Charged With Crypto Fraud Alexandre Gets Aug 3 Date in Criminal Case, CFTC Consent Order - Financial Daily News Site

Charged With Crypto Fraud Alexandre Gets Aug 3 Date in Criminal Case, CFTC Consent Order

Charged With
Crypto Fraud Alexandre Gets Aug 3 Date in
Criminal Case, CFTC Consent Order

By Matthew
Russell Lee,
Patreon Maxwell

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Vlog

GuardianHonduras
ESPN
NY

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COURTROOM
EXCLUSIVE, June 17 – Eddy
Alexandre, charged with
commodities fraud in
connection with a purported
cryptocurrency and forex
trading platform named
EminiFX, was ordered released
on $3 million bond on May 12.

He would be
required to hire his own guard
for home incarceration in
Valley Stream, NY – and not
pay the guard with the crypto
funds.

  The bail
decision was reached by U.S.
District Court for the
Southern District of New York
Magistrate Judge Katharine H.
Parker in an hour-long
proceeding on the afternoon of
May 12. Inner City Press was
the only media there, and live
tweeted it here



and below.

Jump cut to June
14, when Alexandre was
arraigned. Inner City Press
again went. The court room was
full (of supporters), but
little to no media. Inner City
Press live tweeted here:

Now at
arraignment of Eddy Alexandre,
out on $3M bail with former
SDNY prosecutor Emil Bove as
his lawyer.

 Judge
Cronan: I was Mr Bove’s
supervisor. [Gives 2 weeks to
object. Courtroom jammed;
there’s a T-shirt “We Support
Our CEO”]

Alexandre: Not
guilty.

Judge Cronan: Mr
Bove, are there any conditions
I should loosen?

Bove: I’ll deal
with Pre-Trial Services

AUSA Folly:
Defendant ran EminiFX – 
a Ponzi. We have video.

Judge Cronan:
What about the CFTC case? AUSA
Folly: Let Mr Bove answer.

Bove: There’s a
consent preliminary injunction
pending…

More on Patreon here. And vlog here.

By June 17, no
longer just pending: ” ORDER
REQUIRING TURNOVER OF DEPOSIT
TO RECEIVER: On June 16, 2022,
this Court entered the Consent
Preliminary Injunction in this
case (Dkt.56) and, by Memo
Endorsed Order (Dkt. 55),
overruled the objection of
non-parties Christopher Beil
and Maureen Beil (the
“Sellers”). Pursuant to a
certain contract of sale dated
as of April 11, 2022 (the
“Contract”) for the sale by
Sellers to Purchaser (as
defined therein) of 525
Manhasset Woods Road,
Manhasset, New York 11030 (the
“Property”), $535,000 was
deposited (the “Deposit”) into
the escrow account of Sellers’
counsel, Kirschenbaum &
Kirschenbaum, P.C.
(“Escrowee”). David Castleman,
the court-appointed receiver
(the “Receiver”) over
Defendant EminiFX, Inc.
(“EminiFX”) and assets of
Defendant Eddy Alexandre
(“Alexandre”) traceable to
customer funds, has stated a
good faith belief that the
Deposit is traceable to
EminiFX customer funds, and
provided the Court with
justification for his belief,
pursuant to paragraph 38 of
the Consent Preliminary
Injunction. The Escrowee shall
turn over the Deposit to the
Receiver within 3 business
days from entry of this Order.
Sellers’ may make a claim in
the normal claim process to be
established by the Receiver
with the approval of the Court
at a later date, subject to
the Receiver’s right to review
and object to such claim as
part of the approved claims
process. The Receiver shall
hold the Deposit in the
Alexandre Assets account
pursuant to paragraph 38 of
the Consent Preliminary
Injunction. IT IS SO ORDERED.
(Signed by Judge Valerie E.
Caproni on 6/17/2022).”

From May 12:
AUSA: Defendant is not a US
citizen. There’s $55 million
missing. Judge: I read he
worked at HBO. AUSA: Yes. In
the past. Now he might flee to
Hsiti.

AUSA: He founded
an investment platform,
offering 5% week returns. [He
is in a crisp white shirt and
glasses. He was arrested at 6
am this morning.]

 AUSA: He
used investors’ funds to buy
himself $150,000 BMW. He gave
some to charity. [Inner City
Press just found online the
defendant’s social media
promoting Partners in Health
in Haiti]. Federal Defender:
We offer a relative’s $600,000
home.

 FD: He has
a civil case against him too.
He needs to be out on bond.
They speak of $114 million.
But what they seized is all he
has. He cannot now buy a
private jet.

 [Inner City
Press finds that this crypto
defendant is followed on
social medis by Laurent
Lamothe.]

AUSA: There are
millions unaccounted for. The
State Department says we could
not get him back from Haiti
via extradition.

Judge: The weight
of the evidence is strong.
Cybersecurity was one of your
jobs. But I am going to
release you.  Judge
Parker: Eddy Alexandre, you
will be released on $3 million
bond, 5 co-signers, 2
properties & BMW. Home
incarceration and yiu must pay
for a guard. [Echo of UN
briber Ng Lap Seng]

AUSA: Please
specify he can’t use the
crypto funds to pay for the
guard. FD: He needs permission
to manage his investment
properties.

 Judge
Parker: Let him call his wife,
from the Federal Defender’s
phone. Adjourned.

  Alexandre
then sat at defense table
speaking into his Federal
Defender’s cell phone until
the Marshals put handcuffs on
him and took him away.

More (bonus) on
Patreon
here.

The case is US v. Alexandre, 22-cr-326
(Cronan)

***

@SDNYLIVE courthouse #CourtCastCast
                              200 Worth Street
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Tags: #Charged #Crypto #Fraud #Alexandre #Aug #Date #Criminal #Case #CFTC #Consent #Order

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