EminiFX @ BehindMLM

EminiFX Receiver recovers $173 mill out of $260 mill invested

The EminiFX Receiver has filed a report pertaining to the “financial condition” of the EminiFX Receivership. The good news for victims of the Ponzi scheme is “the bulk of the EminiFX assets” have been recovered.

Eddy Alexandre pleads guilty to EminiFX criminal fraud charge

EminiFX founder Eddy Alexandre has pled guilty to one count of commodities fraud. Alexandre’s guilty plea includes $248.8 million forfeiture judgment.

EminiFX Receiver authorized to sell 3680 BTC

The EminiFX Receiver has secured court-approval to sell off 3680 BTC. The vast majority of the bitcoin (3658 BTC), was recovered from CoinPayments in November.

3658 BTC in EminiFX funds recovered from CoinPayments

The EminiFX Receiver has recovered 3658 BTC from payment processor CoinPayments.

CFTC’s EminiFX fraud case stayed pending crim proceedings

The DOJ has secured a stay of the CFTC’s civil EminiFX fraud proceedings.

EminiFX investors flood CFTC docket with improper filings

Disgruntled EminiFX investors have flooded the CFTC case docket with pro se motions. The motions demand the Judge reconsider an earlier order approving EminiFX Receivership expenses.

Eddy Alexandre’s EminiFX criminal trial scheduled for 2023

Following an August 3rd Status Conference, a March 2023 EminiFX criminal trial date has been set.

Eddy Alexandre pleads not guilty to commodities & wire fraud

EminiFX founder Eddy Alexandre’s arraignment and pre-trial conference was held on June 16th. Alexandre pled not guilty to one count of commodities fraud and one count of wire fraud.

Eddy Alexandre consents to EminiFX preliminary injunction

The CFTC has secured a preliminary injunction agreement with EminiFX owner Eddy Alexandre. The proposed injunction, which awaits approval from the court, was filed on June 14th.

Receiver finds EminiFX had no legitimate business operations

Since taking over EminiFX’s business operations on May 11th, the Temporary Receiver hasn’t found any legitimate underlying business operations.