The Receiver of EminiFX, Inc has published the 2022 Annual Status Report.
Throughout 2022, the Receiver and his team have continued their efforts to recover and preserve the assets of EminiFX, Inc., as well as the assets of Defendant Eddy Alexandre traceable to customers of EminiFX, per the Consent Order.
In 2022, cash receipts by the Receivership totaled nearly $65 million, primarily from the turnover of frozen funds ($60.9 million), as well as from the liquidation of vehicles and office equipment ($0.3 million), the recovery of various deposits from third parties ($3.3 million), and interest earned on the cash deposits ($0.3 million).
Cash expenditures, for certain court-approved pre-receivership expenses as well as post-receivership approved professional fees and expenses, totaled less than $2 million, leaving a net cash balance…
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