The CFTC announced civil summary-judgment orders against EminiFX and Eddy Alexandre on 19 October, including $228,576,962 in restitution and a $45,148,500 civil monetary penalty. The Southern District of New York orders also grant injunctive relief, according to the regulator’s account.[1]
Ordered amounts and money already returned
| Measure | Amount | Treatment |
|---|---|---|
| Restitution | $228,576,962 | Court-ordered obligationSource 1 |
| Disgorgement | $15,049,500 | Offset by restitution; not an additional duplicate recoverySource 1 |
| Civil monetary penalty | $45,148,500 | Separate sanctionSource 1 |
| Returned to investors by July 2026 | More than $98 million | Distributed to more than 28,000 investors; not the amount orderedSource 1 |
EminiFX solicited more than $262 million over roughly eight months while promising weekly returns of 5% to 9.99%, the CFTC says. Alexandre presented the business as using automated foreign-exchange and cryptocurrency trading technology. The regulator describes more than $49 million in net losses, including at least $15 million that Alexandre misappropriated. Those categories cannot be relabelled as losses generated entirely by trading.[1]
The civil outcome is separate from Alexandre’s earlier criminal case and nine-year prison sentence. It also differs from the receivership’s distribution progress: money ordered, money recovered and money actually returned to investors measure different stages. The July distribution figure does not establish that the restitution obligation has been satisfied.[1]
Sources & further reading
- CFTC Secures Federal Court Orders Requiring Former Long Island Resident and His Firm to Pay Over $288 Million Commodity Futures Trading Commission · 19 Oct 2026 · Accessed 26 Oct 2026