EminiFX CEO Arrested for Fraud and Solicitation Worth Millions

EminiFX CEO Arrested for Fraud and Solicitation Worth Millions

United States authorities have cough up with the schemes of one Eddy Alexander who was charged with one count of commodities fraud and one charge of bank fraud. Eddy, who was arrested this Thursday, had committed financial crimes via his crypto and FX platform EminiFX.

Alexander started operating the fraud on September 2021 and continued up until his arrest. Through a crafty marketing campaign – promoting his platform as a passive income generator by means of automated FX and crypto investments – Eddy was able to solicit hundreds of users out of more than $59 million.

Eddy made false promises of a 5% ROI on a weekly basis that eventially double the clients’ investments. The perp used the old “secret” to produce these net incomes; when in reality there was no secret sauce.

Alexander had not even invested the entire capital that investors had deposited, even losing at some point $6 million of the funds he did manage to invest. Some $14.7 million were misappropriated and ended up in his personal account.

None of the loses or embezzled funds were revealed to his investors. Instead, he prolonged his lies even longer, producing false 5%-weekly-return reports, and promising eventual withdrawals and re-investment opportunities- these never happened.

Currently, Eddy faces up to 30 years of jailtime.

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