Sunday, June 22, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Canadian Crypto King’s assets confiscated as investors try to recoup millions entrusted to him

by Cynthia Chung
September 21, 2022
in Cryptocurrency
Reading Time: 2 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Xeggex

A 23-year-old self-proclaimed “Crypto King” from Ontario had $2 million in assets confiscated as his investors scramble to recoup millions of funds allegedly paid to him and his company, according to a Sept. 20 CBC report.

Creditors are working in earnest to investigate where the funds of at least $35 million entrusted to “Crypto King” Aiden Pleterski, and his company, AP Private Equity Limited, have gone.

The assets confiscated from Pleterski include two McLarens, two BMWs, and a Lamborghini.

Civil claims against Pleterski

A bankruptcy trustee’s report, creditor’s meeting minutes, court filings, and complaints made to Groot’s firm show Pleterski lived in luxury before the lawsuit. The “Crypto King” in paid promotional articles owned 11 vehicles, leased four other luxury cars, boarded private jets, and invested $45,000 monthly rent for a lakefront mansion in Ontario.

The report also revealed that when questioned about other potential assets, specifically if he had ever owned a watch, he told the creditors’ meeting that “he has never owned a watch with a value greater than $600,000.”

There is currently a $13 million bankruptcy proceeding against Pleterski, and approximately 140 investors who handed over a collective $20 million fund have responded to a call-out for information from a fraud recovery firm investigating the case.

Another lawsuit filed by an investor who claimed to have lost $4.5 million to Pleterski effectively froze Pleterski’s bank accounts and assets worldwide. The lawsuit is currently preceded by the bankruptcy proceeding, which means the recovery process for investors at the moment before the investor-led civil claims against Pleterski ensue.

In Pleterski’s defense

Pleterski’s lawyer, Michael Simaan, wrote an email to CBC Toronto that Pleterski denies many of the “wildly exaggerated” financial claims against him.

Pleterski also denied ever soliciting money since investors approached him when they saw Pleterski’s success in making money from trading cryptocurrency, according to his lawyer.

In the creditors’ meeting, Pleterski also claimed he had lost most of the investors’ funds from late 2021 and early 2022 in several margin calls and botched trades, but Pleterski has provided no evidence in the form of bank statements or trade transactions to back the claim.

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits



Source link

Tags: AssetsCanadianconfiscatedCryptoentrustedInvestorsKingsmillionsrecoup
Previous Post

Germany raids 24 properties linked to Putin ally Usmanov

Next Post

No change in US’ ‘One China’ policy: White House

Related Posts

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

by Cointelegraph By Rakesh Upadhyay
June 22, 2025
0

Key factors:Bitcoin fell beneath the $100,000 help on Sunday, however a rebound may rely upon how US inventory futures open.Bitcoin’s...

Dogecoin Falls Below alt=

Dogecoin Falls Below $0.16: Here’s How Its Price Action Could Play Out

by Scott Matherson
June 22, 2025
0

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure Dogecoin’s current market efficiency has added...

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

by Vivian Nguyen
June 22, 2025
0

Key Takeaways Bitcoin worth dropped as Iran's Parliament accepted the closure of the Strait of Hormuz, heightening fears of oil...

Why the Rolex rally is on pause in 2025

Why the Rolex rally is on pause in 2025

by Gracy Chen
June 22, 2025
0

The next is a visitor publish and opinion from Gracy Chen, CEO of Bitget.There was a time not too way...

Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details

Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details

by Sebastian Villafuerte
June 22, 2025
0

Motive to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by trade specialists and meticulously reviewed...

Fidelity Highlights Bitcoin’s Ancient Supply Surge as Dormant Coins Outpace New Issuance

Fidelity Highlights Bitcoin’s Ancient Supply Surge as Dormant Coins Outpace New Issuance

by Bitcoin.com
June 22, 2025
0

Bitcoin’s historical provide has formally outpaced new issuance for the primary time, highlighting a big market shift emphasised in Constancy...

Next Post
No change in US’ ‘One China’ policy: White House

No change in US' 'One China' policy: White House

General Mills, Stitch Fix, Beyond Meat and others

General Mills, Stitch Fix, Beyond Meat and others

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

June 22, 2025
Spain reaches deal with NATO ahead of summit to be excluded from 5% defense spending goal

Spain reaches deal with NATO ahead of summit to be excluded from 5% defense spending goal

June 22, 2025
Chopper crashes must lead up to better regulation

Chopper crashes must lead up to better regulation

June 22, 2025
Real Madrid vs. Pachuca From Anywhere for Free: Stream FIFA Club World Cup Soccer

Real Madrid vs. Pachuca From Anywhere for Free: Stream FIFA Club World Cup Soccer

June 22, 2025
Dogecoin Falls Below alt=

Dogecoin Falls Below $0.16: Here’s How Its Price Action Could Play Out

June 22, 2025
Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

June 22, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

Spain reaches deal with NATO ahead of summit to be excluded from 5% defense spending goal

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In