Durham Police Investigate ‘Crypto King’ Aiden Pleterski’s Fraud Scheme
Arrests made in massive investment fraud case linked to Pleterski
Durham Regional Police are deepening their investigation into a “massive” fraud case allegedly involving Aiden Pleterski, a 25-year-old from Whitby known as Ontario’s self-declared “Crypto King.” Pleterski is facing charges of fraud over $5,000 and laundering the proceeds of crime. His associate, 27-year-old Colin Murphy from Oshawa, is facing the same charges.
Police announced Pleterski’s arrest on Wednesday and encouraged any potential victims to come forward, as the investigation is ongoing. Chief Peter Moreira stated that investigators have spoken to many individuals impacted by the alleged fraud and suspect there are more victims yet to be identified.
The 16-month-long probe, which began in July 2022, was initiated after Durham police received numerous complaints regarding an investment fraud scheme linked to Pleterski. He reportedly ran a company called AP Private Equity and was soliciting investments as early as February. Police discovered that victims were promised high returns on their investments, which they later found to be fraudulent.
“This is the largest case of its kind in the history of this police service,” said Det. David Jaciuk from the financial crimes unit. He emphasized the importance of checking the registration status of individuals or companies offering investment opportunities with the Ontario Securities Commission.
While Pleterski was held for a bail hearing, Murphy was released on an undertaking. Both individuals were not registered with the Ontario Securities Commission, which means they were unauthorized to provide investment advice or trade securities.
Senior investigator Stephen Henkel highlighted the extensive reach of the alleged fraud, indicating it spanned multiple jurisdictions. Police are urging anyone who believes they may have been defrauded to come forward and report their experience.
As the investigation unfolds, authorities continue to warn the public: “If it sounds too good to be true, it probably is.”
