Aiden Pleterski is a Canadian-born self-proclaimed Crypto king. Born on November 18, 1998, in Whitby, Ontario, Canada, He has recently been at the center of a fraud and Ponzi scheme investigation.
Pleterski has been accused by multiple creditors/investors of inducing them into making substantial investments through fraudulent social media posts and misrepresenting himself as a successful Foreign Exchange/Crypto Currency trader. He has been described as the self-described “Crypto King” and his company, AP Private Equity Limited, has been petitioned into bankruptcy by certain creditors.
“Canadian Crypto King, Aiden Pleterski Kidnapped and Held for Ransom of $3 Million”
New court filings claim that Canadian “Crypto King” Aiden Pleterski was abducted and tortured for three days. According to Rob Stelzer, appointed bankruptcy trustee on the case, statement to CTV News Toronto in early December, Toronto police had informed him that Pleterski had been kidnapped, and he speculated that it might have been because Pleterski owed a lot of money to many people.
Court transcripts from examinations with Pleterski’s father and landlord, which CTV News Toronto reviewed, shed more light on the kidnapping. Pleterski’s father told the court that his son had been taken, beaten, and tortured for three days, during which he was only allowed to make specific phone calls to certain individuals, excluding his father.
“He was taken. They basically held him for approximately three days, drove him around different, various parts of southern Ontario, beat him, tortured him, allowed him to make specific phone calls to specific people only. I was not one of those people that he was allowed to contact,” Pleterski’s father said to the court in December.Source: Yahoo News
Pleterski’s landlord, who was one of the individuals he was allowed to call, testified that Pleterski had requested $3 million in ransom from him. However, the landlord refused to pay the ransom, and Pleterski was eventually released by the kidnappers near the landlord’s residence on the condition that he came up with the money quickly.
“I received multiple calls from Aiden, but it was late at night … and then at around 1:30 a.m., I finally had enough, and I picked up the call,” his landlord said in court on Feb. 9.
Pleterski said he had no one else to call, according to his landlord. “I said, ‘There’s absolutely nothing that I can do.’”Source: Toronto CTVnews
The bankruptcy report did not provide any further updates on Pleterski’s release, and the Toronto police spokesperson declined to confirm any information about the victim, witnesses, or suspects in the case.
Pleterski declared bankrupt
Aiden Pleterski, the self-described “Crypto King“, and his company AP Private Equity Limited were petitioned into bankruptcy on August 9, 2022, on application by certain of their creditors. David Gadsden, Michael Nowina, and Ben Sakamoto at Baker McKenzie act for the creditors who brought the bankruptcy applications. The bankrupts claimed to have operated an investment business in which, among other things, investor monies were invested into cryptocurrency and foreign exchange positions.
According to a recent trustee report from the bankruptcy proceedings, Aiden Pleterski received $41.5 million from investors, supposedly for investment in cryptocurrency and foreign exchange. However, he invested less than two percent of it, just $670,000, and spent about $16 million on personal expenses such as private jets, vacations, luxury cars, and a $1 million mansion in Burlington, for which he paid a monthly rent of $45,000 and put down a deposit to purchase. He even used investor funds to buy a warehouse in Ajax, depositing $500,000.
One of his associates, Colin Murphy, allegedly received $1.3 million from the scheme. Despite investors coming forward to recover $25 million, bank records suggest that Pleterski received more than $41 million, implying that there may be other investors who lost $16 million but have remained silent about their recovery efforts. When confronted by the trustee, Pleterski claimed to have lost investors’ money during the fall of 2021 when the cryptocurrency market crashed, but he tried to recover it.
Investors Pursue Legal Action Against Pleterski to Recover Funds
In September, it was reported that Pleterski had lost possessions worth $2 million, including his automobiles, jewelry, and other items. In the following month, it was revealed that he had refused to hand over his diamond-encrusted Rolex watch, Audi car, and mobile phone to the bankruptcy trustee. Bankruptcy court records show that Pleterski had earned over $40 million from investors, but he had spent $16 million of that amount on personal expenses. The bankruptcy trustee suspects that some investors may still be concealing their losses.
According to documents, Pleterski was released after a few days but was given instructions to quickly find the money owed. When CBC Toronto reached out to Pleterski’s attorney for comment on the recent accusations, no response was received.
“Aiden ran a business in which he told people he would invest their money and that’s not what happened,” Rob Stelzer, appointed bankruptcy trustee on the case, told CTV News Toronto. “He really didn’t do what he said he was going to do.” “I mean, obviously, he owes a lot of people a lot of money,” Stelzer said.Source: toronto.ctvnews
Numerous investors have now hired attorney Norman Groot to file legal lawsuits against Pleterski in an attempt to recover their lost funds. Groot believes that the $41.5 million figure may only represent the tip of the iceberg since it does not account for the cash or digital currency that Pleterski received or transferred. The actual losses incurred by the investors may be twice as much as the reported amount.
The Instagram Life of Aiden Pleterski
Aiden Pleterski AKA the “crypto king,” was known for being a prominent entrepreneur and investor who has made a name for himself with his accurate predictions in the cryptocurrency market before Declaring Bckgupt. With a massive following of 95.3k on Instagram, where he goes by @aiden.ptrs, Aiden was known for showcasing his luxurious lifestyle, often featuring his collection of luxury cars.
His rise to fame can be attributed to his interest in cryptocurrency, which started when he purchased his first low-priced coin back in 2015. Despite experiencing the ups and downs of the bitcoin market, Aiden has held onto his coins and has become a successful crypto entrepreneur.