Eddy Alexandre, the founder of the crypto investment platform EminiFX, has been sentenced for orchestrating a massive Ponzi scheme. A U.S. court ordered him to pay $228 million in restitution after deceiving thousands of investors with false promises of guaranteed profits. The scheme, which ran from September 2021 to May 2022, pulled in over $248 million from more than 25,000 victims, many of whom were from Haitian-American and other immigrant communities. Alexandre falsely claimed the platform used automated trading bots for high returns (at least 5%) while secretly diverting investor funds for his personal expenses like luxury cars and extravagant purchases. This case highlights how crypto hype can be exploited to deceive unsuspecting investors.