'I haven't done anything criminally wrong': Arrest warrant issued for 'crypto king' associate in Dubai
CTV
An Ontario judge has ordered the arrest of an associate of the self-proclaimed ‘crypto king’ after he refused to surrender his passport and claimed he fled to Dubai instead.
An Ontario judge has ordered the arrest of an associate of the self-proclaimed ‘crypto king’ after he refused to surrender his passport and claimed he fled to Dubai instead.
Ryan Rumble was found in contempt of court on Thursday after he ignored a court-issued order to surrender his passport by Dec. 1, after a deadline extension was granted to the Chatham, Ont., resident.
Rumble allegedly collected $14 million in investments from members of his community to operate a Ponzi scheme, feeding nearly one-third of the funds to Aiden Pleterski, a 25-year-old who allegedly operated a $40 to $100 million investment scam, according to court documents filed in a civil lawsuit.
So far no criminal charges have been filed against Pleterski, though bankruptcy proceedings are ongoing as investors try to recover millions.
Rumble, similarly, is not facing criminal charges. He was initially ordered to surrender his passport as part of civil proceedings stemming from his participation in the alleged Ponzi scheme.
“This is a civil matter. I haven't done anything criminally wrong,” Rumble said, appearing virtually in court on Dec. 14 wearing a baseball cap.
He claimed to be in Dubai, though his location was unidentifiable.
