US SEC Is Purportedly Seeking Further Charges Against Dominic Lacroix And Co.
Not long ago, the United States Security and Exchange Commission (SEC) is purportedly looking for further sanction against alleged crypto scammers Dominic Lacroix and Sabrina Paradis-Royer of Plexcoin fame. However, according to a reporter from Financefeeds, the two carry on to defy court orders.
According to the publication, the US SEC seeks sanctions against individuals behind alleged cryptocurrency scam Plexcoin, Dominic Lacroix and Sabrina Paradis-Royer. It is claimed the two, who have been the subject of the regulator’s ire for nearly two years, still carry on to disobey court orders. About a year ago, these pages documented the then-new Cyber Unit division of the SEC. Not less than three months later, the division filed its first charges against what it claims was an initial coin offering (ICO) scam. “Release 2017-219, SEC Emergency Action Halts ICO Scam,” we wrote, “termed Canadian Dominic Lacroix ‘a recidivist Quebec securities law violator.’ Mr. Lacroix and his firm, Plex Corps, are accused of offering a token capable of yielding ‘a 1,354 percent profit in less than 29 days.’”
In addition “Mr. Lacroix was found in contempt of court in October of this year, ‘following an application filed by the Autorite des marches financiers,’ the Quebec-based regulator noted. This came after a Tribunal over the summer found Mr. Lacroix guilty of violating securities law,” we documented, indicating the current SEC action was not the first time he has been accused of skirting court orders.
This ongoing case by the SEC against couple seems to have no end in sight. The case “continues at the New York Eastern District Court, with the US regulator having a hard time to make the defendants co-operate, or, at the very least, comply with court orders,” the news outlet notes. Sometime this week, the SEC asked the court to force and sanction the two, as “defendants continue to ignore court orders concerning discovery, accounting of assets and repatriation of assets.” The court has had an ongoing issue as far back as last year when it demanded to account for the money taken by the various alleged schemes. According to reports, nothing, no bank statement, no sworn documentation.
The report went on to state “Furthermore, in August this year, the court ordered that, by September 18, 2018, the Individual Defendants are to submit to the Commission all times ordered products by the December order, including, but not limited to, the accounting of investor funds and the list of Individuals Defendants’ accounts and assets. Nevertheless, the defendants have neither produced the ordered accounting and list of assets nor repatriated any funds.”
