Trustee for Ontario Crypto King's bankruptcy wants discharge denied till he pays $4.5M

The trustee overseeing the bankruptcy of Ontario’s self-proclaimed "Crypto King" wants a judge to deny Aiden Pleterski a discharge from bankruptcy until he pays back more than $4.5 million in assets and funds the trustee says Pleterski hasn’t accounted for.Aiden Pleterski, 25, was charged with fraud over $5,000 and money laundering last week following an 18-month investigation by Durham Regional Police and the Ontario Securities Commission.

Police allege Pleterski solicited funds from investors, promising massive profits and guaranteeing no losses from their original investment. When investors couldn't access the money they provided to him, many of them reported the situation to police.He was released on bail on May 14, with his parents putting up a $100,000 surety that he will follow his bail conditions.

Pleterski leased this lakefront mansion in Burlington, Ont., for about $45,000 a month prior to his bankruptcy. The trustee has said he used investor money to pay the rent. Pleterski spent more than $8,000 in points on seven nights in hotels in London and Manchester while he was in the U.K. The average cost per night ranged between $1,000 and $1,400.

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