KEY POINTS
Self-proclaimed “Crypto King” Aiden Pleterski finds himself at the center of a financial storm. The 25-year-old social media personality, who once thrived in the limelight of the crypto world, now faces serious legal repercussions.
Pleterski’s Accusations
Pleterski has been alleged to have masterminded a large-scale Ponzi scheme, resulting in the loss of millions of dollars for investors.
Following a thorough investigation, Canadian authorities have pressed charges against him, including one count of fraud exceeding $5,000 Canadian dollars (equivalent to approximately USD$3,666) and money laundering.
Also, Colin Murphy, Pleterski’s colleague, is facing a similar case. His charges are linked to the investigation “Project Swan,” a joint initiative involving the Durham Regional Police Service (DRPS) and the Ontario Securities Commission (OSC), whose mission is to safeguard investors from unjust practices and promote trust in capital markets.
The collaborative task force successfully exposed the intricate deceit orchestrated by Pleterski and Murphy. As for the accusations against Pleterski, a publication ban was imposed on May 14, 2024, in accordance with subsection 517(1) of the Criminal Code.
The Fallout
Pleterski was held for a bail hearing, while Murphy was released on an undertaking. Investors who were solicited by either of them are urged to contact the OSC for further information.
This inquiry was supported by the Toronto Police Service, the York Regional Police, and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
