59 million dollars | Fraud – Crypto: Haitian Eddy Alexandre Arrested This Thursday In New York

Alexander was arrested on Thursday. He is charged with wire fraud and goods fraud, carrying a maximum prison sentence of 20 years and 10 years respectively. Alexandre told investors at an April 28 meeting that if they invested $1,000, “they would be millionaires in three years”

Thursday, May 12, 2022 ((rezonodwes.com))–

US prosecutors on Thursday charged a New York man with fraud after he reportedly raised more than $59 million by promising investors he could double their money in five months and make them millionaires, thanks to his cryptocurrency and exchange trading platform.

Alexander was arrested on Thursday. He is charged with wire fraud and goods fraud, carrying a maximum prison sentence of 20 years and 10 years respectively. The alleged fraud started in September last year.

According to a criminal complaint filed in Manhattan federal court, 50-year-old Eddy Alexandre guaranteed a weekly return of 5% to hundreds of investors who opened a “robo-advisor-assisted account” on his EminiFX platform, which used a non-advanced investor. existing technology that he called “our trade secret”. † †

Alexandre reported on the EminiFX website that investors’ account balances were up 5% to 9.99% every Friday, telling investors at an April 28 meeting that if they invested $1,000, “they would be millionaires in three years.” according to the complaint.

But prosecutors said Alexander failed to invest most of what he raised, lost more than two-thirds of the $9 million he invested in stocks and stock options — but not the promised cryptocurrency or foreign currency — and lost at least $14.7 million. dollars to his personal bank account.

Alexander is also alleged to have spent $155,000 in investor money on a BMW car and withdrawn an official $10,000 check payable to “Mercedes Benz.”

Press release from the Ministry of Justice

CEO of cryptocurrency and forex trading platform charged with fraudulent settlement of over $59 million
Damian Williams, United States Attorney for the Southern District of New York, and Michael J. Driscoll, deputy director of the Federal Bureau of Investigation’s New York Field Office, today announced the unsealing of a complaint in Manhattan. the court accuses EDDY ALEXANDRE, the leader of an alleged cryptocurrency and forex trading platform called EminiFX, of commodity fraud and wire fraud. As alleged, ALEXANDRE has solicited more than $59 million in investment from hundreds of individual investors after making false claims related to the EminiFX trading platform. ALEXANDRE was arrested this morning and will appear later today before examining magistrate Katharine H. Parker of the US District Court for the Southern District of New York.

US attorney Damian Williams said: “Eddy Alexandre is said to have tricked his clients into investing more than $59 million with promises of huge passive income through his own trading platform called EminiFx. In reality, such technology did not exist as Alexander had very little of their money. would have invested – most of which he lost – and transferred most of it into his own personal accounts to pay for luxury items himself.. As in all financial markets, forex markets offer the potential for high returns, but investors should watch out for the downside. risks of misrepresentation and get-rich-quick schemes that often seem too good to be true.

Michael J. Driscoll, deputy director of the FBI, said: “As alleged, Mr. Alexander withdrew millions of dollars from unwitting investors whom he ‘guaranteed’ 5% weekly returns through his platform. Trading using new technology that he declined Like many greedy actors before him, he then used a significant portion of the money from the investors he solicited to buy himself expensive luxuries.Today’s action further demonstrates the FBI’s commitment to fraudsters such as To prosecute Mr. Alexander and make sure they face the consequences of their actions in the federal criminal justice system.

As alleged in the complaint opened in Manhattan federal court today[1] †

From or about September 2021 through or about May 2022, ALEXANDRE EminiFX, Inc. (“EminiFX”), a so-called investment platform that ALEXANDRE founded and for which he has solicited more than $59 million in investment from hundreds of individual investors. ALEXANDRE marketed EminiFX as an investment platform through which investors would earn passive income through automated cryptocurrency investing and foreign exchange trading (“FOREX”). ALEXANDRE offered his investors a “guaranteed” high return on investment using a new technology that he claimed was secret. Specifically, ALEXANDRE has falsely suggested that investors double their money within five months of their investment by earning a weekly 5% return on their investment by using a “robo-advisor assisted account” to trade. ALEXANDRE called this technology a “trade secret” and refused to tell investors what technology it was. Every week, the EminiFX website falsely informed investors that they had earned at least 5% on their investment, which they could withdraw or reinvest.

In truth and in fact, and as ALEXANDRE well knew, EminiFX was not earning 5% weekly returns for its investors. ALEXANDRE has not even invested the vast majority of the investor funds entrusted to him, and ALEXANDRE has incurred over $6 million in losses on the limited portion of the funds he has invested, which he has not done and has not disclosed to his investors . Instead of using the investors’ money as he promised, ALEXANDRE embezzled at least about $14.7 million in his personal bank account and left the vast majority of the investors’ money uninvested. For example, ALEXANDRE used $155,000 in investor money to buy himself a BMW car and spent another $13,000 in investor money on car payments, including to Mercedes Benz.


ALEXANDRE, 50, of Valley Stream, New York, is charged with one count of goods fraud, which carries a maximum penalty of 10 years in prison, and one count of electronic mail fraud, which carries a maximum sentence of 20 years in prison.

The maximum possible sentences are prescribed by Congress and are given here for informational purposes only, as any conviction of the accused will be determined by a judge.

Mr. Williams praised the investigative work of the Federal Bureau of Investigation and also thanked the Commodity Futures Trading Commission for its assistance.

This case is being handled by the Bureau’s Securities and Commodity Fraud Task Force. United States Assistant Attorneys, Nicholas Folly and Jared Lenow, are leading the prosecution.

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