Aiden Pleterski, a 25-year-old self-proclaimed "Crypto King," has been arrested and charged with fraud and money laundering in connection with an alleged Ponzi scheme that defrauded victims of approximately $30 million. The arrest follows a 16-month investigation, dubbed "Project Swan," which involved extensive interviews, court orders, and financial document analysis.

Pleterski, along with his associate Colin Murphy, 27, allegedly orchestrated the scheme, which has garnered significant media attention in Canada. If found guilty, Pleterski faces a maximum sentence of 14 years in prison. The Ontario Securities Commission noted that Pleterski was not registered with any Canadian securities regulator, and authorities believe he may have continued soliciting investors as recently as February 2024.

It's important to note that the allegations against Pleterski have not been proven in court. However, the case takes a disturbing turn with reports of Pleterski's kidnapping and torture by five individuals claiming to be his victims last year. The suspects were arrested and charged with kidnapping for ransom and other offenses. After being held captive for three days, Pleterski was released, but not before being pressured to produce a sum of money. A video obtained by CBC News shows a visibly injured Pleterski apologizing and expressing regret for any harm caused.