Judicial Drama in Crypto King Case: Associate Receives Jail Time for Court Contempt
Colin Murphy, a known associate of the notorious Canadian ‘Crypto King’ Aiden Pleterski, has been given a 5-month jail term for defying court orders in Oshawa, Ontario. This sentence follows Murphy’s refusal to surrender his iPhone and allegations of data deletion when a search warrant was executed. Amid the intensifying ‘Crypto King prison’ storyline, Murphy was sued by an investor alleging a loss of $120,000 given to Murphy for investment in Pleterski’s digital currency venture. Despite a court directive to sell $120,000 worth of his assets, which includes high-end cars and firearms, Murphy persistently denied having any money for reimbursement. Further fueling the ‘Crypto King prison’ plot, Pleterski himself is in a precarious situation, owing a staggering $40 million to 160 financiers following his failure to repay investment funds. Investigations uncovered that less than 2% of the funds were actually invested, while a significant $16 million was squandered on personal extravagances like private airplanes and sports cars.
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