PlexCoin (PlexCorps)
A 2017 ICO by Dominic Lacroix that promised returns of more than 1,300% in under a month. It was the first case brought by the SEC's new Cyber Unit; the SEC obtained an emergency freeze and a multimillion-dollar judgment.
Also known as: PlexCoin, PlexCorps, Dominic Lacroix
Summary
PlexCoin was a 2017 initial coin offering run by Dominic Lacroix and his company PlexCorps, marketed with promises of returns exceeding 1,354% in under a month. It became the first enforcement action by the SEC's newly created Cyber Unit. [1][2]
Outcome
In December 2017 the SEC obtained an emergency asset freeze, alleging Lacroix and partner Sabrina Paradis-Royer defrauded investors of up to $15 million. A U.S. court later ordered penalties and disgorgement totaling more than $7 million. Lacroix, who had a prior history with Quebec securities regulators, was also jailed in Canada for contempt in related proceedings. [1][2]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (2)
- SEC Emergency Action Halts ICO Scam (PlexCoin) — U.S. SEC
- PlexCorps / Dominic Lacroix (case background) — Wikipedia
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.