From BBC News · · 1m 10s
Crypto King guilty of stealing millions from investors
Toronto jury convicts Aiden Pleterski of fraud after he stole investor money to buy private jets, luxury cars and a lakefront mansion.
In brief
Toronto jury convicts Aiden Pleterski of fraud after he stole investor money to buy private jets, luxury cars and a lakefront mansion. Aiden Pleterski, a 27-year-old Toronto fraudster who called himself the Crypto King, was convicted of stealing millions from investors and spending it on luxury goods. Originally…
Jury finds Pleterski guilty of fraud
A Toronto jury convicted 27-year-old Aiden Pleterski of one count of fraud over five thousand Canadian dollars on Thursday after just hours of deliberation.
He stole millions and spent lavishly
Pleterski is believed to have taken more than thirty-six million Canadian dollars from investors through his company AP Private Equity Limited and spent about half on luxury goods.
Spending included jets, cars and mansion
Prosecutors said he used stolen funds for multiple private jet trips, about five point six million Canadian dollars on luxury vehicles, and forty-five thousand Canadian dollars monthly on a lakefront mansion in Burlington, Ontario.
Sentencing hearing set for November
Pleterski represented himself at trial, presented no evidence and did not testify. He returns to court on thirteen November for a sentencing hearing.
“He was a thief. A thief who stole investor money and used it as he pleased.”
The takeaway
Aiden Pleterski, a 27-year-old Toronto fraudster who called himself the Crypto King, was convicted of stealing millions from investors and spending it on luxury goods.
