Canada’s self-proclaimed “Crypto King” Aiden Pleterski, who is currently going through bankruptcy proceedings after allegedly defrauding investors, was reportedly kidnapped and beaten for ransom late last year.
Pleterski is accused of running a scheme that assured investors their funds would be invested in cryptocurrency and foreign exchange positions, but the 24-year-old allegedly only invested $670,000 of the $41.5 million that he received.
As investors seek to recover their funds, a new trustee report from the proceedings details a testimony from Pleterski’s father that his son was kidnapped in December.
Pleterski was allegedly driven around Southern Ontario, beaten and tortured. Pleterski’s landlord corroborates the claim saying he also received a call asking for a ransom.
The kidnappers allegedly released Pieterski after a few days but told him that he should produce the amount they demanded.
The trustee report says that Pleterski used most of the money he received from investors to fund his lavish lifestyle, allegedly using investor money for enting private jets, collecting luxury cars, going on vacations and living in a mansion.
“Of the money collected from investors, Pleterski’s chequing accounts show that only 1.6% of the funds received were actually invested, meaning that 98.4% of what Pleterski collected was never invested.”
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