Plexcoin scam

This Quebec-based scammer got the book thrown at him by Canada and the US in a cross-border scam that allegedly raised more than $15 mln.

The scammer and founder of Plexcoin, Dominic Lecriox, promised investors that Plexcoin would be able to do the same things Bitcoin can do, except his would be much faster.

This was back in the days before Bitcoin launched the lightning network, which significantly sped up transactions and reduced the abhorrent miners fees the ballooned over the last quarter of 2017.

While Canadian courts fined his company $100,000 for contempt of court and a two-month jail sentence, the US and SEC are still trying to get a piece of him, however, still held up in court.

warm
Zorchy 2018-08-05 23:43:26 Reply
$ 100,000 is not a bad amount ..
razeiv 2018-08-02 08:37:44 Reply
Holy Lord! Thanks for letting all know