Canadian 'Crypto King' and Associate Arrested for $40M Fraud

Aiden Pleterski and Colin Murphy face charges after a 16-month investigation into investment schemes that left investors defrauded.

Pleterski and Murphy received over C$40 million from investors but invested less than 2% of the funds.
The investigation began in July 2022 following numerous complaints from defrauded investors.
Pleterski flaunted his wealth on social media, showcasing luxury cars and international travel.
Both men have been charged with fraud and laundering the proceeds of crime.
Pleterski was released on C$100,000 bail and must surrender his passport.