The authorities in north american seem to be among the most proactive in the world as regards the treatment of the ICO. The latest example comes from Canada, where the person who was behind Plexcoin is now facing a prison sentence while an investigation is still ongoing.
The founder of Plexcoin goes to jail
The Autorité des marchés financiers du Québec (AMF), the organization of regulation and supervision in the financial sector in this canadian province, has announced that the author of Plexcoin, which seems to be a huge scam, going to jail and will have to pay a substantial fine. The High Court of Québec has sentenced Dominic Lacroix and DL Innov Inc. to two months ‘ imprisonment and a fine of $ 110 000 $ for contempt of court. This is the maximum sentence review by the act. This sanction is among the most severe ever handed down for contempt of court, note the AMF. Today, orders for the freezing of assets against Dominic Lacroix and DL Innov Inc. are maintained and the AMF continues its investigation to determine if charges will be brought in this case.
Canadians and Americans are becoming increasingly strict to the ICO
As has been pointed out at the time, Dominic Lacroix, and DL Innov Inc. have been convicted of another at the court on 17 October 2017. The judge then pointed out that the evidence filed by the AMF showed without the shadow of a doubt of their responsibilities in this matter. In fact, Dominic Lacroix, through its platform Plexicorps, has continued to solicit and provide users with an investment in the Plexicoin, a token-ICO, despite the fact that they have been subject to orders banning them from doing so since the date of 20 July. Earlier this month, the Securities and Exchange Commission of the United States has revealed that its unit Cyber has recently filed a complaint against the promoters ICO.
Source : News.bitcoin.com