Canadian “crypto king” arrested in $30 million fraud
Canadian authorities arrested and charged two men with fraud for allegedly defrauding investors of $40 million CAD (approximately $30 million USD) in a bogus cryptocurrency investment scheme. The Ontario Securities Commission announced the charges on Wednesday. Aiden Pleterski, 25, known as the “Crypto King,” was charged with fraud and money laundering. Colin Murphy, 27, was charged with fraud. The charges stem from a 16-month investigation dubbed Project Swan, coinciding with an ongoing bankruptcy case. Playing with investor fundsCourt documents and local media reports indicate that between 2...