Ontario court documents describe kidnap, ransom, torture of $41M crypto scammer
Extravagant spending by Aiden Pleterski occurred after the accused raised $41 million to fund a non-existent crypto investment fund.
New court filings in the case of Aiden Pleterski — the self-proclaimed ‘Crypto King’ of Canada — reveal previously undisclosed details of his kidnapping and torture — which occurred over three days December 2022 as a result of a botched crypto investment scheme.
Pleterski, once touted as the “Crypto King” by his associates, is being accused of misleading investors by promising investments in cryptocurrency and foreign exchange.
In a bankruptcy trustee report filed earlier this year, Pleterski is said to have raised a staggering $41.5 million from investors.
However, Pleterski’s investment activities fell notably short of expectations — including banking details showing that he only invested $670,000, according to newly released court documents.
According to the findings, Pleterski expended nearly 38% of the funds raised — amounting to roughly $16 million — on personal expenses including private jet rentals, extravagant vacations and the acquisition of high-end cars.
Kidnapping, Torture and Ransom
“I guess you could say greed took over, and I was taking very aggressive positions, and I was trying to make returns that obviously weren’t feasible or weren’t necessarily possible at the time, and it just caused more losses.”