U.S. SEC files charges opposite Quebec cryptocurrency firm

The U.S. Securities and Exchange Commission has filed charges opposite a Quebec organisation that deals in a cryptocurrency called PlexCoin.

Quebec-based Dominic Lacroix and Sabrina Paradis-Royer, along with a organisation called PlexCorp, have been charged with violating U.S. bonds laws and defrauding investors, according to a new filing antiquated Dec. 1.

The U.S. bonds regulator claims thousands of investors mislaid an estimated $15 million US in a initial silver offering.

It is a initial filing by a SEC’s Cyber Unit, an coercion arm combined in Sep in partial to some-more closely military initial silver offerings that have turn popular with a mountainous value of Bitcoin.

“This initial cyber section box hits all of a characteristics of a bone-fide cyber fraud and is accurately a kind of bungle a section will be pursuing. We acted fast to strengthen sell investors from this initial silver offering’s fake promises,” Robert Cohen, who heads adult a unit, pronounced of a charges.

The group purported that Lacroix and Paradis-Royer done fake statements to impending investors.

It performed an puncture justice sequence to solidify a resources of PlexCorps and a dual individuals.

In July, a Financial Markets Administrative Tribunal of Quebec criminialized PlexCorps and Lacroix from all investment-related activities targeted during Quebec residents.

In October, Quebec’s Superior Court announced a association and Lacroix in disregard of court, anticipating a defendants continued to marketplace and appeal investments in PlexCorps.

Article source: http://www.cbc.ca/news/business/plexcoin-quebec-sec-1.4432642?cmp=rss