Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD –i n a crypto and foreign exchange investment scheme.
The criminal charges, which are the result of a 16-month investigation Canadian authorities are calling Project Swan, come amid an ongoing bankruptcy case tied to the alleged scheme that has been the subject of much media attention in Canada. The trustee overseeing the bankruptcy case concluded that Pleterski only invested 2% of the money he was given, and spent at least $16 million on himself – buying over 10 luxury cars, traveling internationally, and renting a $8.4 million lakefront mansion for $45,000 per month. Two McLarens, two BMWs and a Lamborghini were seized during the bankruptcy process.
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