EminiFX and founder Eddie Alexandre have had a $243 million summary judgment ordered against them.
The CFTC filed for summary judgment against EminiFX and Alexandre in September 2024.
Specifically, EminiFX and Alexandre are up for $228,576,962 in restitution. Alexandre will also additionally pay $15,049,500 in disgorgement, offset by restitution payments.
The CFTC’s motion followed Alexandre
pleading guilty
in parallel criminal proceedings (Feb 2023), being
sentenced to nine years in prison
(July 2023), and ordered to
pay $213 million in restitution
(August 2023).
In handing down summary judgement, the court noted Alexandre’s objections were “incomprehensible”.
The sole argument Alexandre presents as to why the proposed restitution and disgorgement amounts are unreliable is that the Receiver did not rely on Generally Accepted Accounting Principles (“GAAP”) to calculate them.
This objection is incomprehensible.
Alexandre provides no explanation as to how GAAP would even apply to the Receiver’s analysis, why GAAP would be preferable in this context to straightforward arithmetic, or how using GAAP would alter the loss amounts calculated by the Receiver.
Accordingly, the amounts calculated by Receiver and proposed as restitution and disgorgement by the CFTC are appropriate.
EminiFX
was a Ponzi scheme that defrauded consumers out of over $262 million.
As of May 2023, the court-appointed EminiFX Receiver had
recovered $173 million
. $87.8 million had been
paid back to EminiFX victims
via initial distributions as of August 2025.
🤖 Quick Answer
What was the total summary judgment amount ordered against EminiFX and Eddie Alexandre in the CFTC case?The U.S. Commodity Futures Trading Commission obtained a $243 million summary judgment against EminiFX and its founder Eddie Alexandre. This comprised $228,576,962 in restitution ordered against both defendants, plus $15,049,500 in disgorgement assessed solely against Alexandre, offset by restitution payments made.
Who is Eddie Alexandre and what fraudulent scheme did he operate through EminiFX?
Eddie Alexandre founded EminiFX, a cryptocurrency and forex investment platform that operated as a Ponzi scheme. The CFTC brought enforcement action alleging fraud and manipulation. Alexandre pleaded guilty in parallel federal criminal proceedings in February 2023 and was subsequently sentenced to nine years in federal prison.
**What was Eddie Alexandre's criminal sentence before the CFTC
📰 Aggiornamenti e Notizie Correlate
(aggiornato al 17/04/2026)1. FRAUD AND MANIPULATION—S.D.N.Y.: CFTC wins $228M judgment in major Ponzi scheme case - VitalLaw.com — Thu, 21 Aug 2025 03:52:32 GMT
Securities Regulation Daily Wrap Up, FRAUD AND MANIPULATION—S.D.N.Y.: CFTC wins $228M judgment in major Ponzi scheme case, (Aug 20, 2025) A federal court granted summary judgment to the CFTC, holding EminiFX and its owner liable for fraud, unregistered trading activities, and ordering $228.6 milli…
2. "Judge Shuts Down Crypto Fraud, Orders $228M Returned to Trust-Exploited Investors" - AInvest — Wed, 20 Aug 2025 10:26:50 GMT
- A U.S. judge ordered Eddy Alexandre and EminiFX to pay $228.5M in restitution for a crypto Ponzi scheme defrauding 25,000+ investors via fake 5-9.99% AI return promises. A federal judge in New York has ordered Eddy Alexandre and his company EminiFX to pay $228.5 million in restitution to victims o…3. Crypto Fraudster, Fund Liable for $229 Million in CFTC Suit - Bloomberg Law News — Wed, 20 Aug 2025 12:46:00 GMT
Securities Law Email Legal Reporter Eddy Alexandre and his cryptocurrency “investment club” were ordered to pay almost $229 in restitution for inducing investors into EminiFX Inc. Judge Valerie Caproni sided with the US Commodity Futures Trading Commission on Tuesday in the US District Court for the…4. AI for investors - MLQ.ai — Sat, 21 Feb 2026 17:25:47 GMT
Federal Judge Rejects Tesla's Challenge to $243 Million Autopilot Crash Verdict. A U.S. District Judge in Miami rejected Tesla's motion to overturn a $243 million jury verdict from an August 2025 fatal Autopilot crash[1]. The verdict included $43 million in compensatory damages and $200 millio…
5. FTC Updates (June 16 – 20, 2025) - retailconsumerproductslaw.com — Mon, 30 Jun 2025 13:25:47 GMT
FTC Updates (June 16 – 20, 2025) | Retail & Consumer Products Law Observer The agency is sending over $2 million in refunds to 39,500 consumers who were harmed by get-rich-quick kits and coaching programs as alleged in a 2009 lawsuit brought by the FTC against John Beck, John Alexander, Jeff Paul, G…6. FTC Consumer Protection Orders: The Case for a New Sunset Policy - Kelley Drye & Warren LLP — Sun, 01 Jun 2025 04:00:00 GMT
FTC Consumer Protection Orders: The Case… | Kelley Drye & Warren LLP 4. FTC Consumer Protection Orders: The Case for a New Sunset Policy FTC Consumer Protection Orders: The Case for a New Sunset Policy FTC consent orders generally bind businesses for 20 years (in the case of administrative orders) o…🔗 Related Articles
- Juan Herman cops $250,000 Traders Domain contempt fine
- Alex Santi facing third The Traders Domain contempt violations
- EminiFX investors flood CFTC docket with improper filings
- Eddy Alexandre’s initial court appearance and what’s next
- AffluentFX Network Review: Forex trading themed Ponzi
Eddie Alexandre