United States Security and Exchange Commission (SEC) is reportedly seeking further sanction against alleged crypto scammers Dominic Lacroix and Sabrina Paradis-Royer of Plexcoin fame. According to Maria Nikolova of Financefeeds, the two continue to defy court orders.
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SEC to Further Sanction Alleged Crypto Scammers
Financefeeds is reporting the US SEC seeks sanctions against individuals behind alleged cryptocurrency scam Plexcoin, Dominic Lacroix and Sabrina Paradis-Royer. It is claimed the two, who have been the subject of the regulator’s ire for nearly two years, continue to disobey court orders.
Almost a year ago, these pages documented the then new Cyber Unit division of the SEC. Less than three months later, the division filed its first charges against what it alleged was an initial coin offering (ICO) scam. “Release 2017-219, SEC Emergency Action Halts ICO Scam,” we wrote, “termed Canadian Dominic Lacroix ‘a recidivist Quebec securities law violator.’ Mr. Lacroix and his company, Plex Corps, are accused of offering a token capable of yielding ‘a 1,354 percent profit in less than 29 days.’”
It also appears “Mr. Lacroix was found in contempt of court in October of this year, ‘following an application filed by the Autorité des marchés financiers,’ the Quebec-based regulator noted. This came after a Tribunal over the summer found Mr. Lacroix guilty of violating securities law,” we documented, showing the current SEC action wasn’t the first time he has been accused of skirting court orders.
Defiance
The ongoing case by the SEC against the pair seems to have no end in sight. The case “continues at the New York Eastern District Court, with the
