ICO organizer PlexCoin accused of contempt of court
The organizer of the crowdfunding campaign has been accused of contempt of court. CoinDesk writes about this with reference to the decision of the higher court of Quebec.
The Quebec Authority for Financial Markets (AMF) released a statement on October 20 stating that Dominique Lacroix, together with DL Innov inc. ignored an earlier court decision, according to which he could not attract investors to participate in the PlexCoin ICO, the tokens of which, according to the information on the startup’s website, are issued on the Ethereum blockchain.
The litigation between AMF and PlexCoin began back in July, when the regulator banned Lacroix, DL Innov and several other companies from promoting the planned token sale. AMF ordered the closure of all campaign-related sites and the withdrawal of all promotional materials.
A few days later, AMF published an appeal to investors, in which it announced that the organizers of PlexCoin did not comply with their requirements and continue to promote ICO.
According to the regulator’s latest publication on October 20, Quebec Superior Court Judge Marc Lesage took his side: “In his ruling, Lesage noted that the evidence provided by AMF indicated that, without a doubt, Dominique Lacroix and DL Innov Inc., representatives of PlexCorps and PlexCoin, continued to attract investors directly and indirectly to purchase the virtual currency PlexCoin, after July 20, 2017, the Administrative Court for Financial Markets banned them from doing so. “.
It is reported that a hearing in this case will be held next month. Then the punishment for Lacroix will be determined..