Company Information

Get to know PlexCorps

PlexCorps was a company founded by Dominic Lacroix in Quebec, Canada, that launched an Initial Coin Offering (ICO) for its proprietary cryptocurrency, PlexCoin, in 2017. The company fraudulently promised investors exorbitant returns, claiming investments would yield a 1,354% profit in less than 29 days. Investigations by financial regulators, including the U.S. Securities and Exchange Commission (SEC) and Quebec's Autorité des marchés financiers (AMF), exposed the operation as a major securities fraud scheme. The company's operations were subsequently halted by court order, its assets were frozen, and its founder was convicted of fraud and sentenced to prison.

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Crypto CryptocurrencyPRIMARY
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PlexCorps

United States

Founded in

Aug 2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(74 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.