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.

The DOJ alleges EminiFX was a $59 million dollar fraudulent investment scheme.

If Alexandre goes to trial and is convicted, he’s facing up to thirty years in prison.

Looking forward, a Status Conference has been scheduled for August 3rd.

In parallel civil proceedings initiated by the CFTC, Alexandre recently consented to a preliminary injunction pursuant to related conduct.