There is finally some positive news for victims of fraudulent cryptocurrency scheme PlexCorps, aka PlexCoin. The United States Securities and Exchange Commission (SEC) has provided an important notice to those affected on how they can claim compensation.

The SEC notes that the Superior Court of Québec has issued a Claims Procedure Order.

Any person who believes that he or she has a claim of any nature, present and future, certain or contingent, liquidated or unliquidated, whether it is due now or at a later time, arising out of any obligation incurred by Dominic Lacroix, including without limiting the generality of the foregoing, claims relating to the acquisition of PlexCoin in the context of the fundraising that led to the issuance of the PlexCoins as well as loans solicited by Dominic Lacroix, Sabrina Paradis-Royer, PlexCorps, DL Innov inc., Micro-Prêts inc. or FinaOne inc. must submit a proof of claim with the Receiver by completing the online claim form at the address https://www.raymondchabot.com/en/companies/public-records/dominic-lacroix/.

The claims have to be submitted no later than on August 4, 2021 (the “Claims Bar Date”).

Any person who is unable to complete the online claim form may contact the Receiver by email at plexcoin@rcgt.com or by phone at 1-888-385-0577 to make alternative arrangements for the filing of a Proof of Claim, which must nevertheless be filed with the Receiver at the latest on the Claims Bar Date.

A Creditor who has not filed his Proof of Claim with the Receiver before the Claims Bar Date will not be entitled to any further notice, and will be forever barred from pursuing a Claim against the Receiver, will not be entitled to receive a distribution under any distribution plan approved by the Court in these proceedings, and all such Claims will be forever inadmissible.

Let’s recall that, on December 1, 2017, the SEC filed a Complaint against PlexCorps, Dominic LaCroix, and Sabrina Paradis-Royer, and at the same time, sought and obtained temporary restraining orders, to stop the Defendants’ dissemination of a series of material false and misleading statements and the misappropriation of investor assets in connection with the illegal offering for unregistered securities known as PlexCoins through the PlexCoin Initial Coin Offering (ICO).

In its complaint, the SEC alleged that PlexCorps, and its proprietors Lacroix and Paradis-Royer, fraudulently raised millions of dollars in virtual and fiat currency from the unregistered sales of PlexCoin based on a series of false and misleading statements to potential and actual investors, including misrepresentations about the size and scale of PlexCorps’ operations, the use of funds raised in the PlexCoin ICO, and the amount of funds raised in the PlexCoin ICO.

The SEC charged the defendants with violations of Section 10(b) of the Securities Exchange Act of 1934.