Plexcoin ICO is a Scamcoin – New Information Released!

August 2017
By Sam
Posted: Updated:
16 Comments

I have to admit, I was caught up in the Plexcoin buzz for a few days as I was in the sub 1000 category for fundraising.

But with no whitepaper, no public representation of any team members, telegram chat, or any other outreach, the whole project just seemed fishy.

Then last night, to my surprise, I received the following letter which is posted in full 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.

It was too good to be true really. You can’t promise the world without being a scam. These guys were never going to get their untraceable coin approved by visa or be allowed to exchange it freely into other currencies.

The ICO is still planned to occur Aug 7, however, it will be interesting if anyone actually subscribes to it now.

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16 Comments
 
  1. Kim / August 6, 2017 at 12:44 pm /Reply

    There are a whitepaper IF you didnt know

    • admin / August 6, 2017 at 1:49 pm /Reply

      How do you respond to these accusations though?

  2. BigBallBambino / August 8, 2017 at 6:06 pm /Reply

    You and others like you are ignorant, just pushing your own propaganda… I did my own research dumbass… plexcoin would not respond to the rumors floating across the internet so of course the AMF issues warning, which created more bullshit…. The 2 places where you are not “allowed” to buy are Quebec and U.S… the U.S. due to no regulation so technically could be a problem in a court of law for Plexcoin as U.S. Courts would not accept their terms/contract in a court of law and similarly Quebec but mostly because some little man’s feelings got hurt because his ego got shoved up his ass due to plexcoin/plexcorp desire to keep all areas of project confidential… You and many others look like half witted dumb fucks now……. the project is much bigger then your personal opinion or your personal financial positions…. btw I bought 50,000 plexcoin just for shits and giggles oh guess what else “I’m a Red Blooded American” and purchased them anyways…… Because youd be one dumb son of a bitch not too…
    I’ll let you know what I sold coins for after purchasing for a mere .13 cents…….

    • admin / August 9, 2017 at 11:37 am /Reply

      Alright, but the company is run by a known scammer. You are supporting his immorality.

      • Iseethecraponbothsides / August 10, 2017 at 11:25 am /Reply

        By your own admission as well as most other articles written to “denounce” plexcoin it is stated that nobody knows who the team behind this is, yet here you are stating you know who the head honcho is and he is a scammer.

        If that’s the case then why not say his name, if your assertions are based in fact you should not fear the accusations you make of him.

        Furthermore the AMF has not stated exactly what is driving them to denounce plexcoin, neither are you. If the point of the article is to be factual and to warn people where are the details then??

        This is why people are taking your word with a pinch of salt, it sounds more like propaganda and politics then anything else.

        Can you see where people are coming from??

      • Daniel / August 10, 2017 at 5:48 pm /Reply

        How do you know the owner is a “scammer”?

      • Anonymous / September 8, 2017 at 4:38 am /Reply

        Tell these hater again I to am a proud plexcoin holder and all the doubters let them doubt more coins for the believers

    • Anonymous / September 18, 2017 at 5:01 am /Reply

      Good job

    • Homer jackson / November 12, 2017 at 7:20 am /Reply

      What a god damn motherfucking son of a bitch, why in tarnation is that ho spreading like Britneys legs !!

  3. Daniel / August 10, 2017 at 6:03 pm /Reply

    I have read many opinions on Plexcoin and still have not seen or read one statement that has been based on facts, yes the Providence of Quebec has issued a ruling against them but the article does not mention why this occurred, No mention in the article or in the ruling what they were in violation of. As for the Head guy being a scam artist, no information there either.
    People have complained that the white paper has grammar errors and spelling errors, I don’t find this surprising since most of the people working on the project are reportedly from countries all over the world, I wish I was fluent in another language or two, but I still have not mastered English, so that probably won’t happen.
    What I have seen so far makes me sceptical but not anti-Plexcoin, It could be a game changer for Crypto, I have in fact purchased several hundred using PayPal successfully, I will wait to see if these, like many others, will amount to anything. Just use caution and don’t spend more than you can afford to lose.

  4. Gideon / August 27, 2017 at 4:02 am /Reply

    The plexcoin owner is Dominic Lacroix. He has been found guilty of fraud multiple time and had his personal assets frozen…one good reason to create a scam to obtain millions from followers….his girlfriend helped run DLINNOV.COM which by the way is the same person paypal reversed payments from when refunds were given out. Amazes me how all you people blab like you did your research when obviously you did not!

  5. Biff / September 13, 2017 at 7:55 pm /Reply

    Yes I would think that this can change the world of banking as we know it. Why do you think the AMF would say this because it does not play in their ball park of things. Who do you think the AMF work for not us the bankers.

    Many other ICO’s did have large promises of ROI that were greater than Plexcoin including bitcoin who was dang near 2000% return. There is a great fear of the money as we know it becoming obsolete and the crypto world decentralizing the banking system. All the big players and company’s like Microsoft, Amazon and others are diving in on this crypto currency way of life. Why would we not that chance to rid ourselves of a corrupt system.

  6. Gideon / September 20, 2017 at 4:12 am /Reply

    So plexcoin just got their Facebook page shut down! But a bunch of worshippers still hoping to believe.

  7. PCB / September 21, 2017 at 1:49 am /Reply

    FTR, if I recall correctly, no one knew who was behind BTC at the start. And look at it now.

  8. Lance / September 23, 2017 at 10:49 am /Reply

    Facebook page is back online
    @plexcoin

    I’ve bought 500 dollars worth, interested to see how it goes

  9. Tom Appleton / October 14, 2017 at 1:08 pm /Reply

    I bought $10 worth for a bit of my mining from plex.tech.

    But with plex.com being down and if the owned IS as stated above, then it’s looking more and more simply a hyip/scam type site.

    Ah well .. there goes my $10 of mined coins, woe is me.

    But $500 ???

    That’s just bat mad hahaha..

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