The CEO of EminyFX is scheduled to appear in a New York court on May 24.
Eddy Alexandre was arrested on May 12 by agents of the Federal Bureau of Investigation (FBI). He is accused by the federal government of having developed and participated in a fraudulent scheme involving more than $59 million.
According to the FBI’s complaint, Eddy Alexandre “allegedly obtained, from September 2021 through May 2022, more than $59 million in investments from hundreds of individual investors through the website eminifx.com, guaranteeing that their money would be doubled in five months by earning weekly returns of 5% to 9.99% on their investment.”
FBI investigators believe that Alexandre’s claims of promised weekly profits were false and EminiFX had not returned any profits to its investors. The government also accused Alexander of failing to obtain the necessary training for these types of activities.
These accusations are rejected by EminiFX members who question the FBI’s true motives. Out of more than 60,000 active members of the company, not a single participant has filed a complaint against EminiFX, said a member of the company’s management who requested anonymity. The only registered complaint against EminiFX was filed by the Bank of America, which had reported “suspicious activities”, he added.
EMiniFX’s premises in New York have been sealed. Its assets have also been frozen by the Fed.
Investors members of EminiFX and the Haitian community are announcing a demonstration in front of the court where Eddy Alexandre is to appear on May 24 to denounce the arrest of the CEO of EminiFX.
Eddy Alexandre was released last week after posting $3 million bail.
If convicted, Eddy Alexandre, 50, could face up to 30 years in prison, the U.S. Department of Justice said. But if he is found innocent, Mr. Alexandre will be able to sue the government and Bank of America for damaging his reputation and business.