EMINIFX CEO Eddy Alexandre Deserves More than 10 years in Prison.

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By: Jacqueline Desrossier

TrueNewsBlog- On February 12, 2023, EMINIFX CEO EDDY ALEXANDRE stood before Judge JOHN P. CRONAN of the Federal District Court in the Southern District of New York to plead guilty to One Count of commodities Fraud. In pleading guilty, ALEXANDRE admitted to lying to investors about the nature of EMINIFX’s business.

ALEXANDRE, the leader of the Ponzi Scheme pyramid-like business masking as a cryptocurrency and foreign exchange (“forex”) trading platform solicited more than $248 million in investments from sixty-two thousand individual investors after making false representations in connection with the EminiFX trading platform. U.S. District Judge John P. Cronan accepted the defendant’s guilty plea and promised to sentence him to no more than ten years.

Since his arrest ALEXANDRE continues to lie to his followers about the business of EMINIFX, telling fans through third parties that EMINIFX will return and that investors will get their money back from the Receiver David Castleman, who was appointed by a Judge in the civil matter of FTC v. EDDY ALEXANDRE, but nothing could be further from the truth. ALEXANDRE is incapable of telling the truth.

ALEXANDRE negotiated a plea agreement with the government that in exchange for forfeiting investors’ money, the sum of nearly a quarter billion dollars, the government agreed to shave off 12 years of a possible prison sentence of 22.3 years. By forfeiting investors’ money to the government instead of returning it to them, investors are now forced to challenge the government to establish who has a superior claim or interest in the forfeited money, a costly process that requires investors to hire a lawyer.

U.S. Attorney Damian Williams said: “Eddy Alexandre admitted today to luring investors to his cryptocurrency investment scam by fabricating weekly returns of at least 5%. In reality, ALEXANDRE failed to invest a substantial portion of this investors’ money and instead used some of the funds for personal purchases.

Alexandre’s scam caused investors to lose millions of dollars. This case should serve as yet another warning to cryptocurrency executives that the Southern District of New York is closely watching and ready to prosecute any and all misconduct in the crypto markets.”

According to the allegations in the Indictment and other filings and statements made in Court:
From in or about September 2021, up to and including in or about May 2022, ALEXANDRE operated EminiFX, Inc. (“EminiFX”), a purported investment platform that ALEXANDRE founded, and for which he solicited more than $248 million in investments from tens of thousands of individual investors.

ALEXANDRE marketed EminiFX as an investment platform through which investors would earn passive income through automated cryptocurrency and forex trading investments. In addition, ALEXANDRE offered his investors “guaranteed” high investment returns using new technology that he claimed was secret.

Specifically, ALEXANDRE falsely represented to investors that they would double their money within five months of investing by earning at least 5% weekly returns on their investment using a “Robo-Advisor Assisted account” to conduct trading. ALEXANDRE referred to this technology as his “trade secret” and refused to tell investors what the technology was. Additionally, each week EminiFX’s website falsely represented to investors that they had earned at least 5% on their investment, which they could withdraw or re-invest.

In truth and in fact, and as ALEXANDRE well knew, EminiFX did not earn 5% weekly returns for its investors. ALEXANDRE did not even invest a substantial portion of the investor funds entrusted to him. ALEXANDRE sustained millions of dollars in losses on the limited amount of funds he invested, which he did not disclose to his investors. Instead of using investors’ funds as promised, ALEXANDRE misdirected at least approximately $14,700,000 to his personal bank account.

For example, ALEXANDRE used $155,000 in investor funds to purchase a BMW car for himself and spent an additional $13,000 of investor funds on car payments, including to Mercedes Benz.

ALEXANDRE, 50, of Valley Stream, New York, pled guilty to one Count of commodities fraud and agreed to pay a forfeiture of $248,829,276.73 and restitution in an amount to be specified by the Court. The offense of commodities fraud carries a maximum sentence of 10 years in Prison.

On July 12, 2023, Judge John Cronan will sentence EDDY, and many of his fans, and members of the 7th Day Adventist Church will be in Court to support him. These sycophants have been brainwashed as EDDY continues spreading lies since his May arrest.

JUDGE JOHN CRONAN

This newspaper have interviewed hundreds of people who told us the same story about EDDY ALEXANDRE destroying their lives. Everyone said he is a “crook,” a “liar,” and a “sociopath” who deserves no less than ten years. ALEXANDRE stole from many people, mostly single and older women, who told TNB that their pastors coerced them to invest because the pastors received a commission of 10 percent from EDDY ALEXANDRE.

Adventist pastors SUCH as PHILIPS MOMPREMIER, JOHN MAISSONEUVE, WILLIAMS JEAN CHARLES, AUGUSTIN FAUSTIN, and others like SOPHIA MAISSONEUVE, the wife of Pastor MAISSONEUVE, JEAN CLAUDE JUNIOR VAVAL, LYDIA BASTIEN, EDDY ALEXANDRE’s sister; BERTRAND LOUIS and Professor GEORFREY and others conspired with EDDY ALEXANDRE to defraud ten of thousands of people.

EDDY ALEXANDRE is not the only criminal. Those who aided and abetted him should have been prosecuted. But this case is not over. We are calling on the FBI to reopen the investigation because these pastors made millions while tens of thousands of people lost their life savings.

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