On Thursday, the FBI arrested and charged fifty-year-old Eddie Alexander with $ 59 million in fraud. Between September 2021 and May 2022, he fraudulently induced hundreds of investors to make contributions to his EminiFX trading platform.
U.S. Attorney Damian Williams said in the indictment: «Eddie Alexander fraudulently induced customers to invest more than $ 59 million in his EminiFx platform by promising huge passive profits.»
FBI Assistant Acting Director Michael J. Driscoll added that «Alexander extorted millions of dollars from unsuspecting investors, to whom he 'guaranteed' weekly returns of 5% through his trading platform, through the use of new technology that he refused to disclose.» The prosecutor claims that no such technology ever existed.
The prosecution claims that Alexander invested only a small part of the funds he received, and that he transferred the rest to his accounts and spent it on luxury goods. Taking into account all the evidence and the information received, the court may sentence Eddie Alexander to up to 30 years in prison.
