Self-Proclaimed ‘Crypto King’ Arrested for Fraud: Durham Police

Published on May 15, 2024

Police in the Greater Toronto Area say they’ve arrested and charged a man who called himself the “crypto king” after an investigation into an alleged investment fraud involving millions of dollars. Durham Regional Police say 25-year-old Aiden Pleterski has been charged with fraud over $5,000 and laundering proceeds of crime. Police say they began receiving complaints in July 2022 about an investment fraud promising large weekly profits through “savvy investments.” They allege Mr. Pleterski, of Whitby, Ont., and a 27-year-old associate, were involved in the scheme. Bankruptcy filings related to Mr. Pleterski show that he allegedly received $41.5 million from investors but only invested 1.6 per cent of the funds, instead spending $15.9 million on exotic vehicles, private jet rentals and other luxuries....

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