Security· ★★★· neutral·

CFTC wins $288M judgment against EminiFX in Ponzi scheme case

  • —The scheme ran from September 2021 to May 2022 and drew more than 25,000 investors
  • —EminiFX promised weekly returns of 5% to 9.99%, while actual trading lost over $49 million
  • —Alexandre diverted at least $15 million for personal spending, including luxury vehicles
  • —The receiver had returned about $98.2 million to victims by mid-2026, with another distribution expected in 2027
Why it matters: The case underscores the CFTC's aggressive pursuit of crypto and commodity Ponzi schemes, though victim recovery will take years.
Source: Crypto Briefing
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