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United States CFTC Enforcement Financial Crime ✓ 18 claims 21 Oct 2026

CFTC wins $9.2m default judgment against Louisiana man over forex fraud scheme

A federal court in Louisiana has entered a default judgment closing out a CFTC retail forex fraud case that already produced a criminal conviction. The segment covers what the court found, the penalty and bans imposed, and how the civil judgment sits alongside the nine-year prison sentence DePetrillo is already serving. Short, but a clean illustration of parallel civil and criminal resolution.

The court ordered a $9,211,492 civil monetary penalty against DePetrillo, Meteor LLC and NOLA FX Capital Management LLC.
The court found the defendants misappropriated more than $3 million through false solicitations, false account statements and Ponzi-like payments to existing participants.
The default judgment imposes permanent trading and registration bans and resolves all claims in the CFTC's 2024 complaint.
In the related criminal case, DePetrillo was sentenced on July 23, 2025 to nine years in prison and ordered to pay $6,748,412 in restitution.

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United States CFTC Enforcement Financial Crime ✓ 17 claims 20 Oct 2026

CFTC wins $288m EminiFX judgment against Eddy Alexandre over crypto Ponzi scheme

The CFTC has obtained summary judgment against Eddy Alexandre and his firm EminiFX over a commodity pool Ponzi scheme that drew more than $262 million from tens of thousands of investors in eight months. The segment covers the court's findings, the monetary relief ordered, and how much has actually been clawed back to victims so far.

The court ordered $228,576,962 in restitution, $15,049,500 in disgorgement and a $45,148,500 civil penalty.
EminiFX took in more than $262 million from tens of thousands of investors over eight months while promising weekly returns of 5% to 9.99%.
The firm suffered net losses exceeding $49 million, including at least $15 million Alexandre misappropriated for personal use.
A court-appointed receiver had returned over $98 million to more than 28,000 investors as of July 2026.
Alexandre is serving a nine-year prison sentence in a parallel action brought by the U.S. Attorney for the Southern District of New York.

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CFTC wins $9.2m default judgment against Louisiana man over forex fraud scheme

CFTC wins $288m EminiFX judgment against Eddy Alexandre over crypto Ponzi scheme

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