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Posted May 15, 2024 12:52 pm
Updated May 15, 2024 3:16 pm
1 min read
How to protect your money from crypto scams
An Ontario man who reportedly proclaimed himself the “Crypto King” has been arrested by Durham Regional Police.
In a news release Wednesday, Durham police said the so-called Crypto King, 25-year-old Aiden Pleterski from Whitby, is facing charges of fraud over $5,000 and laundering the proceeds of crime.
Colin Murphy, a 27-year-old Oshawa man, is facing the same charges, police said.
Aiden Pleterski, a 25-year-old Whitby man who reportedly proclaimed himself the “Crypto King,” has been arrested and charged by Durham Regional Police.
Durham Regional Police/Photo
They said their 16-month-long probe began in July 2022 when the force began receiving “numerous complaints” about an investment fraud allegedly involving a Whitby man.
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During their investigation, police said they also became aware of another individual associated with that man, who also claimed to be generating large weekly profits through savvy investments.
“Victims provided money to him under similar circumstances, with the expectation that he was investing it on their behalf and would be returning them large profits,” police said.
“These victims were ultimately defrauded as well, and unable to recover their funds.”
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Police said Pleterski was held for a bail hearing, while Murphy was released on an undertaking.
They added further information will be released Thursday at a news conference scheduled for noon in Whitby.
Anyone with new information is asked to contact police at 1-888-579-1520 ext. 5353, or the Ontario Security Commissions at 1-877-785-1555.
© 2024 Global News, a division of Corus Entertainment Inc.
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