First ICO Scam Halted By US Securities and Exchange Commission

United States Securities and Exchange Commission has announced on 4 December 2017 that it has proceeded with an asset freeze of the PlexCoin Initial Coin Offering (ICO) fraud that raised up to $15 million since August 2017 as it falsely promise a 1354% fold return in a month.

The charges were pressed against Quebec’s Dominic Lacroix,  his partner Sabrina Paradis-Royer and and his company PlexCorps based on cyber-related misconduct involving distributed ledger technology and initial coin offerings, the spread of false information through electronic and social media, hacking and threats to trading platforms. 

 

Source : SEC