Shocking Arrest: Alleged $30 Million Ponzi Scheme Unveiled
Aiden Pleterski, self-proclaimed “Crypto King”, and his associate, Colin Murphy, both arrested for allegedly defrauding investors of $40 million Canadian dollars in a Ponzi scheme related to cryptocurrencies and the foreign exchange market.
- 16-month investigation named Project Swan led to fraud and money laundering charges against Pleterski and Murphy.
- Pleterski and AP Private Equity Limited raised $40 million from 160 investors promising profitable crypto investments.
Massive Spending on Luxury Items
Court documents reveal that only 2% of the funds were invested, with over $16 million spent on luxury items by Pleterski.
- Expenses included 10 luxury cars, international trips, and an $8.4 million lakefront villa rented at $45,000 per month.
- During bankruptcy, two McLarens, two BMWs, and a Lamborghini were seized.
Pleterski, a streamer, documented purchases and vacations in online videos, including a $150,000 investment in Lego sets.
Kidnapping of the Alleged Crypto King
In December 2022, Pleterski was kidnapped, beaten, and tortured by five alleged victims of the Ponzi scheme. They demanded a $3 million ransom for his release.
- Pleterski was held for three days and released after the ransom was paid.
- A video of him apologizing to investors while bruised and swollen was posted on social media.
- Four kidnappers were arrested and charged.
Latest Developments
During bankruptcy proceedings, Pleterski described himself as “a disorganized twenty-year-old boy,” admitting to financial mismanagement.
- Released on $100,000 bail, supported by his parents, with strict conditions.
- Conditions include surrendering passport, no social media posts about finances, and no crypto trading.
The Ontario Securities Commission will provide further details on the case soon.
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