BY: Jacques Bouzier
A month before EDDY ALEXANDRE was arrested by the Federal Bureau of Investigation (FBI), he signed a real estate contract to purchase a mansion in Manhasset, Long Island, for 5.3 million dollars. (Copy of real estate contract).
The news about the pending purchase surfaced after the court-appointed receiver wrote a letter to Judge Valerie CIPRONI seeking an order directing the attorney representing the seller of the Mansion to turn over to the receiver the cash deposit of $530,000 that Eddy Alexandre paid for the purchase of the Mansion.
EDDY ALEXANDRE, the CEO of Eminifx, was arrested on May 12, 2022, and charged with commodities fraud and wire fraud. He was released on a 3-million-dollar bail.
Mr. ALEXANDRE, a resident alien from Haiti, collected over $59 million from nearly 62,000 Haitian Americans in a Ponzi scheme. Investors were told their money would be invested in crypto and foreign exchange, but according to the indictment, ALEXANDRE, did not invest the money as he promised and misappropriated investors’ money.
During the investigation, the government discovered a copy of the real estate contract where Mr. ALEXANDRE, as the buyer, was using a company named ALEXANDRE ESTATE, LLC for the purchase.
In the letter to judge CIPRONI, DAVID CASTLEMAN, the receiver wrote, “it is very likely that the money Alexandre used to pay for the down payment came from investors fund.” However, some Eminifx investors and supporters of ALEXANDRE wrote on social media that they knew about the Mansion and that ALEXANDRE told them about the purchase during their regular weekly meetings.
According to the supporters, the Manhasset mansion was being purchased as an investment that the group hoped would generate a profit by flipping the property.
The Mansion was listed for sale in the MSL, and typically people who purchase property to flip often buy a rundown property they hope to fix with minimum investment and sell it for a large profit.
The six-bedroom, six-bath mansion was more likely being purchased for ALEXANDRE and his family but not as an investment as some of his supporters claimed.
If the down payment for the property came from the investors’ fund as the government claimed, ALEXANDRE would have a lot of explaining to do.
As the investigation progresses, the evidence seems to suggest that ALEXANDRE, as the government charged, was running a Ponzi scheme where investors were being paid five percent weekly using investors’ own money and new investor but not profit legitimately earned from real investment.
For more information about the EDDY ALEXANDRE case, please click here (https://youtu.be/ewBmOazpt4o).