Judge Orders $228 Million in Restitution from EminiFX Founder After Ponzi Scheme Collapse

The US Commodity Futures Trading Commission (CFTC) obtained a court order requiring Alexandre, the founder of the now-defunct trading platform EminiFX, to pay a total of $228.57 million in restitution and disgorgement following its guilty plea in a related criminal case. This follows a summary judgment by District Judge Valerie Caproni, holding both Alexandre and his company jointly liable for these funds.