He is thought to have spent 12 million on a fleet of supermodel cars, luxury vacations and private jets
March 26, 2023 3:53 am
A young Canadian self-proclaimed “King of Crypto” was arrested and tortured after he defrauded investors out of millions of dollars he allegedly lavished on his lavish lifestyle, a recent lawsuit has been filed.
It was about Aiden Pleterski, 23, who is now in the process of losing, while the Canadian authorities try to recover 29 million, which they think they were surrounded by their hostages.
Of this money, only 1.6 million was returned, but Pleterski reports that the majority of it was spent on luxury, such as a private life, a fleet of supermodel cars and even dream vacations.
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New case details
The most recent revelations were presented by Pleterski’s father, who in a public report issued to the United States described what had happened with money handled by the young man. There it is described how Pleterski Jr. she was kidnapped in the early hours of the night in December last year.
The lawyer, named Adam Peters, explained that he received a call in the middle of the night demanding 3 million Canadian dollars, to which was added a later vision of Petelski driving through the city of Ontario with signs beaten and tortured.
The young man had been abducted for several days, apparently being released on the threat that if he did not have the money agreed upon, he would suffer a worse fate. Among the only prisoners he allowed himself to call, Pleterski contacted his master, from whom he borrowed millions as a reward. He refused to help her, stating that she could do nothing for him.
However, no suspects have been arrested in the incident, which is being investigated by Toronto police. Authorities have not provided information about the incident.
To be at the tip of the iceberg
According to attorney Norman Groot, the $29 million of Pleterski’s money saved by his victims could be just the beginning of the young man’s debt to his financial partners.
The lawyer, according to TDM, drew Pleterski’s fraud as a classic fraud against his clients, which he carried out a “Ponzi scheme”, where money invested by some clients was used to pay others, creating a chain of payments. .
On the one hand, the young man’s legal defense alleges that after the fall of the crypto market in the fall of 2021, he lost money, in addition to the fact that Pleterski claims that he tried to repay the money in a timely manner. 29 million were initially deposited in foreign cryptocurrencies. However, investors argue that only $485,000 was made in deposits.
Of the remaining money lost, $362,000 was bought in warehouses where the rest of the produce was kept. 700,000 went towards the purchase of the mansion where Pleterski lived and 800,000 dollars were given to his parents.
At one point, Pleterski came to show his more than 90,000 followers in the network some luxurious experiences, such as vacations to frequent privileges and the acquisition of expensive cars.
The representative government will wait to sell the goods to the young party to recover the lost money.
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