SEC Freezes Assets of PlexCoin ICO Organizer, Halts $15 Million Scam
Posted: Sun Dec 03, 2017 4:15 pm
The US Securities and Exchange Commission (SEC) has charged PlexCoin ICO organizer Dominic Lacroix, who raised $15 million through soliciting investors from the US and Canada, with illegally profiting from defrauding customers through off-market investment pools.
The regulator on Monday filed an emergency court order to freeze the assets of Lacroix and his associated company PlexCorps for arranging an ICO scheme that fraudulently touted lucrative investment returns. The SEC also charged Lacroix’s partner, Sabrina Paradis-Royer, with providing pool participants with false statements that misrepresented the ICO’s profitability claiming that it would yield a 1,354 percent profit in less than a month.
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