Canadian social media star and self-proclaimed "crypto king", Aiden Pleterski, has been charged with fraud and money laundering. His associate, Colin Murphy, also faces fraud charges. Pleterski was arrested and released on a C$100,000 bail, while Murphy was released on a promise to appear in court. The charges follow a lengthy investigation into Pleterski's company, AP Private Equity, which began in July 2022 after numerous complaints. Pleterski, who declared bankruptcy in August 2022, allegedly raised C$41.5 million and invested just 1.6% of it, spending C$15.9 million on personal luxuries.