EminiFX founder Eddy Alexandre’s arraignment and pre-trial convention was held on June sixteenth.
Alexandre pled not responsible to at least one depend of commodities fraud and one depend of wire fraud.
The DOJ alleges EminiFX was a $59 million greenback fraudulent funding scheme.
If Alexandre goes to trial and is convicted, he’s dealing with as much as thirty years in jail.
Wanting ahead, a Standing Convention has been scheduled for August third.
In parallel civil proceedings initiated by the CFTC, Alexandre lately consented to a preliminary injunction pursuant to associated conduct.