back to article Cryptocurrency lovers slip US watchdog $7m to make claims of ripping off investors, other rule breaking simply vanish

Two Canadian lovers have tentatively agreed to pay $7m to the SEC, America's financial watchdog, to settle a long-standing lawsuit. Dominic Lacroix and Sabrina Paradis-Royer raised $15m in funding for the launch of the PlexCoin, which they said would be used to fund the operation of the Canadian cryptocurrency group PlexCorps …

  1. Gene Cash Silver badge

    Hm.

    Raised $15m, paid $7m, does not include any admission of wrongdoing, still sounds like a net win to me.

    1. Sandtitz Silver badge

      Re: Hm.

      Raised $15m, paid $7m, does not include any admission of wrongdoing, still sounds like a net win to me.

      Perhaps that $7M covers the US investors idiots and the Canadian Government could and should make their own case then.

  2. Pascal Monett Silver badge

    Not very bright

    He actually thought that living in Canada was going to shield him against the SEC ? What a moron.

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