Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme
Summary
Two Canadian men, Aiden Pleterski and Colin Murphy, have been charged with fraud for allegedly defrauding investors of $40 million CAD in a crypto and foreign exchange investment scheme. Pleterski, known as the "Crypto King," is accused of using investor funds for personal expenses, including luxury cars and international travel. Pleterski was allegedly kidnapped and tortured by victims of the scheme, and four perpetrators have been arrested. The Ontario Securities Commission will release further information on the case.
