The 23-year-old Canadian who created the AP Private Equity project and calls himself the “Crypto King” is accused of defrauding investors of $35 million.
Lawyer Norman Groot, who defends the interests of affected investors, said that Aiden Pleterski promised them a profit of up to 7% on investments in cryptocurrencies. In this way, Pletersky attracted about 150 people who transferred about $35 million to AP Private Equity in trust, but only $2 million was returned to them. Now the organization has been declared bankrupt.
It turned out that Pletersky lived a luxurious lifestyle: he owned 11 premium cars, including two McLaren sports cars, one Lamborghini and two BMWs, and rented a chic beachfront home for $45,000 a month. The young “Crypto King” claims that all the funds that investors entrusted to him were lost due to unprofitable cryptocurrency transactions and margin calls. However, Plethersky has yet to provide evidence that this was indeed the case.
“We take the matter very seriously. We understand that many people want their money back. Some have invested $25,000, $50,000, or $100,000. For most, that’s a lot of money,” said bankruptcy trustee Rob Stelzer.
A similar situation happened in May with the American cryptocurrency trader Jeremy Spence, known under the nickname Coin Signals. He claimed to use a profitable trading strategy, but in fact his trades were unprofitable. As a result, Spence was sentenced to 42 months in prison for fraud of $5 million.
Source: Bits
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