ICO Daily (5 Dec): $15 Million ICO Scam Halted By SEC

 ICO Scam That Raised $15 Million Halted By SEC 

While many questions around how existing securities law apply to initial coin offerings remain unanswered, the Securities and Exchange Commission has always made one thing clear: do not not engage in fraud.

On Monday, its new Cyber Unit, created in September to, among other things, regulate ICOs, took its first action, against PlexCoin, which promised investors a more than 13x return within a month.

It obtained an emergency asset freeze against Dominic Lacroix, whom it called a “recidivist Quebec securities law violator,” his partner Sabrina Paradis-Royer and PlexCorps. It also filed charges against LaCroix and PlexCorps alleging that they sold securities claiming investments in PlexCoin would bring profits of 1,354% profit in less than 29 days.

Since August, PlexCoin had raised $15 million from investors both in the U.S. and beyond. According to Coinmarketcap, the price plunged from 15 cents Sunday to as low as 5 cents Monday.

Today’s Reading List:

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New ICOs

NAMESTARTING DATEICO CAPCURRENCYAMOUNT RAISED% OF CAP
ICOs STARTED YESTERDAY (04/12/17)
Myfoodcoin (Presale)04/12/178,000,000USD
Ins Ecosystem04/12/1760,000ETH35,000
BOCC04/12/171,500,000USD
Potentiam (Presale)04/12/1725,000,000USD
Daneel (Presale)04/12/1713,050,000USD
Betex04/12/174,750,000USD
ICOs STARTING TODAY (05/12/17)
VVtokens05/12/1730,000,000USD
Artex Global05/12/1715,000,000USD
Rexpax (Presale)05/12/1727,000ETH
Rentberry (Presale)05/12/17500,000ETH
Visacoin 05/12/176,800,000USD
SETHER (Presale)05/12/17165,000ETH
DenCity05/12/1730,000,000USD
ICOs STARTING TOMORROW (06/12/17)
Handelion06/12/1726,800,000EUR
CoinStarter06/12/17154,622ETH

Recently Closed ICOs

NAMESTARTING DATECLOSING DATEICO CAPCURRENCYAMOUNT RAISED% OF CAP
QASH06/11/1705/12/17150,000ETH
Whizz Coin03/11/1705/12/1776,500ETH3

Tokens Listed on Exchange

NameTicker SymbolExchangeListing DateICO Closing DateStart Trading PriceICO PriceChange since ICOCurrency
Presearch(PRE)HitBTC05/12/1709/08/170,1218340,1+21.83%USD

Ongoing ICOs

See the Full List of Ongoing ICOs Here

 

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