EminiFX victims have until December 18th. 2023 to file claims through a portal set up by the Receivership.

The portal can be accessed through the
EminiFX Receivership’s website
.

The bar date was revealed in a Third Quarter Status Report, filed by the EminiFX Receiver on October 27th.

The EminiFX portal went live on September 12th. Since then ~12,000 users have interacted with it, verifying over $126 million in EminiFX deposits (approx 44% of total transactions within the Ponzi scheme).

As of the end of Q3 2023, the Receiver is sitting on $154 million in recovered funds.

The Receiver notes that interest income continues to cover expenses, and that the $154.2 million in cash under management exceeds the $151.3 million in turned over assets (cash plus liquidation value) by nearly $3 million.

Further recovery via litigation against third-parties continues to be explored.

Looking forward, after the December 18th claim deadline passes and while unresolved claims continue to be dealt with, the Receivership will eventually propose a “distribution plan for court approval”.

EminiFX
was a $260 million “forex trading” ruse MLM Ponzi scheme run by Eddy Alexandre.

After
pleading guilty to a fraud charge
back in February, Alexandre was
sentenced to 9 years in prison
in July.

Update 2nd February 2024 – 
As per an “important update” on the EminiFX Receivership website, the claims deadline has been extended to February 26th.

🤖 Quick Answer

What is the deadline for EminiFX victims to file claims?
EminiFX victims must file claims through the Receivership portal by December 18th, 2023. This deadline was established in the Third Quarter Status Report filed by the EminiFX Receiver on October 27th. The portal became operational on September 12th.

How much have EminiFX victims recovered so far?
As of the end of Q3 2023, the EminiFX Receiver has recovered $154 million in funds. Approximately 12,000 users have verified over $126 million in deposits through the portal, representing approximately 44% of total transactions within the scheme.

How is the EminiFX Receivership funding its operations?
The EminiFX Receiver reports that interest income continues to cover operational expenses. The $154.2 million in cash under management exceeds

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