Eddy Alexandre, CEO of cryptocurrency trading platform EminiFX, will admit to participating in a Ponzi scheme that allegedly defrauded investors of $59 million at a hearing to be held this Friday, US media Inner City Press reported. After Eddy Alexandre made false statements about the EminiFX platform from September 2021 to May 2022, he raised funds from hundreds of individual investors and defrauded up to $59 million. Technology guarantees a weekly rate of return of 5%, in fact Eddy Alexandre transfers most of the funds to personal accounts and buys luxury items. Eddy Alexandre was arrested last May and charged with wire fraud and merchandise fraud, which he initially pleaded not guilty to, Foresight News previously reported.