Founder Behind Plexcoin ICO Scam Ordered to Hand Over $3 Million in BTC

[kreslik.news]

Dominic Lacroix, one of the individuals behind Plexcoin’s fraudulent ICO, has been ordered by the Autorité des marchés financiers (AMF) in Quebec to surrender more than $3 million in Bitcoin. Originally reported by Radio Canada, the move comes as the latest in a series of steps taken against fake ICOs and other illegal cryptocurrency-related activities by North American authorities.

Judge Raymond W. Pronovost told Lacroix that he had 24 hours to turn in any Bitcoins in his possession. Lacroix returned empty-handed to court the next day, saying that hisBitcoins were on computers that had been seized ... (read more)