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Investors gave ‘Crypto King’ $40M. He invested less than $200K, spent $5.6M on cars: Forensic accountant - Toronto Star

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Photo credit : Aiden Pleterski

“Crypto King” Aiden Pleterski arrives at the Toronto court.

A forensic accountant testified Monday that although Aiden Pleterski pulled in roughly $40.6 million from investors between January 2020 and August 2022, he could trace only between $110,000 and $170,000 (US) — depending on Bitcoin’s value — to any trading platform, and none to FXChoice, a broker based in Belize that Pleterski allegedly promised to use. The Crown argues that the near‑total absence of trading activity demonstrates that Pleterski, who is now 27, wasn’t operating a legitimate investment scheme. Instead, prosecutors say the money he collected was largely recycled to other investors or spent on his personal lifestyle, a pattern consistent with a classic Ponzi operation.

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