Eddy Alexandre Receives Nine-Year Prison Sentence for Cryptocurrency Fraud
– Eddy Alexandre, a resident of Valley Stream, New York, has been sentenced to nine years in prison for engaging in commodities fraud.
– Alexandre swindled $248 million from over 25,000 investors through his cryptocurrency trading platform, EminiFX.
– He used some of the funds to purchase luxurious items for himself, including expensive cars.
– Alexandre led EminiFX between September 2021 and May 2022, promising clients high investment returns through special technology.
– He falsely represented returns on the website to make the platform seem legitimate, while pocketing most of the funds.
Brandon and Eugene Austin Also Face Prison Time for Crypto Scam
– Brandon and Eugene Austin were arrested for conning crypto investors and embezzling millions of dollars.
– They promised great returns to investors but instead stole the money for themselves, using it to fund a lavish lifestyle.
– The father-son duo now face up to 20 years in prison on charges of money laundering and wire fraud.
– Brandon has pleaded guilty and will forfeit $3.4 million, with his sentence expected to be announced on September 6.