A few days ago I wrote a short review regarding an ICO that should commence today, the coin was called Plexcoin, if interested the blog can be found on my profile. I have outlined in the review that the project is an apparent scam and warned against investing in such a project. Today I recieved an email from the Autorité des marchés financiers, the french stock market regulator. The email is shown below.
AMF urges utmost caution regarding solicitations relating to PlexCoin
The Autorité des marchés financiers (the “AMF”) strongly cautions consumers against solicitations relating to PlexCoin, being marketed as a virtual currency.
On July 20, 2017, at the request of the AMF, the Financial Markets Administrative Tribunal (the “Tribunal”) issued various ex parte orders against PlexCorps, PlexCoin, DL Innov inc., Gestio inc. and Dominic Lacroix in connection with their activities relating to an investment in the purchase of PlexCoin.
The Tribunal prohibited PlexCorps, PlexCoin, DL Innov inc., Gestio inc. and Dominic Lacroix from engaging in activities for the purpose of directly or indirectly trading in any form of investment described in section 1 of the Securities Act, including the solicitation of investors in Québec and the solicitation, from Québec, of investors outside the province.
The Tribunal also ordered them to withdraw any advertisement or solicitation made on an Internet forum or elsewhere relating to securities or any forms of investment, published or distributed by them directly or indirectly on the Internet or elsewhere and to close websites plexcorps.com and plexcoin.com as well as any similar website that is published or distributed by them directly or indirectly or failing which, to make the sites inaccessible to any IP address in Québec so that Québec residents are unable to consult the sites.
Since July 20, 2017, actions taken by the AMF show that the persons involved have apparently not complied with these orders. Moreover, the presale of PlexCoin is scheduled to begin in a few hours.
Under these circumstances, the AMF wishes to notify consumers of the major risks of loss that could stem from responding to this invitation to invest.
Let me hear your thoughts in the comments below.
Innovation is terrifying, but cryptocurrency is here for the long haul and to change the world. We already are observing this phenomenon.
We notice an increase in the number of companies from different sectors that are taking
their first steps towards adopting the blockchain technology. They understand that it is pressing to be ahead and beat the competitors.
A few years ago I came across Bitcoin and didn't bother paying attention to it. Now its more than $3400. This time I'm setting aside some for Plexcoin. I suggest investing an amount you are willing to lose. It may be a risk worth taking. I suggest the 61 pages white paper thoroughly for complete details: https://www.plexcoin.com/?ref=XIhqoRGIJ4
Entiendo toda la insertidumbre que se esta dando desde hace una semana, cada ves mayor. Al menos yo por mi parte invertire solo lo que estoy dispuesto a perder