AGL 41.65 Increased By ▲ 0.15 (0.36%)
AIRLINK 127.99 Decreased By ▼ -0.01 (-0.01%)
BOP 6.65 Increased By ▲ 0.39 (6.23%)
CNERGY 4.16 Increased By ▲ 0.03 (0.73%)
DCL 8.56 Increased By ▲ 0.12 (1.42%)
DFML 40.83 Increased By ▲ 0.14 (0.34%)
DGKC 87.10 Decreased By ▼ -0.80 (-0.91%)
FCCL 33.77 Decreased By ▼ -0.33 (-0.97%)
FFBL 65.70 Decreased By ▼ -0.63 (-0.95%)
FFL 10.50 Decreased By ▼ -0.06 (-0.57%)
HUBC 109.50 Increased By ▲ 0.80 (0.74%)
HUMNL 14.86 Increased By ▲ 0.40 (2.77%)
KEL 4.86 Increased By ▲ 0.21 (4.52%)
KOSM 7.65 Increased By ▲ 0.32 (4.37%)
MLCF 42.48 Decreased By ▼ -0.24 (-0.56%)
NBP 61.24 Increased By ▲ 0.40 (0.66%)
OGDC 182.71 Increased By ▲ 3.74 (2.09%)
PAEL 25.35 Decreased By ▼ -0.35 (-1.36%)
PIBTL 6.23 Increased By ▲ 0.17 (2.81%)
PPL 148.10 Increased By ▲ 1.95 (1.33%)
PRL 24.82 Decreased By ▼ -0.09 (-0.36%)
PTC 16.21 Increased By ▲ 0.07 (0.43%)
SEARL 69.58 Decreased By ▼ -0.62 (-0.88%)
TELE 7.35 Increased By ▲ 0.13 (1.8%)
TOMCL 36.45 Increased By ▲ 0.25 (0.69%)
TPLP 7.81 Decreased By ▼ -0.03 (-0.38%)
TREET 15.47 Decreased By ▼ -0.12 (-0.77%)
TRG 52.34 Increased By ▲ 1.98 (3.93%)
UNITY 26.90 No Change ▼ 0.00 (0%)
WTL 1.24 No Change ▼ 0.00 (0%)
BR100 9,849 Increased By 54.8 (0.56%)
BR30 30,013 Increased By 365.8 (1.23%)
KSE100 92,461 Increased By 439.3 (0.48%)
KSE30 28,790 Increased By 125.4 (0.44%)

US market regulators said Monday they for the first time have shut down a digital currency investment scam, charging a company that took millions from investors, "falsely promising" a speedy, 13-fold profit. The Securities and Exchange Commission's new Cyber Unit filed charges against and froze the assets of Dominic Lacroix, a Canadian with a history of securities law violations, and his company PlexCorps.
The company sold securities called PlexCoin to investors in the US and elsewhere, raising $15 million since August, and promising a return of 1,354 percent within 29 days, the SEC said in a statement. These were the first charges filed by the Cyber Unit the SEC created in September to focus on fraudulent initial offerings of digital currency and other crimes.
"This first Cyber Unit case hits all of the characteristics of a full-fledged cyber scam and is exactly the kind of misconduct the unit will be pursuing," the unit's chief Robert Cohen said in a statement. "We acted quickly to protect retail investors from this initial coin offering's false promises."

Comments

Comments are closed.