EminiFX Review- Scam

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Eddy Alexandre, CEO and founder of EminiFX, was detained on May 12th.

The DOJ and the CFTC worked together on the bust. This investigation included an FBI sting that started in March 2022.

When the FBI arrests Alexandre, what occurs next is examined in this article.

New York-based EminiFX was founded in September 2021 by Eddy Alexandre, a Haitian native. Shortly after that, Alexandre opened an office in New York City and began work on EminiFX. The FBI began monitoring Alexandre in New York following a combined probe by the DOJ and CFTC.

This surveillance led to the acquisition of information proving that Alexandre had just cooked up the weekly ROI paid to investors in EminiFX.

EminiFX’s March 22nd office security video shows a whiteboard: Alexandre wrote down the EminiFX investors’ daily ROI on the whiteboard. “NEVER LESS THAN 5%, NEVER MORE THAN 9.99%!!!” is written on the right.

Instead of being tied to trading, Alexandre set up the weekly return rate. It was between 5% and 9.99 percent on his workplace whiteboard, which he meticulously noted.

The FBI also conducted witness interviews; attended weekly investor webinars; and monitored social media, including YouTube, as part of its investigation of EminiFX. Publicly available recordings of some EminiFX investors logging into their accounts on the Website and displaying the “Dashboard” of EminiFX investors were included in the sealed complaint that resulted in Alexandre’s arrest warrant.   

According to the video, EminiFX’s “weekly profit” for a specific week was listed on the website as 9.94 percent in a publicly viewable video.   

A snapshot of the video was supplied in order to prove EminiFX’s dishonest business practices.   

EminiFX had around $35 million in its account as of May 4th. The FBI spoke about it in a webinar on April 22, according to the agency.

Alexandre falsely claimed that investor concerns about the validity of the EminiFX address and the existence of the New York office had been “put to rest” following a series of in-person events held at his New York office.

These questions were referred to as “a bunch of crap” by Alexandre. EminiFX investors, including previous investors, invested more than 10% more cash in the days after the Sunday event at the EminiFX office, bringing the total amount of EminiFX investor funds to over $114 million, according to Alexander.   

The EminiFX accounts used by Alexandre are capped at $59 million in invested capital. As of May 4th, EminiFX has “a balance of over $35,000,000”.   

Based on the bank account activity, which shows that Alexandre failed to invest the bulk of investor funds, it appears that the only way that EminiFX can fund investor withdrawals is by using the funds of existing investors, or the funds of new investors, in a Ponzi-like approach.   

Alexandre was detained on May 12th. He was produced in court later that day. Looking forward There appears to be admin issues restricting access to Eddy Alexandre’s criminal case docket.

I’m assuming issues will be handled on Monday, following which I’ll be able to provide an updated status. What we do know, courtesy of Matthew Russell Lee of Inner City Press, is that Alexandre was released on bail at his May 12th appearance.

The DOJ is fearful that Alexandre will flee to Haiti. If Alexandre were to run, Haiti wouldn’t deport him back to the US.

The judge ignored these concerns and released Alexandre on a $3 million bond. He is subject to self-funded house confinement, which he is banned from paying for with cryptocurrencies.

At the conclusion of the hearing, André then sat at the defense table, speaking into his Federal Defender’s cell phone (to his wife), until the marshals put handcuffs on him and took him away.   

Stay tuned for an update next week on Alexandre’s ongoing criminal proceedings.

Eddy Alexandre, CEO and founder of EminiFX, was detained on May 12th. The DOJ and the CFTC worked together on the bust. This investigation included an FBI sting that started in March 2022. When the FBI arrests Alexandre, what occurs next is examined in this article. New York-based EminiFX was founded in September 2021 by…

Eddy Alexandre, CEO and founder of EminiFX, was detained on May 12th. The DOJ and the CFTC worked together on the bust. This investigation included an FBI sting that started in March 2022. When the FBI arrests Alexandre, what occurs next is examined in this article. New York-based EminiFX was founded in September 2021 by…

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