The Securities and Exchange Commission (SEC) has been busy dishing out enforcement actions over the past few weeks – — and now it’s PlexCoin’s turn to feel the burn. According to the SEC’s complaint, submitted on December 1, 2017, PlexCorps and its owners Dominic Lacroix and Sabrina Paradis-Royer fraudulently raised millions of dollars in virtual and fiat currency by selling unregistered securities through its PlexCoin initial coin offering (ICO). The sale of such tokens, the SEC adds, was based on several false and misleading statements to potential and actual investors. These included misrepresentations about the size and scale of the company’s…
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