CEO of crypto, forex site pleads guilty in US$248m fraud case ...Middle East

WASHINGTON: The CEO of cryptocurrency and foreign exchange site EminiFX, Eddy Alexandre, pleaded guilty in a US$248 million investor fraud case, reported Sputnik quoting a statement from the US Justice Department.Alexandre solicited more than US$248 million in investments from tens of thousands of investors after making false representations in connection with EminiFX, the Justice Department said on Friday.“Eddy Alexandre admitted today to luring investors to his cryptocurrency investment scam by fabricating weekly returns of at least 5 per cent. In reality, Alexandre failed to invest a substantial portion of this investors’ money and even used some funds for personal purchases. Alexandre’s

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Last updated : 11 February 2023 clock 06:48 AM

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CEO of crypto, forex site pleads guilty in US$248m fraud case ...Middle East

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