PlexCoin ICO organizer Dominic Lacroix has been found in contempt of court in Quebec for violating a ruling that barred Lacroix and his associated companies from holding an initial coin offering in Quebec or soliciting investors from the Canadian province.
The Autorité des marchés financiers (AMF), Quebec’s chief financial regulator, announced in a statement that the Quebec Superior Court — the province’s highest trial court — had found Dominic Lacroix and an associated company, DL Innov inc, in contempt for violating an earlier court order related to the PlexCoin ICO.
The U.S. Securities and Exchange Commission has charged a businessman and two of his companies with defrauding investors through initial coin offering (ICO) scams, including the REcoin ICO.
SEC Charges REcoin ICO Organizer With Fraud
According to a SEC press release, Maksim “Max” Zaslavskiy committed fraud by selling unregistered securities backed by nonexistent assets.