EminiFX CEO Pleads Guilty To Commodity Fraud, Forfeited $250 Million
Key Points: EminiFX CEO, a cryptocurrency trading platform has pleaded guilty for commodity fraud.
Eddy Alexandre accepted the forfeiture of $248.8 millions and restitution.
Tens of thousands of investors were fooled by him, and made weekly profits of at minimum 5%.
Eddy Alexandre, CEO of EminiFX, pleaded guilty in fraud to defrauding investors of tens of thousands. According to The Block, he was seized with nearly $250 million and could face up to 10 years imprisonment. According to court records, Alexandre will change his plea at a Friday hearing. Inner City Press first reported the news. According to court records, Alexandre pleaded guilty to one count of commodities Fraud and agreed to forfeit $248.8million in addition to restitution Friday.
“Alexandre’s fraud caused investors to lose millions, and this case should serve to warn cryptocurrency that the Southern District New York executives are closely watching and ready and available to prosecute any mistreatment of the crypto markets.”
Eddy AlexandreAlexandre, CEO of EminiFX, is accused of moving at least $14.7million to his account and using investor money to purchase a BMW. Eddy AlexandreAlexandre, CEO of EminiFX, is accused of moving at least $14.7 million to his account and using investor money to buy a BMW. He was sentenced to a maximum of 10 years in prison. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuFoxyCoincu NewsTags: # Cryptocurrencies#MarketsBlockchaincryptoEminiFXexchangeScam