Judge Valerie E. Caproni of the New York Southern District Court has signed an order granting a motion by EminiFX receiver compelling Eddy Alexandre to turn over information and assets.

Specifically, the Receiver has discovered (1) two luxury watches purchased by Alexandre with EminiFX deposits for $509,986.00, (2) $5 million in cash that was deposited in person by EminiFX users and is not accounted for in any of the accounts that Alexandre disclosed to the Receiver, as well as (3) evidence of a currency fraud that took place within EminiFX.

Under the Court’s order issued on August 19, 2025, Alexandre is directed to immediately provide to the Receiver (1) the passwords and any other necessary credentials to enable the Receiver to access the Laptop and Alexander’s Gmail account; (2) the Audemars Piguet Royal Oak 41 mm Chronograph Black Men’s watch and a the Philippe Rose Gold Nautilus watch; (3) any relevant information pertaining to the missing cash balances, and the alleged currency fraud; and (4) any other assets or information subject to turnover pursuant to the Consent Order.

Mr. Alexandre was warned that failure to comply with this Order could result in him being held in civil contempt.

Punishment for civil contempt can include incarceration. If that were to happen, any period of imprisonment served under civil contempt would not count towards his criminal sentence.

The Receiver was ordered to propose to the Court a more rigorous process for protecting privileged materials prior to reviewing the contents of the Laptop or Gmail account.

The CFTC launched this case on May 11, 2022, alleging various violations of the Commodity Exchange Act (CEA). The CFTC alleged that the Defendants engaged in fraud with respect to the sale of commodities futures and forex trades, that Defendants used manipulative devices in furtherance of the fraud, that EminiFX failed to register as a commodity pool operator (CPO), and that Alexandre failed to register as an associated person (AP) of a CPO.

The following day, Mr. Alexandre was arrested.