The Superior Court of Quebec began the process against the organizer ICO Plexcoin

The Supreme Court of Canadian Quebec accuses the organizer of ICO PlexCoin and the head of DL Innov inc, Dominic Lecroix, in disobeying the regulator - it repeatedly ordered to stop investing money from investors on PlexCoin (the Altocum on the basis of the Etherium). In July, the Commission for the Supervision of the Financial Market of France (AMF) issued regulations prohibiting companies Lecruix and some other projects that are associated with it, to engage in "any form of investment", as well as close all sites related to PlexCoin, and withdraw all advertising .

The Autorité des marchés financiers (AMF), Quebec’s chief financial regulator, announced in a statement that the Quebec Superior Court — the province’s highest trial court — had found Dominic Lacroix and an associated company, DL Innov inc, in contempt for violating an earlier court order related to the PlexCoin ICO.

In July, the AMF had issued orders prohibiting Lacroix and several associated companies from promoting “any form of investment” to investors in Quebec and operating an investment scheme from within the province, even if it was targeted solely at investors who did not live in Quebec. The order specifically mentioned PlexCoin, an ethereum-based token that markets itself as “the next cryptocurrency” and advertises the “potential profit” that investors will make by participating in the early stages of the now-concluded PlexCoin ICO.

In addition, the Financial Markets Tribunal (TMF) ordered PlexCoin to cease advertising on the internet — anecdotal accounts indicate the PlexCoin ICO had engaged in an aggressive Facebook ad campaign — close its Facebook accounts, shut down its websites or at least block IP addresses originating from Quebec, and publish the TMF order on the homepage of all associated websites.

When it became clear that Lacroix and PlexCoin did not intend to comply with the orders, the AMF issued a bulletin warning investors about the risk of investing in the ICO.