Ontario’s self-proclaimed ‘Crypto King’ arrested by Durham police. globalnews.ca

An Ontario man who allegedly “declared” himselfcrypto kingDurham Regional Police have made an arrest.

In a news release Wednesday, Durham police said a 25-year-old Whitby man and a 27-year-old Oshawa man are facing charges following a 16-month investigation.

Police said their investigation began in July 2022 when the force began receiving “numerous complaints” about investment fraud allegedly involving a Whitby man.

“During this investigation, the police also came to know about another person associated with this male who claimed to earn large weekly profits through sensible investments,” the police said in a release on Wednesday.

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“Victims provided him money under similar circumstances, with the expectation that he was investing it on their behalf and would return them large profits. “Ultimately, these victims were also defrauded and were unable to get their money back.”

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Aiden Platersky, the alleged “Crypto King,” and Colin Murphy are both facing charges of fraud over $5,000 and laundering the proceeds of crime. Police said Platerski was held pending a bail hearing, while Murphy was released on an undertaking.

Police said further information will be released at an afternoon news conference in Whitby on Thursday.

Anyone with new information is asked to contact police at 1-888-579-1520 extension. 5353, or the Ontario Safety Commission at 1-877-785-1555.

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