#GlobalNews: “Quebecers cited in alleged virtual currency scam now facing U.S. charges”

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The U.S. Securities and Exchange Commission has obtained an emergency order freezing the assets of two Quebecers who allegedly sold a virtual currency that raised $15 million from investors by falsely promising a 13-fold profit in less than a month.

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The complaint was filed in court Monday in Brooklyn against Dominic Lacroix, his company PlexCorps and his partner, Sabrina Paradis-Royer.

The alleged activities took place between this past August and present day.

READ MORE: IRS says virtual currencies to be taxed like property, not currency

Lacroix and Paradis-Royer were also cited by Quebec’s markets regulator earlier this year.

But the U.S. court filing suggests they continued to peddle the investment despite a Quebec tribunal ruling calling on them to stop earlier this year.

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The U.S. agency described Lacroix as a recidivist violator of Quebec securities laws and allege he and PlexCorps marketed and sold securities dubbed PlexCoin through the internet to investors in the United States and abroad.

Note: “Previously Published on: 5 December 2017 | 6:51 pm, as ‘Quebecers cited in alleged virtual currency scam now facing U.S. charges’ on GLOBALNEWS CANADA. Here is a source link for the Article’s Image(s) and Content”.

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