Durham Police Arrest ‘Crypto King’ on Fraud Charges
Authorities in the Greater Toronto Area have apprehended and pressed charges against an individual who identified himself as the “crypto king” following an investigation into an alleged investment scam involving millions of dollars.
The Durham Regional Police have disclosed that 25-year-old Aiden Pleterski is facing charges of fraud exceeding $5,000 and money laundering.
Reports indicate that complaints began to surface in July 2022 regarding an investment swindle that promised significant weekly returns through purportedly astute investments.
Law enforcement alleges that Mr. Pleterski, hailing from Whitby, Ont., alongside a 27-year-old accomplice, were implicated in the operation.
Bankruptcy documents linked to Mr. Pleterski suggest that he received $41.5 million from investors, with only 1.6% of the funds actually being invested, while $15.9 million was squandered on lavish items like luxury vehicles and private jet rentals.
The trustee’s report indicates that approximately $431,000 has been recuperated from his bank accounts.
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The Durham Regional Police and the Ontario Securities Commission promise to divulge additional specifics during a press briefing slated for May 16.
