Many say Eddy Alexandre's EminiFX has changed their lives.
Along the way, the government alleges, Alexandre dipped into the giant trough to treat himself to a new BMW and other luxuries.Hunting for returns
Ponzi schemes, in which funds from later investors are used to pay earlier ones, can go undetected for years before imploding. The Ponzi-like fraud the government alleges lasted only about nine months, during which Francois said she was able to make withdrawals. “After his arrest, everybody is struggling,” said Ricardo, an EminiFX investor from Pennsylvania who declined to give his last name. He said some clients had run into financial problems, including unpaid medical bills, because they couldn’t get at their money.
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