Aiden Pleterski, known as the “Crypto King,” has been charged with fraud and money laundering after allegedly swindling millions from investors. Pleterski, a former Whitby high school student, is accused of using the funds to finance a lavish lifestyle, including exotic cars, private jets, and luxury vacations.
Only 1.6 percent of the $41.5 million Pleterski received was invested, according to court documents. The rest allegedly supported his extravagant spending.
Durham police began investigating Pleterski in July 2022 following numerous complaints. Another individual associated with Pleterski also defrauded investors under similar circumstances.
Pleterski has been charged with fraud over $5,000 and laundering proceeds of crime. A 27-year-old Oshawa man faces similar charges.