A settlement between the SEC and an initial coin offering has the defendants paying out the big bucks.
According to court documents attained by CoinDesk, Defendants Dominic Lacroix, Sabrina Paradis-Royer, and ICO PlexCorps agreed to pay extensive fines and never commit fraud again or participate in securities sales. A judge has yet to sign off on the settlement.
Lacroix and Paradis-Royer each agreed to pay $1 million apiece as a civil penalty. PlexCorps must disgorge $4.56 million in addition to $350,000 in interest.
“PlexCorps is pleased to achieve this settlement with the…
Author: William Foxley