Operator Fine Commodity Futures Trading Commission (CFTC)· United States · 2026-10-19

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

→ EminiFX Inc.

The U.S. District Court for the Southern District of New York granted the CFTC's motions for summary judgment, injunctive relief, and a civil monetary penalty against Eddy Alexandre and EminiFX Inc., ordering payment of restitution, disgorgement (offset by restitution), and a penalty totaling over $288 million. The orders require $228,576,962 in restitution, disgorgement of $15,049,500 (offset by restitution), and a $45,148,500 penalty; a court-appointed receiver has returned over $98 million to investors as of July 2026.

Amount (EUR)

€264,624,000

Original currency

USD 288,774,962

Action date

2026-10-19

Authority

Commodity Futures Trading Commission (CFTC)

Country

United States

Classification confidence

Primary source:
https://www.cftc.gov/PressRoom/PressReleases/9311-26 ↗

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