The SEC (ICO) filed a lawsuit against the organizer PlexCoin to begin offering coins.
Relying on marketing material, investors gain 1.354 percent for investment in less than 29 days of net income, the SEC has invited residents of Quebec Dominic Lacroix and Sabrina Paradis-Royer, along with PlexCorps – Lacroix companies with violation of fraud scams. Connection with the ICO. Lacroix and PlexCorps are also charged with violating the obligation to register all securities bids with SEC.
According to SEC PlexCorps, it is applied by PlexCoin ICO, which started in August, to $ 15 million. The Commission has received urgent freezing of assets from PlexCorps while the subject is being questioned.
These are the first lawsuits of the new Cyber Force task of the DIK, launched in September in the fight against numerous cyber threats, including ICOS.
“This first Cyber-unit case meets all the features of cyber scams full and it’s exactly the kind of behavior that will follow the units,” said Robert Cohen, head of the Cyber Unit, in a statement. “We acted quickly to protect retail investors from false promises of this original offer of coins.”
The DIK complaint was filed with the federal court in Brooklyn, New York and requires permanent injunctions, extorted plus interest and fines. In addition, DIK has requested the court to prevent PlexCoin ICO from offering in the future digital for securities. From Lacroix “repeats … the offender in the field of securities law,” the lawsuit in the end tries to keep Lacroix from serving as a director or employee of the corporation.
As CCN is reported in October, Lacroix and other PlexCoin organizers are already from the Market Authority (Financial AMF), the main financial control in Quebec, the conflict. On October 20, the Supreme Court of Quebec Lacroix was convicted in spite of an earlier decision that it and its affiliates were prevented from holding ICO or attracting investors from the province.
This was not the first launch of Lacroix with AMF. In 2013, he pleaded with one of his companies in six cases of “illegal housing, illegal practices and the provision of false or misleading information” and was sentenced to a fine of 25,000 CAD.