An Ontario man who reportedly proclaimed himself the “Crypto King” has been arrested by Durham Regional Police.
In a news release Wednesday, Durham police said the so-called Crypto King, 25-year-old Aiden Pleterski from Whitby, is facing charges of fraud over $5,000 and laundering the proceeds of crime.
Colin Murphy, a 27-year-old Oshawa man, is facing the same charges, police said.
They said their 16-month-long probe, which involved the Ontario Securities Commission’s enforcement branch, began in July 2022 when the force began receiving “numerous complaints” about an investment fraud allegedly involving a Whitby man.
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During their investigation, police said they also became aware of another individual associated with that man, who also claimed to be generating large weekly profits through savvy investments.
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“Victims provided money to him under similar circ*mstances, with the expectation that he was investing it on their behalf and would be returning them large profits,” police said.
An Ontario man who reportedly proclaimed himself the “Crypto King” has been arrested by Durham Regional Police. In a news release Wednesday, Durham police said the so-called Crypto King, 25-year-old Aiden Pleterski from Whitby, is facing charges of fraud over $5,000 and laundering the proceeds of crime.
Aiden Pleterski, Ontario's self-proclaimed Crypto King, is accused of bilking investors out of more than $40M. Police in Whitby, Ont., spoke to the media on Thursday after investigators charged him and an associate with fraud.
Ontario's 'Crypto King' arrested after Durham police's largest fraud investigation ever. Ontario's self-proclaimed Crypto King was arrested and charged with fraud and money laundering this week following what Durham Region's police chief called the "largest fraud investigation" the region had ever seen.
Pleterski is facing charges of fraud over $5,000 and money laundering after being arrested in Durham region on Tuesday. He has been released on a $100,000 bail with his parents acting as sureties.
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In December 2022, in the middle of the night, 25-year-old Aiden Pleterski was kidnapped in downtown Toronto. His captors released the self-proclaimed "Crypto King" after three days but under threat - Mr Pleterski had to come up with some money, fast, according to court documents.
The 25-year-old, who has lived a life of luxury, allegedly blowing millions of dollars of investors' money, was reportedly arrested on May 2 and subsequently released on $100,000 bail posted by his parents Dragan and Kathy Pleterski.
His lawyer later said the video was filmed during the kidnapping. It wasn't the first - or last - trouble for the young Canadian man who billed himself as a crypto whiz promising "savvy investments".
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