There has been an important update from the receiver of EminiFX regarding an initial distribution of funds to those affected by the scam.
David A. Castleman, the Court-appointed receiver over EminiFX, Inc.and certain assets of Defendant Eddy Alexandre, on January 23, 2025, filed a notice of initial distribution.
The total budget for the initial distribution is approximately $100 million, which is a majority of the $152 million currently held in the receivership.
The primary reason for holding the remaining Receivership Assets is the need to reserve conservatively for the reasonable worst-case tax liabilities for both EminiFX, Inc. (pre-receivership) and the Qualified Settlement Fund (post-receivership).
The people and entities eligible for payment are around 30,000.
