PlexCoin backers held in contempt of Canadian court

Canada North America

In a statement published on October 20, the Autorité des marchés financiers (AMF) announced that two companies – Dominic Lacroix and DL Innov inc. – stand in contempt of court for allegedly ignoring court orders preventing them from promoting an ethereum-based cryptocurrency – PlexCoin.

The previous court order prohibiting PlexCoin backers from promoting the token sale ordered them to cease any advertising efforts of the coin as well as take down any websites promoting it. Furthermore, in September the AMF told PlexCoin backers to hold on to any” funds, securities or other property in their possession or entrusted to them.”

AMFs latest statement informs that Marc Lesage, Quebec Supreme Court Justice, ruled that both companies defy the court orders and continue to solicit PlexCoin to investors. A penalty for those activities will be decided at a hearing next month.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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