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Ontario's 'Crypto King' arrested after Durham police's largest fraud investigation ever
Ontario's self-proclaimed Crypto King was arrested and charged with fraud and money laundering this week following what Durham Region's police chief called the "largest fraud investigation" the region had ever seen.
Those complaints about Pleterski and his company AP Private Equity, in July 2022, kicked off a joint-investigation between Durham Regional Police and the Ontario Securities Commission (OSC) dubbed Project Swan, according to Moreira. An investigation by a licensed insolvency trustee found Pleterski only invested about two per cent of investor funds while spending nearly $16 million on himself — renting private jets, going on vacations, adding luxury cars to his collection and leasing a lakefront mansion prior to his bankruptcy. Pleterski's bail conditions include surrendering his passport, not contacting investors, refraining from making any social media posts involving financial matters like investments, and not buying or trading cryptocurrencies, according to court records.
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