Ontario's 'Crypto King' arrested, charged with fraud

Aiden Pleterski's investors have been trying for more than a year to track down more than $40M they gave himOntario's self-proclaimed Crypto King has been arrested and charged with fraud.

For more than a year and a half now, Pleterski's investors have been trying to track down more than $40 million they gave him to invest in cryptocurrency and foreign exchange. A Toronto-based bankruptcy proceeding that's being heard in Ontario Superior Court has recovered about $3 million for roughly 160 investors.

In this case, the trustee is from Grant Thornton, an accounting firm. The trustee's investigation found that Pleterski only invested about two per cent of investor funds while spending nearly $16 million on himself — renting private jets, going on vacations, adding luxury cars to his collection and leasing to a lakefront mansion prior to his bankruptcy.

At that time, Pleterski was presenting himself as a professional streamer online. When a viewer commented during a livestream that Pleterski was "jobless," he replied in the video by saying "internet money gang, internet money."

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