Self-proclaimed 23-year-old ‘crypto king’ reportedly had his Lamborghinis, BMWs and McLarens seized after investors sued him claiming he stole $35m

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Self-proclaimed 23-year-old ‘crypto king’ reportedly had his Lamborghinis, BMWs and McLarens seized after investors sued him claiming he stole $35m
A gray Lamborghini Huracan STO.

The Lamborghini Huracan STO.Alanis King

  • Aiden Pleterski, who calls himself “Crypto King”, has had $2 million in assets seized, CBC Toronto reports.

  • Pleterski reportedly received $35 million from 140 investors.

  • Now he is being sued by former investors in bankruptcy proceedings and two civil lawsuits.

A 23-year-old Canadian who calls himself the “Crypto King” has reportedly had $2 million in assets seized as he is prosecuted over allegations of defrauding investors.

Assets seized from the man, Aiden Pleterski, include his Lamborghini, two McLarens and two BMWs, CBC Toronto first reported.

Investors told the publication that at least $35 million given to Pleterski’s company, AP Private Equity Limited, had gone missing. Twenty-nine creditors have bankruptcy proceedings against Pleterski, and say that he owes them almost 13 million dollars, including a 65 year old woman who told CBC Toronto that she had invested $60,000 which she was keeping for her grandchildren’s education.

Norman Groot, Founder of Investigation Counsel PC, told CBC Toronto that the bankruptcy proceedings against Pleterski, who started investing in cryptocurrency as a teenager, were one of the only ways investors might try to get their money back.

Pleterski has since had his assets and bank frozen accountsaccording to the report.

Pleterski is said to have rented a lakeside mansion in Burlington, Ontario, which he spent $45,000 a month for, and previously paid for promotional items about himself on sites like Publication of Forbes in Monacoand extreme right post Daily Caller.

A lawyer for Pleterski told CBC Toronto that Pleterski thinks the claims against him by former investors are “grossly exaggerated”.

“Amazingly, it seems like no one cared what would happen if the cryptocurrency market crashed or if Aiden, as a very young man, was qualified to handle these types of investments,” he said. said Pleterski’s attorney, Micheal Simaan. told CBC Toronto. He added that Pleterski is “cooperating with the bankruptcy process and hopes it will be done in the fairest way for everyone involved.”

Insider reached out to Pleterski’s attorney for additional comment, but did not immediately respond before publication.

During a meeting with creditors, Pleterski would have told them that he was “very disorganized” and kept no records of his investments. His trustee told creditors that Pleterski says he lost the money which he received between late 2021 and early 2022 “in a series of margin calls and bad trades,” CBC Toronto reported.

At present, Pleterski has no criminal charges against him, Gizmodo Reportsbut is facing bankruptcy proceedings and two civil lawsuits.

Read the original article at Business Intern

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