Case Overview:

• Dominic Lacroix was convicted of three violations under the Loi sur les valeurs mobilières (LVM):
  1. Placement without a prospectus: Violated Article 11.
  2. Providing false and misleading information: Violated Article 12 and Paragraph 197(1).

Offenses and Facts:

• Lacroix launched the "Plexcoin" cryptocurrency through Plexcorps, soliciting investments globally from June 30 to October 3, 2017, using deceptive marketing on Facebook.
• He falsely claimed partnerships, expert teams, and guaranteed returns up to 1,354% in 30 days.
• Investors were promised a Visa-linked credit card, virtual wallet, and bank, none of which materialized.
• Over $10.7 million was raised; Lacroix diverted nearly $6 million for personal use (e.g., luxury purchases).

Aggravating Factors:

• Lacroix had prior convictions (2013) for similar offenses under the LVM.
• He ignored court orders, continued fraudulent activities, and showed no remorse.
• His actions undermined financial market integrity and involved deliberate deception.

Sentencing:

1. False and misleading information (197(1)): 42 months imprisonment.
2. Placement without prospectus (Article 11): 18 months (concurrent).
3. Non-compliance with Article 12: Maximum fine of $150,000.

Key Judicial Principles:

• Emphasis on proportionality, deterrence, and protecting market integrity.
• Recognition of Lacroix's risk of reoffending and history of defiance against regulations.

Total Sentence:

• 42 months imprisonment (concurrent terms) and a $150,000 fine, payable within six months.