2024-09-20 11:00:00 +0300

Luxury cars seized from 23-year-old 'Crypto King' as investors try to recoup millions

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CBC
By Nicole Brockbank

Two McLarens, two BMWs and a Lamborghini make up just a few of the $2 million worth of assets seized from a 23-year-old from Whitby, Ont., as his investors try to recoup millions of dollars they handed over to the self-described Crypto King.

But so far, Aiden Pleterski's assets fall far short of what his investors claim they're owed.

Creditors are working to unravel where at least $35 million provided to Pleterski and his company AP Private Equity Limited for cryptocurrency and foreign exchange investments ended up, according to a fraud recovery lawyer and documents filed in two separate actions reviewed by CBC Toronto.

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Diane Moore invested $60,000 she had earmarked for her grandchildren's education after meeting Pleterski through someone she'd known for years. Now she's out $50,000.

The whole thing was based on trust, Moore said. What Aiden has done, I think, is awful and I don't know how he can live with himself.

The terms of Moore's investment included a 70-30 split on any capital gains (with 70 per cent for her and 30 per cent for Pleterski), a commitment the initial investment would be paid back in full if it was lost, and target capital gains of 10 to 20 per cent biweekly, according to her investment contract.

I don't know if he was ever really trading, Moore said. Or was this his plan and it was just the story to get me in along with other people?

Diane Moore invested $60,000 for her grandchildren's education with Aiden Pleterski and is still out $50,000 from her investment. (Submitted by Diane Moore)

Continue read on cbc.ca

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