Dominic Lacroix & PlexCorps — Alleged Initial Coin Offering (ICO) Investment Fraud Scheme
Dominic Lacroix and His PlexCorps Allegedly Marketed and Sold Securities Named PlexCoin on the Net to Investors in the U.S. and Elsewhere; Lacroix Allegedly Claimed that PlexCoin Investments Could Yield up to 1,354 Percent Profit in under 29 Days
Dominic Lacroix, an allegedly recidivist Quebec securities law violator, and his PlexCorps allegedly marketed and sold securities named PlexCoin on the internet to investors in the U.S. and elsewhere, according to an SEC Complaint, according to an SEC Complaint currently under review by attorneys Jason Kane and James Booker.
Peiffer Wolf Carr & Kane securities practice lawyers are investigating Dominic Lacroix and PlexCorp’s alleged ICO fraud scheme.
Investors who believe they may have lost money in activity related to Dominic Lacroix and PlexCorp’s alleged ICO fraud scheme are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.
Lacroix allegedly claimed that PlexCoin investments could potentially yield up to a 1,354 percent profit in under 29 days, according to the aforementioned Complaint. What is more, the SEC also charged Lacroix’s partner, Sabrina Paradis-Royer, in alleged connection with the purported scheme, the Complaint reports.
PlexCorps Halted after the SEC Announces an Emergency Asset Freeze; The Charges are the First Filed by the SEC’s New Cyber Unit
The SEC recently announced that it had been granted an emergency asset freeze to stop an alleged fast-moving Initial Coin Offering (ICO) fraud that purportedly raised up to $15 million from thousands of investors since August, according to the aforementioned Complaint being reviewed by attorneys Jason Kane and James Booker.
Lacroix, Paradis-Royer and PlexCorps allegedly violated the anti-fraud provisions, and Lacroix and PlexCorps allegedly violated the registration provision, of the U.S. federal securities laws, the Complaint notes, and the SEC is allegedly seeking permanent injunctions, disgorgement plus interest and penalties.
Said charges are the first filed by the SEC’s new Cyber Unit, the Complaint states.
The unit was created in September to focus the Enforcement Division’s cyber-related expertise on misconduct involving distributed ledger technology and initial coin offerings, the spread of false information through electronic and social media, hacking and threats to trading platforms, the SEC reports.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Dominic Lacroix and PlexCorp’s alleged ICO fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Dominic Lacroix and PlexCorp’s alleged ICO fraud scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at firstname.lastname@example.org or email@example.com.