A 23-year-old, self-described ‘Crypto King’ reportedly had his Lamborghini, BMWs, and McLarens seized after investors sued him claiming he stole $35 million

The Lamborghini Huracan STO.

Aiden Pleterski, who calls himself “Crypto King,” had $2 million of assets seized, CBC Toronto reports.
Pleterski was reportedly given $35 million by 140 investors.
Now, he’s being sued by former investors in a bankruptcy proceeding and two civil lawsuits.

A 23-year-old Canadian who calls himself the “Crypto King” reportedly had $2 million worth of assets seized as he’s being sued over allegations he defrauded investors.

The seized assets of 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, went missing. Twenty-nine creditors have a bankruptcy proceeding against Pleterski, and say he owes them almost $13 million, including one 65-year-old woman who told CBC Toronto she invested $60,000 that she was keeping for her grandchildren’s education.

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

Pleterski has since had his assets and bank accounts frozen, according to the report.

Pleterski reportedly was renting a lakefront mansion in Burlington, Ontario that he spent $45,000 a month for, and previously paid for promotional articles about himself on websites like Forbes’s publication in Monaco, and far-right publication Daily Caller. 

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

“Shockingly, it seems that nobody bothered to consider what would happen if the cryptocurrency market plummeted or whether Aiden, as a very young man, was qualified to handle these types of investments,” Pleterski’s lawyer, Micheal Simaan, told CBC Toronto. He added that Pleterski is “co-operating with …read more

Source:: Businessinsider

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