Posted 2/2/2024, 7:20:00 PM
Associate of Ontario Crypto Scheme Sentenced for Contempt of Court
- An associate of Ontario's "crypto king" sentenced to 5 months in jail for refusing to surrender iPhone and destroying data
- Colin Murphy, 27, found in contempt of court for not complying with order to repay investor $120K and surrender assets
- First criminal charge related to Aiden Pleterski's alleged $40M Ponzi scheme involving hundreds of investors
- Murphy allegedly operated own Ponzi scheme, still working to recover his surrendered truck and Porsche to liquidate assets
- Pleterski forced into bankruptcy but continues soliciting investments online; investigation into possible criminal fraud charges ongoing