CFTC Wins $288 Million Judgment Against EminiFX, but Victims Have Recovered Just 37%
Photo: Blockchain Reporter
The Commodity Futures Trading Commission said on October 19 that the U.S. District Court for the Southern District of New York has ordered Eddy Alexandre of Valley Stream, New York, and his firm EminiFX Inc. to pay $288,774,962 for operating a commodity pool Ponzi scheme. The total combines $228,576,962 in restitution, $15,049,500 in disgorgement, and a $45,148,500 civil monetary penalty. What the announcement makes plain, though, is how little of that headline figure may ever reach the people it is meant to repay: as of July 2026, the court-appointed receiver had returned just over $98 million to more than 28,000…
Source: Blockchain Reporter
