Time may have run out for the so-called ‘Crypto King’, Aiden Pleterski.
Pleterski has been charged with one count of fraud over $5,000 under Section 380(1)(a) of the Criminal Code, and one count of laundering proceeds of Canadian crime Under Section 462.31(1)(a) of the Criminal Code.
The charges’ details, subject to a publication ban, are the result of Project Swan, a joint investigation by the Durham Regional Police Service (DRPS) and the Ontario Securities Commission (OSC).
According to previously published media reports, Pleterski allegedly defrauded investors of $40 million.
Pleterski is also the subject of an ongoing bankruptcy action in civil court. According to documents posted online by bankruptcy trustee Grant Thorton, Pleterski has not complied with the terms of the bankruptcy, including providing a complete record of his business transactions and may be hiding assets.
None of the allegations have been proven in court.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.
