Defending an SEC Investigation

Eddy Alexandre, CEO Of EminiFX Sentenced To Nine Years In Prison For $240 Million Scheme To Defraud Investors

Damian Williams, the United States Attorney for the Southern District of New York, announced today that EDDY ALEXANDRE was sentenced by U.S. District Judge John P. Cronan to nine years in prison for engaging in commodities fraud. 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.

The attorneys at Sallah Astarita & Cox, LLC, a national securities firm, have followed this case closely and have been in contact with many EminiFX investors. From September 2021, Alexandre operated EminiFX, Inc. (“EminiFX”), for which he solicited more than $248 million in investments from over 25,000 individual investors according to court files.  Alexandre marketed EminiFX as an investment platform through which investors would earn passive income through automated investments in cryptocurrency and forex trading. He offered his investors “guaranteed” high investment returns using new technology that he claimed was secret.  Specifically, Alexandre represented to investors that they would double their money within five months of investing by earning at least 5% weekly returns on their investment using a “Robo-Advisor Assisted account” to conduct trading.  Alexandre referred to this technology as his “trade secret” and refused to tell investors what the technology was.  Each week, EminiFX’s website falsely represented to investors that they had earned at least 5% on their investment, which they could withdraw or re-invest.

In addition to his prison term, In addition to his prison term, Alexandre was sentenced to three years of supervised release and ordered to pay forfeiture in the amount of $248,829,276.73 and restitution in the amount of $213,639,133.53.

During the past year, a receiver appointed by the federal court to take control of the business and recover its assets has advised the Court that he has identified over $100,000,000 in cash, securities and other assets and will eventually propose a claim process for a return of the investments to the investors.

The DOJ press release is online at

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