On Tuesday, September 25, the Securities and Exchange Commission (SEC) filed a motion in New York District Court seeking sanctions for failure to comply with a court order by those responsible for defrauding investors in the PlexCorps ICO (PlexCoin).
Last December, the court upheld the regulator's claim and issued a ruling obliging defendants Dominique Lacroix and Sabrina Paradis-Royer to provide information about the assets received from investors during the PlexCoin ICO, including a list of bank and brokerage accounts, blockchain addresses, which investor funds were sent, and other information.
In addition, in August of this year, the court adopted a new order obliging the defendants to provide the information specified in the first court order by September 18, 2018. However, it seems that the defendants do not intend to cooperate and are not going to implement the court order.
The SEC warns that if the defendants are not sanctioned, they will continue to commit illegal activities and defraud inexperienced investors. Let us recall that in its lawsuit, the US regulator demands to take emergency measures against persons who misappropriated investor funds received through the offering of unregistered security tokens. From August 2017 to the present, the defendants obtained approximately $15 million from U.S. investors through false and misleading statements. This occurred despite a Quebec court order prohibiting Dominique Lacroix and Sabrina Paradis-Royer from engaging in activities regulated by the US Securities and Exchange Commission.
According to https://financefeeds.com/
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