Tag: civil_monetary_penalty
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CFTC Wins $288 Million Judgment Against Long Island Ponzi Scheme Operator
A federal court ordered Eddy Alexandre and his firm EminiFX Inc. to pay over $288 million for running a commodity pool Ponzi scheme, the CFTC announced.
Law EnforcementBusinessLegalFinancial MarketsFederal Government Commodity Futures Trading CommissionEddy AlexandreEminiFX Inc.Ponzi schemecommodity poolU.S. District Court for the Southern District of New Yorkcivil monetary penalty