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That was quick.

Eddy Alexandre is already attempting to circumvent the terms of his EminiFX bail release.

On May 12th, Alexandre was detained and freed on bond, with strict restrictions.

Alexandre’s new lawyer appeared on May 19th. A written motion was attached to Alexandre’s notice of appearance, requesting that his bail terms be modified.

Alexandre was unaware of the CFTC’s order at the time of his bail hearing, according to the argument.

Alexandre wants the demand that he fund security out of EminiFX investor cash removed from his bail conditions.

The insinuation is that Alexandre didn’t have any other sources of income except for the $14.7 million he stole from EminiFX.

Alexandre’s lawyer claims that if he flees, he will agree to be extradited from Haiti instead of private security.

Consent to extradition to the United States from any nation in which Mr. Alexandre is detained, to face the allegations filed in the Complaint if he leaves the United States during this matter.

Alexandre will remain incarcerated at home but without the benefit of private security.

The proposed adjustment was reviewed with the Department of Justice before filing, according to the letter, which also states that “the government opposes this application.”

The missing millions linked to EminiFX, in my opinion, are a major sticking point here.

Alexandre has refused to reveal any financial details about the sums that have gone missing.

Mr. Alexandre does not constitute a financial danger, and his bail terms should not oblige him to relinquish his right to remain silent by making financial disclosures.

That’s good, but Alexandre would have access to an undisclosed quantity of bitcoin stashed in a secret place if he fled.

Whether or not Alexandre had given his consent to extradition, I would have believed it was enough to sway the balance in his favor.

At the same time, despite the missing millions, the court has freed Alexandre, so that’s a moot point for the time being. Is there a significant difference between having a guard at home and not having one?

We’ll have to wait and see what the Department of Justice filed in opposition. That’ll happen this week, I’m hoping.

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