23 Year Old “Crypto King” Sued For Defrauding Investors Out Of Millions

Luxury Cars Seized From 23-year-old Canadian "Crypto King."

A 23-year-old Canadian who calls himself the "Crypto King" reportedly had $2 million worth of assets seized over defrauding investors.

[{"selector":"#anim-53bcd148-7b29-466e-b2c2-da1f7477bed2","keyframes":{"transform":["translate3d(-90.83334%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d36c7d0f-e0a7-4745-959d-72a1ca5c7784","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52758841-ba0e-4a19-812e-32db7efd5403","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The seized assets of the “crypto king”, Aiden Pleterski, include his Lamborghini, two McLarens, and two BMWs, CBC Toronto first reported.

[{"selector":"#anim-5eb551cc-07cb-4c8a-b602-b889d116a79f","keyframes":{"transform":["translate3d(-90.83334%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5049ba69-472b-47c3-8106-7c3cca113bd5","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0f7a8ac-7bce-4478-9d28-9b583328d508","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Investors alleged that at least $35 million given to Pleterski's company, AP Private Equity Limited, went missing.

[{"selector":"#anim-66da988e-824e-48ab-8310-5fadc42bafeb","keyframes":{"transform":["translate3d(-90.83334%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b94ee02-61d9-42cc-b6ec-8af7f5ec6bbf","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ba7d77a9-9557-41be-bda2-dccc689144b1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

According to the report, twenty-nine creditors have a bankruptcy proceeding against Pleterski, and say he owes them almost $13 million.

[{"selector":"#anim-1d1967b0-33bc-42c9-bac6-dde3b5197620","keyframes":{"transform":["translate3d(-90.83334%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-20008be0-d338-429a-a08f-9e18ca63f0b9","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63c9ebec-bcb3-45bd-b1ea-089ff860642c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

According to bankruptcy filings, Pleterski owned 11 high-end cars, in addition to leasing several others, and rented a waterfront home in Burlington for approximately $45,000 per month.

[{"selector":"#anim-cbfecd1b-cc38-4d08-9625-1e3e98e038dd","keyframes":{"transform":["translate3d(-92.06081%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-90612f65-fb0c-43bb-bff9-0bea1e9be1d4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63a34881-5286-4e13-b18f-744c08e7f6d0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

People thought of Pleterski as a young Bill Gates when he started making money off investing crypto back in 2015.

[{"selector":"#anim-2a0eb743-d19e-4e0d-b536-9e791c653a5e","keyframes":{"transform":["translate3d(-90.83334%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e68beb9-ef39-4ba7-8d3e-19ab7c14227c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f97e1ad8-be1d-468a-a7ec-18be8dba77ba","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Several investors also accused him of running a ponzi scheme.

[{"selector":"#anim-9665878c-c4e2-4be6-aa68-14ec41cbc92e","keyframes":{"transform":["translate3d(-84.16667%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8b14c06-5096-4922-a3d3-39b519120c6e","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5779062a-baef-4ef3-ab5d-d879b9f84f8c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] More Crypto Stories...