An alleged kidnapping, duped investors and losses topping $40 million — those are some of the newest details emerging as authorities try to unravel what Canada's self-proclaimed Crypto King did with the money investors gave him.
According to claims spelled out in a new trustee report from bankruptcy proceedings against Aiden Pleterski, while authorities were trying to track down millions of dollars given to him to invest, the 24-year-old was allegedly kidnapped in the middle of the night last December. The trustee believed much of it went to fuel a lavish lifestyle and that very little of it was actually invested.
CBC Toronto contacted Pleterski's lawyer for comment on the latest allegations, but has not heard back.Ontario's self-proclaimed Crypto King kidnapped, beaten for ransom, bankruptcy documents claimA new trustee report from bankruptcy proceedings shows Aiden Pleterski took in $41.5 million from investors, but only invested less than two per cent of it, and instead spent nearly $16 million on himself.
And it says Pleterski spent 38 per cent, or about $16 million of the money, on himself renting private jets, going on vacations and adding luxury cars to his collection.Needing some place to store all of it, the report says Pleterski used investor money to put down a $500,000 deposit to buy a warehouse in Ajax.
Pleterski, for his part, told the trustee that when cryptocurrency fell in the fall of 2021, he lost investments but tried to get peoples' money back.
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