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…

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Author: William Foxley


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