The U.S. Federal Court in New York dismissed a RICO (Racketeer Influenced and Corrupt Organizations Act) class-action claim against EminiFX founder and pastor Eddy Alexandre, citing that the allegations were based on securities fraud, which does not apply. Alexandre pleaded guilty to commodities fraud in 2023 and is currently serving a 9-year sentence. Prosecutors stated that he raised approximately $248 million from over 25,000 investors through EminiFX, promising to double their funds within five months. Previously, the U.S. Commodity Futures Trading Commission (CFTC) had imposed a fine of approximately $229 million on him and his company. (Decrypt) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58119