Lacroix & His PlexCorps Allegedly Marketed & Sold Securities Called PlexCoin Claiming Investments in PlexCoin would Yield a 1,354 Percent Profit in Less than 29 Days
Dominic Lacroix, a purported recidivist Quebec securities law violator, and his firm, PlexCorps, allegedly claimed that investments in PlexCoin would yield a 1,354 percent profit in less than 29 days, according to an SEC Complaint under review by attorney Alan Rosca.
Attorney Rosca, of the RoscaLaw LLC firm, is investigating activity related to Dominic Lacroix’s alleged ICO investment fraud scheme. Investors who believe they may have lost money in activity related to Dominic Lacroix’s alleged ICO investment fraud scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Dominic Lacroix allegedly marketed and sold securities named PlexCoin on the internet to investors in the U.S. and elsewhere and raised up to $15 million from thousands of investors since August of 2017, according to the aforementioned Complaint.
Subsequently the SEC announced that it has obtained an emergency asset freeze to halt PlexCorps’ allegedly fast-moving Initial Coin Offering (ICO) fraud, the Complaint notes.
The SEC has also filed charges in federal court in Brooklyn, New York, and has also charged Lacroix’s partner, Sabrina Paradis-Royer, in connection with the scheme, the Complaint states.
The Landmark Charges against PlexCorps are the First Filed by the SEC’s New Cyber Unit
Lacroix, Paradis-Royer, and PlexCorps allegedly violated the anti-fraud provisions of U.S. federal securities laws, and Lacroix and PlexCorps allegedly violated the SEC’s registration provision of the U.S. federal securities laws, according to the aforementioned Complaint being reviewed by attorney Alan Rosca.
Hence, the SEC is seeking permanent injunctions, disgorgement plus interest and penalties against Lacroix and PlexCorps, the Complaint states.
The charges against PlexCorps are a landmark case as they are the first filed by the SEC’s new Cyber Unit, the Complaint states.
The SEC’s Cyber 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 Lawyer Investigating
The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Dominic Lacroix’s alleged ICO fraud scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.
Investors who believe they lost money as a result of Dominic Lacroix’s alleged ICO fraud scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.