- Feb 5, 2002
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A former Seventh-day Adventist Church deacon who was sentenced to nine years in prison in 2023 for fleecing more than 30,000 mostly Christian investors out of nearly $250 million in a cryptocurrency scam, has been ordered to pay back more than $228 million in restitution by a federal judge in New York.
The former deacon, Eddy Alexandre, 53, who founded the now-defunct crypto platform EminiFX, is the son of a pastor and had served as deacon at Maranatha French Speaking Seventh-day Adventist Church in Jamaica, Queens, according to The Haitian Times.
Most of his victims were reportedly Haitian immigrants he accessed through the Haitian Adventist Church network. He promised them at least a 5% weekly return on their investment using fake artificial-intelligence trading technology. In reality, Alexandre invested a large share of the money he collected in Bitcoin, which fell some 26% during the period he was operating the scam, from September 2021 through May 2022. He also splurged on a $4.8 million Long Island home, acquire 46 foreclosed properties, leased six cars, and sent some $15 million of investor funds into his personal bank account.
Continued below.
www.christianpost.com
The former deacon, Eddy Alexandre, 53, who founded the now-defunct crypto platform EminiFX, is the son of a pastor and had served as deacon at Maranatha French Speaking Seventh-day Adventist Church in Jamaica, Queens, according to The Haitian Times.
Most of his victims were reportedly Haitian immigrants he accessed through the Haitian Adventist Church network. He promised them at least a 5% weekly return on their investment using fake artificial-intelligence trading technology. In reality, Alexandre invested a large share of the money he collected in Bitcoin, which fell some 26% during the period he was operating the scam, from September 2021 through May 2022. He also splurged on a $4.8 million Long Island home, acquire 46 foreclosed properties, leased six cars, and sent some $15 million of investor funds into his personal bank account.
Continued below.
Ex-deacon ordered to repay $228M in restitution fleeced from believers in cryptocurrency scam
A former Seventh-day Adventist Church deacon who was sentenced to nine years in prison in 2023 for fleecing more than 30,000 mostly Christian investors out of nearly 250 million in a cryptocurrency
www.christianpost.com
