| Charged With
Crypto Fraud Alexandre Trial Is March 27
Now Investor Letters Not Docketed
By Matthew
Russell Lee, Patreon Maxwell
Book
Vlog
- Guardian - Honduras
- ESPN
NY
Mag
COURTROOM
EXCLUSIVE, August 17 – Eddy
Alexandre, charged with
commodities fraud in
connection with a purported
cryptocurrency and forex
trading platform named
EminiFX, was ordered released
on $3 million bond on May 12.
He would be
required to hire his own guard
for home incarceration in
Valley Stream, NY - and not
pay the guard with the crypto
funds.
The bail
decision was reached by U.S.
District Court for the
Southern District of New York
Magistrate Judge Katharine H.
Parker in an hour-long
proceeding on the afternoon of
May 12. Inner City Press was
the only media there, and live
tweeted it here
and below.
Then was June 14,
when Alexandre was arraigned.
Inner City Press again went.
The court room was full (of
supporters), but little to no
media. Inner City Press live
tweeted here
and below.
On August 3, with
two overflow courtrooms, more
Alexandre and EminiFX
supporters / investors, a
Curcio hearing and March 27
trial date. Inner City Press
exclusively live tweeted here
and below.
On August 5, in
the parallel CFTC case, Judge
Valerie E. Caproni approved
the receivers request for
nearly $1 million, a request
which included: "Long Island
Real Estate Portfolio. Soon
after the start of the
receivership, the Receiver
discovered that EminiFX had
entered into 46 separate
contracts to purchase
residential properties in Long
Island out of foreclosure,
each in a separate New York
state court action with a
separate court-appointed
referee overseeing the sale.
EminiFX also entered into two
separate real estate contracts
outside of foreclosure. In
addition, Alexandre entered
into a separate contract for a
property using $535,000 in
funds traceable to EminiFX
customers as a deposit. The
total deposits on all
properties totaled over $3
million, and the Receiver and
his team at Raines Feldman and
FDT have been working to
recover as much as possible.
The total amount recovered to
date on the EminiFX contracts
for purchase is $575,200. This
amount plus the court-ordered
turnover of the $535,000
deposit for the Alexandre
contract for purchase brings
the total recovery to over
$1.1 million. The Receiver and
FDT are working to recover the
remaining deposits." Full
letter on Patreon here.
On August 9, an
investor submitted a "LETTER
addressed to Judge Valerie E.
Caproni from C. Poulard, dated
8/8/22 re: "EMERGENCY REQUEST
TO RECONSIDER THE APPROVAL FOR
PAYMENT OF FEES & EXPENSES
- MAY/JUNE 2022"- I am
requesting that you reconsider
the approval of the request
and grant me fourteen days to
produce cause for my
opposition to the request made
by the receiver...
Document filed by Chantale
Poulard, a non-party investor
of EMINIFX, INC." Full letter
on Patreon here.
On August 12,
Judge Caproni rejected the
investor's letter and had it
stricken from the docket in
the case: " IT IS HEREBY
ORDERED that the Clerk of
Court is respectfully directed
to strike the investors’
letters filed at Dkt. 93–104.
A party may obtain relief on a
motion for reconsideration
only - full on Patreon here.
There followed
more letters, then on August
17, this: "MEMO ENDORSEMENT on
re: [146] Letter. ENDORSEMENT:
Pursuant to the Court's August
12, 2022, Order, Dkt. 106, the
Clerk of Court is respectfully
directed to strike the pro se
requests for reconsideration
from the docket at docket
entries 93, 105, and 108-146.
The Pro Se Department is
respectfully directed to
refrain from docketing any
further form letters from pro
se nonparties seeking
reconsideration of the Court's
order granting the Receiver's
request for fees without
approval from Chambers. SO
ORDERED. (Signed by Judge
Valerie E. Caproni on
8/17/2022)." Sample form
letter and order on Patreon here.
More on Patreon here. And vlog here.
More (bonus) on
Patreon
here.
The civil case is
Commodity Futures Trading
Commission v. Alexandre, et
al., 22-cv-3822
(Caproni)
The criminal case is US v. Alexandre,
22-cr-326
(Cronan)
***
Your support means a lot. As little as $5 a
month helps keep us going and grants you
access to exclusive bonus material on our
Patreon page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2022 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
