The Globe and Mail reports in its Friday edition that a self-proclaimed "Crypto King" has been arrested and charged with fraud and money laundering, police said Thursday, warning that they believe he tried to solicit new investors as recently as February. The Globe's Tavia Grant writes that Aiden Pleterski, 25, of Whitby, Ont., was charged with fraud over $5,000 and laundering the proceeds of crime, following an 18-month investigation, Durham Regional Police said. They said it was the largest fraud investigation ever in the region and that they are concerned there may be more victims. "It's alleged that Pleterski solicited funds from investors promising massive profits and also guaranteeing no loss from the original money put out by investors," Chief Peter Moreira said at a press conference in Whitby. "These investors became concerned when they were unable to access money held by Pleterski, and came forward to police." Colin Murphy, 27, who police described as an associate, was also charged with fraud. The filings also said he spent millions on his personal lifestyle, including luxury vehicles, private jets and elaborate vacations. Aiding the joint task force were FinTRAC and the Ontario Securities Commission.