« [I] was a 20-something-year-old kid » said Aiden Pleterski, when asked why he kept his « investment » scheme going when he knew he couldn’t repay his existing customers. Although he once described himself as the « Crypto King » in several articles he paid to have run, Pleterski is now undergoing a bankruptcy process and facing multiple lawsuits, where creditors are trying to first find and then recoup the more than $35 million they’ve collectively entrusted to him.
So far, the court has seized two McLarens, two BMWs, and a Lamborghini—only a few cars out of the eleven luxury cars Pleterski owned, plus another four he was renting. Investors have also asked about the $45,000-a-month lakefront mansion he was renting in Ontario, watches, and gold bars, hoping they could be liquidated to repay some of his debts.
Pleterski had promised investors that he would invest on their behalf, taking 30% of any capital gains, with a goal of achieving 10–20% gains biweekly. He also promised that any loss on the initial investment would be paid back in full. Pleterski had made some money in crypto as a teenager, but according to him, he lost most of the money he was given to invest in late 2021 and early 2022 « in a series of margin calls and bad trades ». An investor claims that at one point, he was given pictures and videos of financial statements showing an account with $311 million, but when he checked with the company supposedly maintaining the account, they said they had no accounts with that kind of funds. So far, the court and investors alike have struggled to untangle Pleterski’s mess—according to him, he was unorganized and didn’t track his finances or debts.