The U.S. Securities and Exchange Commission (SEC) has received an additional emergency court order to freeze the assets of Dominic Lacroix, owner of PlexCorps, in an ongoing enforcement action, Crowdfund Insider reported June 20.
The SEC had previously sued Lacroix for securities fraud and received an emergency asset freeze order in December, 2017.
The SEC alleges that, since December, Lacroix has been using secret accounts, including an account in his brother’s name which he controlled, to dissipate assets obtained from investors with the PlexCoin ICO.
According to the SEC, PlexCorps promised investors a 1,354 percent return in just 29 days.
The three co-founders of cryptocurrency startup Centra Tech were formally indicted in May for running a fraudulent ICO, with charges of securities fraud, wire fraud, and two conspiracy counts.
The U.S. SEC has received an emergency court order to freeze the assets of Dominic Lacroix, who was previously accused of violating securities law in regards to PlexCoin ICO
The FTX rigmarole continues and this time, two top executives of the disgraced crypto empire have emerged from silence and are now in the custody of the U.S. authorities. If proven guilty of their misdeeds, the three masterminds of one of the biggest crypto exchanges in the world face a total of 275 years in […]
Glenn Arcaro, head of the North American division of BitConnect, pled guilty in US District Court to conspiracy to commit wire fraud.
The post North American BitConnect Head Pleads Guilty to Fraud appeared first on BeInCrypto.
A U. S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution.
A U. S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million.
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million.
