Eddy Alexandre
Founder and CEO of EminiFX, a purported crypto and forex 'Robo-Advisor' platform. He pleaded guilty to commodities fraud over a scheme that took more than $248M from 25,000+ investors and was sentenced in 2023 to nine years in prison.
Also known as: Eddy Alexandre
Bio
Eddy Alexandre founded and led EminiFX, which he marketed from September 2021 as an automated crypto and forex investment platform promising at least 5% guaranteed weekly returns via a secret "Robo-Advisor" technology. According to the SDNY, he solicited more than $248 million from over 25,000 investors while the weekly "returns" shown on the site were fabricated. [1][2]
Legal outcome
Alexandre pleaded guilty to commodities fraud in February 2023 and, in July 2023, was sentenced to nine years in prison plus three years of supervised release, and ordered to pay roughly $249 million in forfeiture and $214 million in restitution. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
- CEO of Cryptocurrency and Forex Trading Platform Sentenced to Nine Years for $240 Million Scheme — U.S. DOJ
- Eddy Alexandre, CEO of EminiFX, Sentenced to Nine Years — SECLaw (DOJ release summary)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
Evolved Apes (NFT)ProjectsAn NFT collection launched on OpenSea in September 2021 that promised a fighting game. About a week later its anonymous developer 'Evil Ape' vanished with 798 ETH (~$2.7M). In June 2024 U.S. prosecutors charged three U.K. nationals over the scheme.
This page was last updated on Jun 15, 2026. View revision history.