Founder of PlexCoin ICO Finally Transfers 420 Bitcoins to a Quebec Court




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Founder of PlexCoin ICO Finally Transfers 420 Bitcoins to a Quebec Court

Back in September 2017, when the cybersecurity arm of the United States Securities and Exchange Commission (SEC) was established to checkmate crypto-related crimes, PlexCorps, the parent company of PlexCoin ICO and its founder, Dominic Lacroix was among the first illegal virtual currency projects to be shuttered by the watchdog. In the latest development, authorities have successfully retrieved $3.724 million worth of bitcoin from Lacroix.

Bitcoins or Jail Term

According to a Radio Canada report, Judge Raymond W. Pronovost ordered Lacroix to transfer the like sum of $3.724 million in bitcoins, right in the courtroom, or be slapped with a jail sentence.

The Financial Markets Authority (FMA) began investigating the businessman since September 2017, when the PlexCoin ICO allegedly raked in a whopping $15 million from thousands of investors by selling unregistered securities to U.S. residents and promising them an outrageous ...

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Founder of PlexCoin ICO Finally Transfers 420 Bitcoins to a Quebec Court