly Haitians out of more than $250 million and sent the company’s founder to prison for nine years.
ALEXANDRE was the leader of a purported cryptocurrency and foreign exchange (“forex”) trading platform called EminiFX, and he defrauded over 25,000 investors in the EminiFX trading platform of more than $248 million.
A federal judge in New York ordered Eddy Alexandre, the founder of the defunct crypto platform EminiFX, to pay more than $228 million in restitution after ruling that the company operated as a Ponzi scheme that defrauded tens of thousands of investors.
A federal judge in New York made the ruling, determining that EminiFX operated as a Ponzi scheme that misled investors about its business model and trading strategies.
Judge Orders EminiFX’s Eddy Alexandre to Pay $228 Million for Crypto Fraud
The H aitian Times reported in July that Eddy Alexandre, the CEO of EminiFX (a crypto-currency investment company), was sentenced to nine years in prison by US District Judge John P. Cronan for orchestrating a Ponzi scheme that defrauded investors of nearly $250 million.
