giftedviz.com
giftedviz.com May 27, 2018


ICO Asset Freeze Instituted By SEC on PlexCorps

06 December 2017, 01:17 | Megan Pierce

ICO Asset Freeze Instituted By SEC on PlexCorps

ICO News US SEC Uncovers Fraudulent ICO That Raised USD 15 Mil

According to the complaint, Lacroix and his partner Sabrina Paradis-Royer have raised more than $15 million since August from thousands of people who have backed PlexCorps in exchange for PlexCoin, a "tokenized currency" that Lacroix and his company promised would let investors "take control of [their] money". In October, Quebec's Superior Court ruled LaCroix was in contempt of court for continuing to solicit investment into PlexCoins. Yesterday, the SEC announced charges against PlexCorps, an embattled initial coin offering (ICO) company that advertises an ostensibly stable and approachable cryptocurrency called PlexCoin.

Lacroix has been under investigation by Quebec's Autorité Des Marchés Financiers, which culminated in the authorities blocking PlexCorps from continuing its dealings. In its latest Facebook post, Friday, it told "dear members" how PlexCoin was up 698.03 per cent at 73 cents on CoinMarketCap as far and away the top gainer.

The SEC's complaint alleges that Lacroix and PlexCorps marketed and sold securities called PlexCoin to investors in the United States and overseas, claiming that investments in token would yield a 1,354% profit in less than 29 days.

The regulator on Monday filed an emergency court order to freeze assets of Dominic Lacroix, and his associated company PlexCorps, for arranging an ICO scheme that fraudulently touted lucrative investment returns. The SEC said this summer that ICOs could fall under U.S. securities rules, and among other things, it claims PlexCorps failed to comply with the relevant registration laws.

Rep. Conyers announces he's retiring, endorses son to fill seat
- Prominent clergy, Detroit elected leaders and community activists said Monday that they will go to the White House and U.S. He added that he hopes his retirement will be viewed in the "larger perspective" of his more than 50 years as a lawmaker.


International Olympic Committee bars Russian Federation from competing in 2018 Winter Games
On the other hand, individual Russian athletes are invited under strict conditions to the Olympic Winter Games PyeongChang 2018. According to the IOC , Russian athletes will instead compete as "Olympic Athlete from Russia (OAR)", under the Olympic flag.


Billy Bush Rips Trump Over Pussy Grab Tape on Stephen Colbert
Bush's appearance on The Late Show is the first interview he has done since Trump was elected president. I'm anxious that the dialogue isn't going to be around because we move onto the next thing", he added.


The SEC says that these are the first charges filed by its Cyber Unit, which was created in September to fight online scams and other criminal activity.

Charges against the company, described by the agency as a "scam" run by a "recidivist Canadian securities law violator", were brought by the SEC's new cyber unit as it looks to crack down on potential abuse in the cryptocurrency arena.

Where the SEC actions becomes somewhat interesting is in terms of its global implications, with the PlexCoin and it's founder, Dominic Lacroix, described by the SEC as a "recidivist" securities law violator, being based in Quebec, Canada. For Lacroix, the SEC also seeks an officer-and-director ban and, for both Lacroix and Paradis-Royer, a ban from offering digital securities.



Other News

Trending Now

Russian Parliament To Bar US Media Named Foreign Agents
The Russian government recently designated a union of truckers protesting highway tolls as a foreign agent. Russian leaders say that in the drama surrounding RT, they are the ones defending free speech.

Mizzou offensive coordinator takes head coaching job at UCF
Athletic director Danny White believes UCF has "identified one of the brightest minds in college football" in Heupel. He was the man under center who brought the team back from the brink, alongside then-new head coach Bob Stoops.

Supreme Court leaves in place Texas ruling questioning gay spousal benefits
Supreme Court didn't knock down the Texas Supreme Court ruling today, this is hardly over. That will change once the Texas courts reach a decision, he said.

Lamar Jackson, Bryce Love, Baker Mayfield named Heisman finalists
He also ranks second in passing touchdowns (41), third in total offense (357.7 ypg) and fourth in passing yards (333.8 per game). The Oklahoma quarterback was a dark-horse candidate entering the season, and he lived up to the billing and then some.

John Mayer Rushed to New Orleans Hospital for Emergency Appendectomy
John Mayer was rushed to a New Orleans hospital early Tuesday morning (December 5) for emergency surgery. Ticketholders can also seek a refund at point of purchase, according to the band's social media account.

Willie Taggart agrees to deal with Florida State
It's why it helps that Taggart, a Florida native and former USF head coach, has been around the block in the Sunshine State. The Ducks are putting all their chips on Willie Taggart staying in Eugene as they've tried to lock him up long term.

Heavy Rain, Temperature Drop, Wintry Mix and Snow Expected This Week
Vido expects temperatures to continue to average 5-10 degrees below normal across the eastern US through the middle of the month. An associated cold front will pass through the state Tuesday allowing Arctic air to infiltrate central IN mid-to-late week.

Evacuations in California as wildfires flare out of control
It reached the northern edge of Ventura, a city with a population of more than 100,000, by 2 a.m. Shelters have been set up a local school and county fairgrounds for evacuees.

Continued airline growth, profits seen for 2018
Passenger demand growth will likely continue in 2018, based on the global economic upturn of recent months, Oxley said. IATA said demand to and from North America in particular fell in year-on-year terms for the seventh consecutive month.

1 dead in school bus crash outside Savannah
The Georgia State Patrol was investigating and said "charges are pending" in the crash, which involved no other vehicles. Stay with WSBTV.com and watch Channel 2 Action News at Noon for updates on this developing story.