September 24, 2022

  • Aiden Pleterski, who calls himself the “King of Cryptocurrencies,” has seized $2 million in assets, CBC Toronto reports.
  • Pleterski was reportedly given $35 million from 140 investors.
  • He is now being sued by former investors in bankruptcy proceedings and two civil suits.

A 23-year-old Canadian man who calls himself the “Cryptocurrency King” has reportedly had $2 million worth of assets seized while being sued for allegedly defrauding investors.

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

Investors reported that at least $35 million given to Pleterski’s company, AP Private Equity Limited, has disappeared. Twenty-nine creditors initiate bankruptcy proceedings against Pleterski and say he owes them nearly $13 million, including one 65-year-old woman who told CBC Toronto that she invested $60,000 that she had been saving for her grandchildren’s education.

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

Since then, Pleterski has had his own property and bank accounts frozenthe report states.

Pleterski reportedly rented a lakefront mansion in Burlington, Ontario he spent $45,000 a month for, and previously paid for promotional articles about himself on websites like Forbes publication in Monacoand far right Daily Caller publication.

Pleterski’s lawyer he told CBC Toronto that Pleterski believes that the claims of former investors against him are “greatly exaggerated”.

“Shockingly, no one seems to have bothered to consider what would happen if the cryptocurrency market crashed or whether Aiden, as a very young man, was qualified to handle these types of investments,” Pleterski’s attorney, Micheal Simaan, he told CBC Toronto. He added that Pleterski “cooperates with the bankruptcy process and hopes that it will go through in the fairest way for everyone involved.”

Insider reached out to Pleterski’s attorney for additional comment, but did not immediately receive a response prior to publication.

At the meeting with Pleterski’s creditors he allegedly told them was “very disorganized” and did not keep records of his investments. His trustee told the creditors that he was Pleterski said he lost money received between late 2021 and early 2022 “in a series of margin calls and bad trades,” CBC Toronto reported.

Pleterski currently has no criminal charges against him, Gizmodo reportsbut is facing bankruptcy proceedings and two civil suits.

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