UPDATE: The Court has approved the Receiver’s schedule for the filing of a Proposed Plan of Distribution, which sets forth the process for making distributions and must be approved by the Court. This is a crucial step for the Receiver to make distributions to EminiFX Users as soon as practicable. The Receiver will file a Proposed Plan on August 9, 2024 with the Court, and will post that Proposed Plan on this website. Also on August 9, the Receiver will open the User Portal for comments on the Proposed Plan, and will have a special page on this website to explain the key elements of the Proposed Plan. The full schedule is:

• Aug 9       Receiver files Proposed Plan
• Aug 26     User responses to the Proposed Plan must be submitted on the User Portal
• Sept 10    User responses anonymized and submitted to the Court
• Sept 27    Proposed Plan will be fully briefed

The Receiver will hold a town hall on the evening of August 14 to discuss the Proposed Plan and answer preliminary questions about the process and next steps.

The filing of a Proposed Plan DOES NOT mean that distributions will commence on August 9. The Receiver expects to release Portal 2.0 in October 2024, which will update Users’ transaction logs with the results of his team’s review of the disputed transactions, and will allow Users to verify their payment information. More information will be provided to EminiFX Users about Portal 2.0 at that time.

Pursuant to an Order of the United States District Court for the Southern District of New York in the case captioned CFTC v. Eddy Alexandre and EminiFX, Inc., David Castleman has been appointed as Receiver over EminiFX, Inc.  The Receiver is an independent fiduciary and reports to the Court and not to the parties in the case.  The Receiver’s job is to preserve and administer the assets of EminiFX and other assets traceable to EminiFX customers.

The Receivership team will do its best to answer all emails and calls. Due to the high volume of inquiries, we encourage you to first review this website to see if your question may be addressed here. Please do NOT direct comments to the Court unless you have made a motion to intervene that has been granted [Dkt. 176], and DO NOT contact the Receiver or his law firm directly. A motion to intervene by certain claimants was denied by the Court on February 14, 2024 [Dkt. 256]. However, all claimants may continue to email EminiFX@stretto.com for any inquiries.

You may receive e-mails from Stretto from time to time.  These e-mails will contain important information, including advising Users how to access the portal to confirm or update their User transactions, as well as reminders of upcoming deadlines.  Please open and read these e-mails and follow any instructions.