CFTC Finalizes $262M Judgment in EminiFX Ponzi Scheme, Investors Recover Over $98M
Photo: Crypto Economy
TL;DR: Civil penalty: The U.S. District Court ordered $45.15 million in fines and $228.58 million in joint restitution against Eddy Alexandre and his platform. Capital raised: The entity raised more than $262 million by promising weekly returns of up to 9.99%, while accumulating real trading losses exceeding $49 million. Judicial recovery: The court-appointed receiver has ... Read more
Source: Crypto Economy
