Crypto Fund Fraudster Gets Nine Years in $249 Million Scheme
- ‘The fraud was vast’ in Haitian-American community, judge says
- Alexandre rewarded old investors who brought in new ones
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The Long Island, New York, man who admitted swindling hundreds of millions of dollars from investors through his EminiFX cryptocurrency and foreign-exchange platform was sentenced to nine years in prison.
Eddy Alexandre, who lives in Valley Stream, was sentenced Tuesday by US District Judge John Cronan in Manhattan. Alexandre pleaded guilty in February to commodities fraud and agreed to forfeit $248.8 million he earned illegally through his Ponzi scheme targeting mostly investors in the Haitian-American community in New York.