Eddy Alexandre released on extradition waiver, no guard
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 conditions are as follows:
- $3 million Personal Recognizance Bond, secured by three homes and a BMW;
- limited to travel within the Southern and Eastern Districts of New York;
- travel documents must be surrendered and Alexandre is barred from applying for new documents;
- 24/7 home incarceration with location monitoring (Alexandre to pay costs, prohibited from using EminiFX investor funds);
- submission of signed extradition waiver;
- prohibited from working in the investing/financial industry;
- prohibited from opening bank accounts or lines of credit without Pretrial Services’ approval; and
- prohibited from engaging in any crypto transaction without Pretrial Services’ approval
The two major changes are the aforementioned lifting of the guard requirement, and Alexandre not having to disclose where he stashed tens of millions in stolen EminiFX investor funds.
The latter is framed as preserving Alexandre’s right to not self-incriminate himself.
I don’t like the idea of Alexandre being let out without disclosing where missing EminiFX investor funds are, but that’s what the Judge has ordered.
As of earlier this week Alexandre was still being held in prison under quarantine. Hopefully he stays put when released.
Looking forward, with Alexandre’s bail conditions sorted we’re back to the preliminary injunction.
On May 20th the CFTC requested the preliminary injunction scheduled on May 24th be adjourned.
The motion was granted on May 23rd, rescheduled the injunction hearing to June 7th.
Till then the Statutory Restraining Order remains in place, effectively freezing Alexandre’s assets. EminiFX has been placed under control of a Temporary Receiver.
Beyond that, a pretrial conference has been scheduled for July 22nd.
Update 4th June 2022 – At the request of Eddy Alexandre’s attorney, the preliminary hearing has been pushed back to June 17th.
Defendant Eddy Alexandre was detained between May 12 and May 31, 2022, with limited access to counsel.
The requested adjournment will allow time for Mr. Alexandre to consult with counsel regarding the allegations in this action and the CFTC’s motion for a preliminary injunction.
If an agreement is reached on the preliminary injunction, it is to be filed by June 15th.
Update 16th June 2022 – A consented proposed preliminary injunction was filed on June 14th.
Housekeeping: Got a lot more news to cover but my desktop upgrade earlier this week is leaking noise. I find it difficult to work with any noise in the office so I’ll have to migrate new parts to old case (which is silent).
I’m pretty sure this was what caused my headache earlier this week so I need to deal with it.
Will be back later today with rest of the news.
So there are “EminiFX’s missing millions in crypto”?
I thought the complaint said He was not trading? How come they are looking for cryptos.
All the members were getting pay and are protesting, supporting Eddy.
Finally, based on what they said Eminifx is a ponzi?
Good job sir!
Alexandre wasn’t trading and they’ve identified missing crypto based on how much was invested and how much was frozen and Alexandre spent.
You can’t possibly hope to speak for “all members” of EminiFX. You also don’t appear to grasp Ponzi math.
Based on the recycling of invested funds to pay commissions/return withdrawals.
I’m an investor never had any issue. I get my money when I waant to without problem so don’t talk for us members and mind yall business.
(Ozedit: derails removed)
Either you’re a victim in denial, or you withdrew more than you invested and you’re a scammer supporting your scam.
Nobody’s talking for you personally. Facts are facts though and EminiFX was a Ponzi scheme.
If EminiFX collapsed (a mathematical certainty) and then the DOJ and CFTC went after Alexandre (which is what typically happens), you’d all be on here crying about withdrawal problems.
Can’t win with Ponzi investors.
Shut down a Ponzi before it collapses = “bUt I wAs GeTtInG pAiD!”
Nail the scammers after the Ponzi collapses = “wHy DiDn’T yOu Do AnYtHiNg SoOnEr? cAn I hAvE mY mOnEy BaCk?”