US Financial Regulators Reach $7M Settlement Over PlexCorps ICO By Cointelegraph


US Financial Regulators Reach $7M Settlement Over PlexCorps ICO

The United States Securities and Exchange Commission (SEC) has reached a multi-million dollar settlement with PlexCorps owner Dominique Lacroix, business partner Sabrina Paradis-Royer and PlexCorps over an allegedly fraudulent initial coin offering (ICO).

The SEC submitted its settlement agreement to a U.S. District Court in Brooklyn on Aug. 12. According to the filing, the defendants will collectively be fined nearly $7 million as part of the settlement agreement.

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