Canadian 'Crypto King' found guilty of fraud
Summary
A Toronto jury found Aiden Pleterski guilty of fraud after prosecutors said he took more than C$36 million from investors and spent some of it on luxury goods and travel. Pleterski represented himself, pleaded not guilty and did not testify; he returns to court on 13 November for sentencing.Key Facts
- The jury convicted Pleterski of one count of fraud involving more than C$5,000 after several hours of deliberation.
- Authorities charged Pleterski in May 2024 after a 16-month investigation by Durham Regional Police and the Ontario Securities Commission.
- The money-laundering charge against Pleterski was later dropped.
- Prosecutors said Pleterski took more than C$36 million from investors and spent about half of it.
- Prosecutors said he spent about C$5.6 million on luxury vehicles and took multiple private-jet trips using investor funds.
- Prosecutors said Pleterski spent C$45,000 a month on a lakefront mansion and accumulated C$4.9 million in credit card bills.
- Pleterski was kidnapped in Toronto in December 2022 and released three days later after being tortured.
- Pleterski's sentencing hearing is scheduled for 13 November.
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