The EminiFX Receiver has secured court-approval to sell off 3680 BTC. The vast majority of the bitcoin (3658 BTC), was recovered from CoinPayments in November. The Receiver filed an application top sell off the bitcoin on December 9th. Since October, the estate has received over 3,680 Bitcoin (BTC) valued at over $60 million, as well […]
EminiFX Receiver authorized to sell 3680 BTC Read More »
The EminiFX Receiver has recovered 3658 BTC from payment processor CoinPayments. Following an approved “Turnover Agreement Application” filed on November 15th, CoinPayments transferred 3658.33264986 BTC to the EminiFX Receiver on November 20th. The EminiFX Receiver, SEC and Eddie Andrexandre all consented to the clawback. Today 3658 BTC is worth around $59.2 million. When the CFTC
3658 BTC in EminiFX funds recovered from CoinPayments Read More »
The DOJ has secured a stay of the CFTC’s civil EminiFX fraud proceedings. The DOJ moved to stay the CFTC’s EminiFX case back on July 25th. Although the DOJ still has to file for a stay in each individual case, civil regulatory proceedings being stayed pending the outcome of parallel criminal proceedings is standard procedure.
CFTC’s EminiFX fraud case stayed pending crim proceedings Read More »
Disgruntled EminiFX investors have flooded the CFTC case docket with pro se motions. The motions demand the Judge reconsider an earlier order approving EminiFX Receivership expenses. As is standard procedure in MLM Ponzi cases, the appointed EminiFX Receiver filed a motion seeking approval for fees and expenses on August 4th. The court approved the Receiver’s
EminiFX investors flood CFTC docket with improper filings Read More »
EminiFX founder Eddy Alexandre’s arraignment and pre-trial conference was held on June 16th. Alexandre pled not guilty to one count of commodities fraud and one count of wire fraud. The DOJ alleges EminiFX was a $59 million dollar fraudulent investment scheme. If Alexandre goes to trial and is convicted, he’s facing up to thirty years
Eddy Alexandre pleads not guilty to commodities & wire fraud Read More »
Since taking over EminiFX’s business operations on May 11th, the Temporary Receiver hasn’t found any legitimate underlying business operations. As per a filed June 1st report from the Receiver; Although his investigation is in its very preliminary stages, the Receiver has not yet identified an account of EminiFX that contains revenue from an underlying business
Receiver finds EminiFX had no legitimate business operations Read More »
Eddy Alexandre has successfully moved to have his EminiFX bail conditions modified. Arguing that he’s left unable to pay for a security guard, whilst not disclosing what he did with EminiFX’s missing millions in crypto, Alexandre will be released on bail without guard 24/7 guard monitoring. As per a May 26th hearing order, Alexandre’s bail
Eddy Alexandre released on extradition waiver, no guard Read More »
A decision on Eddy Alexandre’s request to modify his EminiFX bail release conditions remains pending. In the meantime his attorney has filed a response to the DOJ’s opposition filing. The response mostly rehashes the same arguments, but also provides some new information. The critical issue in modifying Alexandre’s bail release conditions lies with his failure
Eddy Alexandre still in prison pending EminiFX bail decision Read More »
The DOJ has filed its opposition to Eddy Alexandre’s proposed change of bail conditions letter. As predicted, a key issue is the missing millions in crypto Alexandre is suspected of stashing away. As put by the DOJ in their May 24th response opposition filing; Alexandre, a Haitian national, defrauded investors in his company EminiFX out
DOJ opposes Eddy Alexandre’s change of bail conditions Read More »
Well that didn’t take long. Eddy Alexandre is already trying to weasel out of his EminiFX bail release conditions. Alexandre was arrested and released on bail on May 12th, subject to very specific conditions. On May 19th a new attorney representing Alexandre put in an appearance. Accompanying the notice of appearance was a letter motion,
Eddy Alexandre tries to weasel out of EminiFX bail conditions Read More »
