EminiFX
A self-described 'investment club' led by Eddy Alexandre claiming a secret bot produced 5–9.99% weekly returns. DOJ/CFTC said it was a Ponzi/MLM that mainly targeted the Haitian-American community; ~25,000 investors put in ~$250M. Alexandre got 9 years.
Also known as: EminiFX, Eddy Alexandre
Summary
EminiFX was a self-described "investment club" led by Eddy Alexandre that claimed a secret robot-assisted trading platform produced weekly returns of 5%–9.99%. The DOJ and CFTC said it was a Ponzi/MLM scheme that mainly targeted the Haitian-American community. [1][2]
Scale and outcome
Over roughly eight months (2021–2022), about 25,000 investors put in nearly $250 million; Alexandre showed fictitious returns on an app and used investor money for payouts and personal purchases. He pleaded guilty to commodities fraud, agreed to forfeit about $248.8 million, and in July 2023 was sentenced to nine years in prison and ordered to pay roughly $214 million in restitution. A court-appointed receiver has recovered $150M+. [1][2][3]
Bracketed numbers refer to the numbered sources listed below.
Sources (3)
- Alexandre sentenced to 9 years in EminiFX Ponzi scheme — The Haitian Times
- Crypto Fund Fraudster Gets Nine Years in $249 Million Scheme — Bloomberg / Hindustan Times
- EminiFX receivership — distribution opinion and order — U.S. District Court (SDNY)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
This page was last updated on Jun 15, 2026. View revision history.
