Review on PlexCoin by Fabrizio Zampieri

ATTENTION, scam project!!!. Website not working. More than a year has passed since the United States Securities and Exchange Commission (SEC) launched its emergency action against PlexCorps, aka PlexCoin and Sidepay ca, Dominic Lacroix and Sabrina Paradis-Royer, over an unregistered offer and sale of securities called “PlexCoin” or “PlexCoin Tokens” in a purported “Initial Coin Offering”. On Tuesday, February 19, 2019, the SEC filed a proposed amended complaint with the New York Eastern District Court, revealing more details about the scam. The amendments relate to additional deceptive acts and misstatements by the defendants, including statements relating to the amounts of funds raised during the PlexCoin ICO. - From January through June 2018, transferring hundreds of thousands of dollars’ worth of Bitcoin obtained from PlexCoin Token investors into accounts at a service called Satoshi Portal that Lacroix controls, and dissipating at least over $50,000 of those funds through a newly opened account at Tangerine; and - on or around February and July 2018, transferring hundreds of thousands of dollars’ worth of digital assets through a digital asset conversion service known as “ShapeShift” and further transferring, encumbering, selling, and alienating those assets on digital blockchains and elsewhere. The Commission now seeks a final judgment: (a) permanently enjoining the Defendants from engaging in acts, practices and courses of business alleged herein; (b) ordering Defendants to disgorge their ill-gotten gains and to pay prejudgment interest thereon; (c) prohibiting Defendant Lacroix from acting as an officer or director of any public company; (d) prohibiting Defendants Lacroix and Paradis-Royer from participating in an offering of digital securities; and (e) imposing civil money penalties on the defendants.