investment fraud

Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation.

Canadian police are charging self-declared “crypto king” and social media personality Aiden Pleterski with one count of fraud over $5,000 Canadian dollars ($3,666) and money laundering after a lengthy investigation. His associate Colin Murphy was also charged with fraud, police and the Ontario Securities Commission (OSC) have announced.

Pleterski was arrested on May 14 and freed on the same day on C$100,000 bail provided by his parents. Colin Murphy faces the charge against him for soliciting investments and falsely claiming to receive “large weekly profits through savvy investments.” Murphy was released on a promise to appear in court.

Related: Canadian police warn crypto investors on growing home robbery trend

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