October 2, 2019

PlexCorps and its principals Dominic Lacroix and Sabrina Paradis-Royer have agreed to pay nearly $7 million to resolve charges related to their unregistered initial coin offering PlexCoin, and their false and misleading statements regarding PlexCoin, the amount of funds raised by PlexCoin, the use of funds raised in the ICO, and the size and scale of PlexCoin operations.  The SEC had obtained an emergency freeze on the ICO in 2017, and defendants will disgorge over $4.5 million in retained investor funds, plus interest; in addition, the individuals will each pay a $1 million penalty.  Defendants are enjoined from further violations, and the individuals are enjoined from participating in any digital-securities offerings.  SEC

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