Eddy Alexandre attends the Magstar Funding 3rd Annual Dinner Gala at Woodbury Country Club on January 29, 2009 in Woodbury, New York. (Photo by Gary Gershoff/WireImage)

Overview:

Eddy Alexandre, accused of a multimillion-dollar crypto scam, makes a key change in his defense strategy, weeks before his trial is set to begin.

NEW YORK — Eddy Alexandre, the Long Island Haitian man accused of bilking at least $59 million through his cryptocurrency trading platform Eminifix, will change his plea during a court appearance Feb. 10. The change comes just weeks before his trial is set to begin, according to court documents

Alexandre, of Valley Stream, was arrested on criminal charges of commodities fraud and wire fraud in May 2022. He also faces six civil charges under the Commodities Exchange Act, according to court records, in a joint investigation conducted by the FBI and Commodities Futures Trading Commission (CFTC).

In June 2022, Alexandre pleaded not guilty to the two criminal charges for which he was indicted. 

It is not yet clear whether Alexandre, who has been under house arrest since the arrest, will now plead guilty to one or both charges at Friday’s hearing. Or, if it will be in connection to the CFTC charges.

The plea hearing is scheduled to take place at 3 p.m. on Friday at a federal courthouse in Manhattan.

“We’re going to protest,” said Frantz Victorin, 52, a Boston man who described himself as a lead supporter. “They arrest the CEO by mistake. It’s the government trying to scam the community. We realized that’s the scam itself to keep people from getting some good returns, some good dividends on their money.” 

Macollvie J. Neel, a writer and communications consultant, serves as executive editor of The Haitian Times. She is the founder of Comms Maven LLC, a consultancy that helps mission-driven professionals and organizations tell their stories in workplaces and media spaces.

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