Dominic Lacroix
Quebec promoter behind the PlexCoin/PlexCorps ICO, which the SEC said raised up to $15M by promising a 1,354% return in under a month. The SEC obtained a ~$7M judgment (2019); a Quebec court sentenced him in 2024 to 42 months in prison.
Also known as: Dominic LaCroix
Bio
Dominic Lacroix, a Quebec securities-law recidivist, ran the PlexCoin initial coin offering through his company PlexCorps. The SEC's December 2017 emergency action said he and partner Sabrina Paradis-Royer raised up to $15 million by falsely promising investors a 1,354% profit in under 29 days, while misrepresenting the operation's size and misappropriating funds. [1][2]
Legal outcome
In October 2019 a U.S. federal court entered a consent judgment ordering the defendants to pay nearly $7 million (disgorgement, interest, and penalties) and barring Lacroix from digital-securities offerings. In Canada, the Quebec Court sentenced Lacroix on November 14, 2024 to 42 months in prison plus a $150,000 fine for illegal distribution and misleading information. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
- SEC v. PlexCorps, Dominic Lacroix, and Sabrina Paradis-Royer (final judgment) — U.S. SEC
- Dossier PlexCoin – Dominic Lacroix condamné à 42 mois de prison — Autorité des marchés financiers (Québec)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
HEX / PulseChain (Richard Heart)ProjectsCrypto projects (HEX, PulseChain, PulseX) created by Richard Heart (Richard Schueler). In July 2023 the U.S. SEC sued him for offering unregistered securities that raised $1B+ and for allegedly misappropriating ~$12M for luxury goods (including a 555-carat diamond). A court dismissed the case in 2024 for lack of U.S. jurisdiction; there was no finding of wrongdoing and Heart denies the allegations.
This page was last updated on Jun 15, 2026. View revision history.
