US SEC has stopped the ICO for the first time ever
SEC has set a first precedent of interrupting an ICO. The Commission has frozen the assets of the PlexCorps company that has attracted about 15 million dollars since August 2017, from thousands of investors who were promised a 1,354 percent return in just 29 days.
The company owners Dominic Lacroix and Sabrina Paradis-Royer were charged with distribution of unregistered securities, violation of anti-fraud law and several other violations. SEC describes Lacroix as a “recidivist Quebec securities law violator”.
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