[2017-10-26] Plexcoin ICO Organizer Held in Contempt by Quebec Superior Court

[Slow death]

Plexcoin ICO Organizer Held in Contempt by Quebec Superior Court

PlexCoin ICO organizer Dominic Lacroix has been found in contempt of court in Quebec for violating a ruling that barred Lacroix and his associated companies from holding an initial coin offering in Quebec or soliciting investors from the Canadian province.

The Autorité des marchés financiers (AMF), Quebec’s chief financial regulator, announced in a statement that the Quebec Superior Court — the province’s highest trial court — had found Dominic Lacroix and an associated company, DL Innov inc, in contempt for violating an earlier court order related to the PlexCoin ICO.

In July, the AMF had issued orders prohibiting Lacroix and several associated companies from promoting “any form of investment” to investors in Quebec and operating an investment scheme from within the province, even if it was targeted solely at investors who did not live in Quebec. The order specifically mentioned PlexCoin, an ethereum-based token that markets itself as “the next cryptocurrency” and advertises the “potential profit” that investors will make by participating in the early stages of the now-concluded PlexCoin ICO.

In addition, the Financial Markets Tribunal (TMF) ordered PlexCoin to cease advertising on the internet — anecdotal accounts indicate the PlexCoin ICO had engaged in an aggressive Facebook ad campaign — close its Facebook accounts, shut down its websites or at least block IP addresses originating from Quebec, and publish the TMF order on the homepage of all associated websites.

When it became clear that Lacroix and PlexCoin did not intend to comply with the orders, the AMF issued a bulletin warning investors about the risk of investing in the ICO.


https://www.cryptocoinsnews.com/plexcoin-ico-organizer-held-contempt-quebec-superior-court/


Reading this thread https://bitcointalk.org/index.php?topic=2010097.0

https://lautorite.qc.ca/grand-public/salle-de-presse/actualites/fiche-dactualite/monnaie-virtuelle-plexcorps-plexcoin-dl-innov-inc-gestio-inc-et-dominic-lacroix-sont-vises-pa/
there's no smoke without fire. If AMF (Autorité des Marchés Financier, like a SEC french) ask something to Quebec autorities it's certainly because there is something.  TMF has banned PlexCorps, PlexCoin, DL Innov Inc., Gestio inc. And Dominic Lacroix to carry out any activity in order to carry out, any transaction on any form of investment in Quebec or from Quebec outside Quebec.
Do you really want to take risks when there are so many other ico ?  Run Away

It was as if this guy was predicting the future.

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[mithrim]

Well, now there is confirmation:

Quote
SEC steps up scrutiny of digital coin sales with order to freeze 'PlexCoin' founders' assets
The Securities and Exchange Commission says it's obtained an emergency court order to freeze assets of those behind an initial coin offering that falsely promised a thirteenfold profit in less than a month.
Under that false promise, PlexCorps had raised up to $15 million from thousands of investors since August, the SEC says.

It's really sad to see so many people got scammed and $15 is just wow...

Source: https://www.cnbc.com/2017/12/04/sec-steps-up-ico-scrutiny-with-order-to-freeze-plexcoin-assets.html

[Dogofthreehead]

Plexcoin was on the rise and the dumbass Americans screwed it up like they did Poker. Go find your freedoms elsewhere you cucks

[Selmor]

Sorry but plexcoin was never rising. They promised way to much before the ico. They never announced their Team Members. All big market places didn’t want to trade plexcoin. So many different points, that this was only a scam. But the poor thing: There are still people in the plexcoin facebook group who are still thinking plexcoin is legit and will come back. So you really should wake up, game is over!