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Securities and Exchange Commission v. PlexCorps

  1. August 12, 2019

    SEC, Canadian Duo Ink $7M Deal To Settle ICO Fraud Claims

    Two Canadians have inked a nearly $7 million deal with the U.S. Securities and Exchange Commission to settle claims they orchestrated a fraudulent $15 million initial coin offering, the first charges filed by the agency's newly created cyber unit, according to a consent judgment filed Friday in New York federal court.

  2. August 10, 2018

    Canadian ICO Promoter Can't Escape SEC Fraud Suit

    A Brooklyn federal judge denied a Canadian man's bid to toss for lack of jurisdiction a U.S. Securities and Exchange Commission suit alleging his company orchestrated a fraudulent $15 million initial coin offering, concluding that regulators established that his company conducted significant dealings in the United States.

  3. June 20, 2018

    'Let Canada Handle It,' ICO Promoter Says Of SEC Fraud Suit

    A Canadian man who organized an initial coin offering that the U.S. Securities and Exchange Commission claims was a $15 million fraud told a Brooklyn federal judge in court Wednesday that the regulator had gone too far and called for the suit to be dismissed, saying authorities in Canada are already "all over this."

  4. January 09, 2018

    Digital Coin Offerer Says SEC Can't Sue In US Over $15M ICO

    An attorney for a Quebecois man accused by the U.S. Securities and Exchange Commission of ripping off investors in a fraudulent initial coin offering that purportedly raised $15 million said Tuesday that U.S. courts lack jurisdiction to hear the case.

  5. December 14, 2017

    SEC Gets Extension Of Asset Freeze For Digital Coin Offerer

    A New York federal judge on Thursday signed off on the U.S. Securities and Exchange Commission's bid to extend an asset freeze against the initial coin offering business allegedly involved in what the agency has claimed was a $15 million scam run by a Quebecois couple.

  6. December 13, 2017

    SEC Seeks To Freeze Digital Coin Offerer's Assets

    The U.S. Securities and Exchange Commission urged a New York federal court late Tuesday to freeze the assets of an initial coin offering and two other corporate entities run by a Quebecois couple, who regulators say ripped off investors while raising $15 million.

  7. December 01, 2017

    Quebecois Duo Hit With SEC Fraud Suit Over $15M ICO

    A Quebecois man whom Canadian financial regulators have repeatedly accused of fraud is now in the sights of the U.S. Securities and Exchange Commission, which filed a suit in New York federal court on Friday alleging that he and his supposed girlfriend have been ripping off investors in a fraudulent initial coin offering that purportedly raised $15 million.

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