Subsequent to the shutdown of the EminiFX claimant portal, receivers have authenticated 110,318 fiscal transactions from upwards of 30,000 claimants.
These authenticated dealings amount to approximately $229 million in validated funds invested and nearly $30 million in acknowledged withdrawals.
A bit more than 5000 investors in EminiFX have put forward disputes pertaining to transactions, or dealings that could not be validated.
As of April 2024, the assets in the control of the EminiFX Receivership total just shy of $154 million.
In regard to compensation for EminiFX sufferers with sanctioned claims, the Receiver has stated:
The Receiver projects to utilize the subsequent two quarters to wrap up the review of user and non-user claims, to devise and refine a scheme for distribution, to settle the issues concerning the Alexandre Assets account, to attempt settling as much of the tax situation as viable, and to persist in probing any claims from third parties.
Throughout this process, the Receiver and his cohort aim to work diligently towards a meaningful provisional reimbursement as expeditiously as feasible.
EminiFX was indicted as a multimillion-dollar cryptocurrency Ponzi scheme operating under the guise of an MLM enterprise. Eddy Alexandre, its creator and chief executive, was apprehended in May 2022.
After entering a plea of guilt in February 2023, Alexandre received a prison sentence of nine years in July 2023.
The verdict of the civil legal actions brought against Alexandre by the CFTC in 2022 is still to be determined.