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Aiden Pleterski Convicted of Fraud in Toronto Crypto Case
Jurors found he took more than C$36 million from investors and spent it on private jets, luxury vehicles and other personal expenses, prosecutors said.
- On Thursday, a Toronto jury found self-described 'Crypto King' Aiden Pleterski guilty of fraud over $5,000, concluding the 27-year-old stole millions from investors to fund luxury goods and private jets.
- Prosecutors argued investors gave Pleterski more than $36.3 million between 2020 and 2022, believing he would trade in cryptocurrency, while Crown prosecutor Akshay Aurora stated the purported $311 million account actually held only $12,000.
- Forensic accountant Albert Ciorma testified that Pleterski spent about $5.6 million on luxury vehicles and $4.9 million on credit card bills, with none of the investor funds sent to the promised FXChoice trading platform.
- Throughout the trial, Pleterski represented himself and cross-examined only one witness while maintaining his innocence; Ontario Superior Court Justice Shaun Nakatsuru denied his mistrial request and will preside over sentencing on 13 November.
- Separate from the fraud conviction, Pleterski was kidnapped and tortured in downtown Toronto in December 2022, an incident for which five men were charged and remain a distinct legal matter.
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The jury took only 20 minutes to reach a unanimous verdict.
·Montreal, Canada
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NiagaraFallsReview.ca+4 Reposted by 4 other sources
Ontario ‘Crypto king’ is found guilty of fraud. Jury takes just hour and a half to reach verdict
Aiden Pleterski's lavish “Crypto King” persona drew in scores of investors. The Crown called it a classic Ponzi scheme.
·Niagara Falls, Canada
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Total News Sources12
Leaning Left8Leaning Right1Center1Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
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