Eddy Alexandre tries to weasel out of EminiFX bail conditions
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, seeking modification to Alexandre’s bail conditions.
The argument is that at the time of Alexandre’s bail hearing, the CFTC’s injunction was unknown to Alexandre.
The specific bail condition Alexandre wants dropped the requirement he fund security but not out of EminiFX investor funds.
The implication is that Alexandre had no other source of income outside of the $14.7 million he pilfered through EminiFX.
Alexandre’s attorney argues that in lieu of private security, he’ll consent to extradition from Haiti should he flee.
Consent to extradition to the United States, in order to face the charges pending in the Complaint, from any country in which Mr. Alexandre is detained should he leave the United States during this case.
Alexandre will still be subject to home incarceration, but without private security monitoring.
The letter suggests the proposed modification was discussed with the DOJ prior to filing, noting that “the government opposes this application”.
Personally I think a big sticking point here is the missing millions tied to EminiFX.
Alexandre is refusing to disclose financial information with respect to the missing funds;
Mr. Alexandre does not pose a risk of economic harm and his bail conditions should not require him to waive his privilege against self-incrimination by providing financial disclosures.
That’s fine and dandy, but the fact remains should Alexandre flee, he’d have access to an undisclosed amount of cryptocurrency held in an undisclosed location.
Consent to extradition or no, I’d have thought that sufficient enough to tip the scales in favor of Alexandre being a flight risk.
At the same time the court has released Alexandre in spite of the missing millions, so that’s a moot issue for now. Is there much of a difference between home incarceration with a guard and without?
We’ll have to wait and see what’s in the DOJ’s opposition filing. I’m expecting that early this week.
Update 24th May 2022 – The docket has been updated to give the DOJ till May 25th to file a response.
At the time of this update the DOJ hasn’t made a response filing.
The court has set a May 26th bail hearing date, with the option of ruling solely on the merits of the filing(s) without a hearing.
Will check back for a DOJ filing later today.
Update 25th May 2022 – The DOJ has filed its opposition.
Update 27th May 2022 – Eddie Alexandre has prevailed in getting his bail release conditions modified.
Upon release, Alexandre will not require 24/7 monitoring by a security guard. All other previously set bail conditions remain in place.
Probably held it all in terra ust lol
Lock the guy up. He’s planning to take a powder, and thinks he can pull a fast one on the authorities.
“Consent to extradition”? A fat lot of good that will do the DOJ when there are corrupt governments that will gladly accept a bribe and claim they are unable to locate the fugitive. (*cough* Dubai! *cough*)
Alexandre has shown his intent to flee. Throw his ass back in the slammer.
Article updated with bail hearing date and DOJ filing status.
Where’s the proof? Almost everything you guys said about him were false.
I haven’t sued Eddy Alexandre for fraud, the CFTC has. On top of that the DOJ has filed criminal charges.
The CFTC presented enough evidence before a judge to secure a restraining order.
The DOJ will withhold evidence behind their allegations till trial.
If you want to claim the evidence collected through the criminal and civil investigations is false you’ll have to take it up with the DOJ and CFTC.
How long it take to give me my money detained by the receivership.
Your money isn’t “detained by the Receivership”.
Sorry for your financial losses by investing in a Ponzi scam.
I can see the intentions are good here, but matters of law are often best left to legal professionals.
It seems that, contrary to what most here rushed to assert that the defendant was trying something cunning when he chose to exercise his 5th amendment rights against self-incrimination by not disclosing any financial informations while a ferocious federal prosecution is underway into his very finances, a federal judge erred on the side of defendant today, by granting his motion to be released without having to disclosing his financial information, thereby preserving his 5th amendment rights, fundamental rights guaranteed to all here – including Haitians.
Have we forgotten that the core foregoing process concerning this active concerns his finances and the man – like him or not, has every right to remain silent or do we make an exception here, because he’s from Haiti?
Can we all agree to be fair to the application of the rules of law so the light of justice can prevail at the end?
Are jury moot now? Because I see that a few spirited friends here have already returned the verdict on before seing the evidences and going through the case on its merits. In other words, we just take the government’s words, right?
That sounds easy. Let’s just hang him before any due process – The Haitian that he is and Let’s just ignore all the great things our forefathers have laid out before on how to proceed in term of the administration of justice.
Let’s speed that thing up and call him guilty. Then, we will consider the facts later… if we do.
I haven’t checked the docket yet (issues with my upgrade earlier this week are distracting me) but if Alexandre was released without having to provide financial disclosures that’s disappointing.
I can appreciate this is “baby’s first Ponzi scheme” for many of you but at the end of the day Alexandre is guilty and will either flee, plea out or take it all the way to trial and cop a longer sentence.
Securities fraud is illegal and EminiFX is no different to every other MLM Ponzi that’s been steamrolled in court.
I say with confidence because I did the homework back in March. Here’s all the evidence you need:
Alexandre isn’t going to legalize Ponzi schemes and securities fraud in the US.
Also I don’t know what it’s like in Haiti but discussing legal cases isn’t some new thing.
Pending the outcome of a case, generally it’s only the parties involved that are restricted from discussion.
i would like to know are we going lose our fund so called investing in EminiFX.
Your funds were lost the second you invested.
You might get something back, eventually.