CFTC secures $288 million judgment against EminiFX over crypto Ponzi scheme

A federal court has ordered Eddy Alexandre and EminiFX to pay over $288 million, capping a civil case that began in 2022 A federal court has ordered Eddy Alexandre and his company, EminiFX, to pay more than $288 million for running a Ponzi scheme. The Commodity Futures Trading Commission (CFTC) brought the case. In August 2025, the court granted the CFTC summary judgment. That ruling awarded $228.58 million in restitution and $15.05 million in disgorgement. On October 8, 2026, a final judgment added a $45.15 million civil monetary penalty. US District Judge Valerie Caproni also imposed permanent bans on Alexandre and EminiFX. Neither can engage in commodities fraud or related activities going forward. EminiFX ran from September 2021 to May 2022.

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