After a Status Conference on August 3, a criminal trial for EminiFX has been set for March 2023.
Until then, different case motions will be heard, and a trial date has been set for March 27.
Alexandre has been charged with wire fraud and commodities fraud on one count each. Alexandre, who is 50 years old, could get up to 30 years in prison if a jury finds him guilty.
There is still a chance that a plea deal could lead to a lighter sentence.
Alexandre has been given permission to work while civil fraud cases brought by the CFTC are put on hold until the criminal cases are over.
On July 28, Alexandre filed a motion to ask that his bail conditions be changed.
On July 29, the court agreed to hear the case;
The defendant’s request is granted since there was no opposition to it. The conditions of the defendant’s bail are changed from home incarceration to home detention so that he can travel as needed for work and work assignments.
All of the other conditions of Defendant’s bail remain the same. For example, Defendant cannot work in the financial industry or with investments until this case is over, and Defendant can only travel to the Southern and Eastern Districts of New York.
Stay tuned, because we will keep watching the case docket for new information.