SEC Settles Lawsuit against PlexCoin ICO for $7 Million

SEC Settles Lawsuit against PlexCoin ICO for $7 Million

The US Securities and Exchange Commission (SEC) has reached a settlement with the promoters of the illegal crypto scheme PlexCoin. According to court documents, the founder Dominic Lacroix and his partner Sabrina Paradis-Royer agreed to pay $1 million each as a civil penalty and will never participate in securities offerings again.