The Commission on securities and exchange Commission (SEC) appealed to the district court of new York a petition for the imposition of sanctions on the organizers of cryptocurrency fraudulent scheme PlexCoin that in 2017 was able to raise $15 million in investments from thousands of investors.
According to the SEC, Dominic Lacroix (Dominic Lacroix) and Sabrina Paradis-Royer (Sabrina Paradis-Royer) ignored previously adopted the court’s order on accounting for and refund to the affected investors. SEC now invites the court to rule in their favor and force the defendants to distribute the assets according to the appointment and in a timely manner.
We will remind, last year the Department for financial markets of Russia (AMF) tried several times to suspend the activity around ICO PlexCoin, but it didn’t work on the project team. In October, the AMF issued a statement in which he said that the organizers had ignored the court decision on termination of attracting investors to invest in cryptocurrency.
In December, the SEC suspended the movement of funds on accounts PlexCorps and Dominic Lacroix and went to court, which ruled that the defendants should hold the account on funds raised within three days and transfer the assets to the court. Also in December, the court of Canada made the decision to sentence Lacroix to two months in prison and fined $10 thousand, and his company DL Innov — $100 thousand.
In March and again June, the SEC announced the freezing of the accounts of the project, stating that Lacroix used the secret accounts, including open for his brother, and they continued to use funds raised from investors PlexCoin. The organizers of the scheme is obliged to transfer all the data on the SEC’s December order, including a list of all the accounts and assets of the defendants until September 18.