According to a new report, five luxury cars, including two BMWs, two McLarens, and a Lamborghini, have been seized from a young man known as the "crypto king" of Canada. Even though the cars are worth a fraction of the $35 million that he is accused of taking from investors, it is not certain whether they will ever see their money again.
140 people have come forward to say they invested $35 million with Pleterski and his company, AP Private Equity. Photos of the young man on private jets and next to luxury cars helped create the impression that he knew what he was doing.
He purchased articles on websites like Forbes.mc and the far-right news outlet Daily Caller in order to get his name associated with success incryptocurrencies.
A photo of a man looking at his phone in a private jet was included in a Daily Caller article. There was a time when cryptocurrencies were at all-time highs. The headline is about a young Canadian investor who is taking the world of cryptocurrencies by storm.
Many people don't understand the practice of buying and paying for articles that are from a "featured partner" Some people may have thought that he was an up-and-coming entity who could make them rich if they read the Daily Caller article about him.
There is an excerpt from the Daily Caller.
It’s safe to say that Aiden Pleterski is not your average 22-year old. He had an early start in the crypto market, and he is quickly becoming one of the most influential and well-respected traders in the game today. Aiden was born in Whitby, Ontario (Canada), and he has been diving deep into the cryptocurrency world ever since 2015. As an avid gamer, he became acquainted with crypto early on, and it didn’t take long for him to become familiar and knowledgeable about the dynamics and know-hows of trading online. Initially, cryptocurrencies were a way for him to pay for in-game items more effortly, but later it became a broader interest for him, since crypto became a huge part of his actual life, and not just something that he’d use for in-game purchases or perks!
A ridiculous claim to anyone familiar with the history of the digital currency is made in a part of the article.
What makes cryptocurrency so special is the fact that its worth is not very likely to plummet like that of other more traditional currency. The main issue with regular currencies of the fact that if a country or entity needs more money, they can simply print some more, therefore causing huge value shift in the market.
A common defense of the coin is that it is finite. There is no limit to the number of Cryptocurrencies that can be created.
However, the whole concept of something like Bitcoin is that the amount of coins available is actually finite, meaning that those who hold and trade bitcoin aren’t going to experience huge fluctuation in value due to new batches of money being printed in order to meet demand, which in turn will cause a depreciation of the given currency. With an in-depth knowledge of what makes cryptocurrency so valuable and unique, Aiden has been able to make all the right moves and he is constantly ahead of the curve when it comes to foreseeing investment trends and capitalize on the value of his ever-expanding portfolio and growing crypto assets alike.
The question of whether or not Pleterski actually invested any of the money in the market remains, and speaks to how strange the market has been over the last year. Since the peak of November 2021, a lot of people have lost their money. Since a year ago, the price of ether has fallen by more than half. He insists that he invested the money, but that he is not good with record-keeping.
According to people who spoke with theCBC, some investors suspect that Pleterski didn't bother to invest the money, instead pocketing it for himself.
Diane Moore said she didn't know if he was ever really trading. He had a plan to get me in with other people.
Even though some people have reported their incidents to Toronto police, criminal charges haven't been pursued because investors are trying to get their money back through the bankruptcy court.
The lawyer for the man did not reply to the request for comment. If we hear back, we will change this article. We would love to hear from you if you gave money to the Canadian. Did the ads you saw influence your decision to trust him?
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