By Matthew Russell Lee, Patreon Maxwell Book
BBC-Guardian UK - Honduras - ESPN NY Mag
COURTROOM EXCLUSIVE, May 12 – Eddy Alexandre, charged with commodities fraud in connection with a purported cryptocurrency and forex trading platform named EminiFX, was ordered released on $3 million bond on May 12.
He will be required to hire his own guard for home incarceration in Valley Stream, NY - and not pay the guard with the crypto funds.
The bail decision was reached by U.S. District Court for the Southern District of New York Magistrate Judge Katharine H. Parker in an hour-long proceeding on the afternoon of May 12. Inner City Press was the only media there, and live tweeted it here
AUSA: Defendant is not a US citizen. There's $55 million missing. Judge: I read he worked at HBO. AUSA: Yes. In the past. Now he might flee to Hsiti.
AUSA: He founded an investment platform, offering 5% week returns. [He is in a crisp white shirt and glasses. He was arrested at 6 am this morning.]
AUSA: He used investors' funds to buy himself $150,000 BMW. He gave some to charity. [Inner City Press just found online the defendant's social media promoting Partners in Health in Haiti]. Federal Defender: We offer a relative's $600,000 home.
FD: He has a civil case against him too. He needs to be out on bond. They speak of $114 million. But what they seized is all he has. He cannot now buy a private jet.
[Inner City Press finds that this crypto defendant is followed on social medis by Laurent Lamothe.]
AUSA: There are millions unaccounted for. The State Department says we could not get him back from Haiti via extradition.
Judge: The weight of the evidence is strong. Cybersecurity was one of your jobs. But I am going to release you. Judge Parker: Eddy Alexandre, you will be released on $3 million bond, 5 co-signers, 2 properties & BMW. Home incarceration and yiu must pay for a guard. [Echo of UN briber Ng Lap Seng]
AUSA: Please specify he can't use the crypto funds to pay for the guard. FD: He needs permission to manage his investment properties.
Judge Parker: Let him call his wife, from the Federal Defender's phone. Adjourned.
Alexandre then sat at defense table speaking into his Federal Defender's cell phone until the Marshals put handcuffs on him and took him away.
More (bonus) on Patreon here.
The case is US v. Alexandre, 22-mj-4184 (Parker)
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