Luxury cars seized from 23-year-old 'Crypto King' as investors try to recoup millions

Two McLarens, two BMWs and a Lamborghini make up just a few of the $2 million worth of assets seized from 23-year-old Aiden Pleterski as his investors try to recoup millions of dollars they handed over to the self-described "Crypto King."

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SaintLouisduHaHa
SaintLouisduHaHa
577 · 14 days ago · Reddit

Targeting 10-20 percent biweekly gains and a guarantee the initial investment would be repaid. Defrauding people is absolutely wrong but boy are people gullible.

cbuccell
cbuccell
363 · 14 days ago · Reddit

Giving tens of thousands of dollars to a dude in his early 20s to help you get rich quick on crypto and foreign assets?

Some people just can’t think past their nose.

Edit: spelling.

thewhethernetwork
thewhethernetwork
256 · 14 days ago · Reddit

"Unlike Moore, some of those investors borrowed their investment funds from a line of credit."

To invest

with a kid

in crypto

who promised 10 to 20% biweekly in capital gains (edit: time period correction)

Really really finding it hard to be sympathetic...

brighter_hell
brighter_hell
122 · 14 days ago · Reddit

From the article, they had an agreement which included "target capital gains of 10 to 20 per cent biweekly". It's still a little stunning that people would believe that this is possible over the long term. Play stupid games.....

Significant-Ad-8684
Significant-Ad-8684
77 · 14 days ago · Reddit

I wouldn't even give my 23 year old nephew the keys to my car. I love him but....

mybadalternate
mybadalternate
59 · 14 days ago · Reddit

Man, there are days where I wonder what I could have done if only I were a sociopath…

This world seems tailor made for them.

DropCautious
DropCautious
56 · 14 days ago · Reddit

Toronto Life editor is literally that dude rubbing his hands behind a tree meme right now

Doctor_Amazo
Doctor_Amazo
35 · 14 days ago · Reddit

I'm perpetually amused by these libertarian crypto-bruhs who invest in crypto to avoid paying taxes but then rely on the tax-paid-tools-of-the-state to fix the mess they got themselves into.

Commercial-Set3527
Commercial-Set3527
23 · 14 days ago · Reddit

Classic Ponzi scheme with a new twist. He can easily hide all the crypto and declare bankruptcy. Even if serves a couple years that is still millions of dollars of untraceable money.

3X-Leveraged
3X-Leveraged
18 · 14 days ago · Reddit

This guy could have played this so much better… put $35m into a HISA and he could have made like $500k in interest without possibly getting into this mess?

CocoandCici
CocoandCici
17 · 14 days ago · Reddit

If you watch ANY episode of American Greed you learn that of someone GUARANTEES a return, run away.

unsocialsocialclub
unsocialsocialclub
15 · 14 days ago · Reddit

This guy tried to onboard with our company a while back and we rejected him because it was pretty obvious he wasn't a fucking "private equity firm"

5555
5555
10 · 14 days ago · Reddit

When asked why he continued to invest money when he knew he couldn't repay his current investors, Pleterski told the meeting he "was a 20-something-year-old kid."

I like how his defence is essentially Unfrozen Caveman Lawyer but for being young.

ethereal3xp
ethereal3xp
10 · 14 days ago · Reddit

Could be a good episode for the show American Greed

illusionofthefree
illusionofthefree
7 · 14 days ago · Reddit

Had someone on reddit randomly message me like they wanted to be friends (picture of an attractive lady). Naturally i was skeptical but figured i wanted to at least know what the scam was. After a few days "she" revealed that she lived off of crypto and just went to the ATM 2 -3 times a day to pick up thousands of dollars, and that was her only job. They're just trying to sucker anyone into giving them money by appearing to be successful.