Canadian ‘Crypto King’ found guilty of fraud
A Toronto jury found self-described “Crypto King” Aiden Pleterski guilty of fraud, after hearing evidence he stole millions of dollars of investor money and spent it on private jets and other luxuries. The jury quickly reached its verdict on Thursday, convicting the 27-year-old with one count of fraud over C$5,000 ($3,600; £2,900), after just hours [...] The post Canadian ‘Crypto King’ found…
A Toronto jury found self-described "Crypto King" Aiden Pleterski guilty of fraud after just hours of deliberation on Thursday. The 27-year-old was convicted of one count of fraud over C$5,000 ($3,600; £2,900). Throughout the trial, Crown prosecutors called over a dozen witnesses, including investors cheated by Pleterski and financial experts.
He pleaded not guilty and represented himself, cross-examining only one witness. Crown prosecutors presented evidence of Pleterski stealing millions of dollars from investors, using it to buy private jets, luxury vehicles, and a mansion. They said he took more than C$36m from investors, spending about half. Prosecutors also alleged he spent C$45,000 a month on a lakefront mansion and racked up C$4.9m in credit card bills.
Pleterski was arrested in May 2024, and the laundering charge was later dropped. He is scheduled for a sentencing hearing on November 13.
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