EminiFX: October 2026 orders require $228.6 million in restitution
The CFTC reports restitution, penalties and a July 2026 distribution snapshot, each measuring a different part of the case.
- Cited claims
- 2
- Source records
- 2
- Edition revision
- 2
In this investigation
The October 2026 orders
The CFTC reported on 19 October 2026 that federal court orders require Eddy Alexandre and EminiFX to pay $228,576,962 in restitution and a $45,148,500 penalty. Disgorgement of $15,049,500 is offset by restitution payments, so it should not be counted twice as an additional recovery. The agency also reported that more than $98 million had been returned to over 28,000 investors as of July 2026. That dated distribution snapshot is separate from the amounts ordered.
The decision in the archive
DOJ announced on 18 July 2023 that EminiFX founder Eddy Alexandre was sentenced to nine years in prison for commodities fraud. The announcement said the platform solicited more than $248 million from over 25,000 investors. The case concerned representations about a purported cryptocurrency and foreign-exchange investment business.
The weekly figures
The record describes promises of at least 5% weekly returns and a claim that a secret Robo-Advisor Assisted account could double investors' money within five months. The platform's website displayed weekly gains that were not actually earned. DOJ said a substantial portion of the entrusted funds was not invested, while the limited trading that occurred incurred undisclosed losses.
Money moved outside the promised strategy
According to the announcement, approximately $14.7 million was directed to Alexandre's personal bank account. The sentence also included separate forfeiture and restitution obligations. These figures should be read with their labels intact: an amount solicited, an amount diverted and an amount ordered as restitution are not interchangeable measures of loss or compensation.
Sources, dates and limits
Checked 23 October 2026. The new CFTC account reports contributions exceeding $262 million and net losses exceeding $49 million, quantities that differ from the earlier DOJ case summary. The July distribution figure is not presented as an October total or a promise to a particular claimant.
Evidence & sources
- Adjudicated finding
The July 2023 DOJ record reports Eddy Alexandre's nine-year sentence and describes fabricated weekly EminiFX returns and diversion of investor money.
Supporting excerpt: CEO Of Cryptocurrency And Forex Trading Platform Sentenced To Nine Years In Prison For $240 Million Scheme To Defraud Investors
nine years in prison
CEO Of Cryptocurrency And Forex Trading Platform Sentenced To Nine Years In Prison For $240 Million Scheme To Defraud Investors ↗ - Adjudicated finding
The CFTC reported on 19 October 2026 that federal court orders require Eddy Alexandre and EminiFX to pay $228,576,962 in restitution and a $45,148,500 penalty. Disgorgement of $15,049,500 is offset by restitution payments, so it should not be counted twice as an additional recovery. The agency also reported that more than $98 million had been returned to over 28,000 investors as of July 2026. That dated distribution snapshot is separate from the amounts ordered.
Supporting excerpt: CFTC Secures Federal Court Orders Requiring Former Long Island Resident and His Firm to Pay Over $288 Million for Operating a Commodity Pool Ponzi Scheme | CFTC
$228,576,962 in restitution
CFTC Secures Federal Court Orders Requiring Former Long Island Resident and His Firm to Pay Over $288 Million for Operating a Commodity Pool Ponzi Scheme | CFTC ↗
