Five luxury cars, including two BMWs, two McLarens and a Lamborghini, were seized from 23-year-old Aiden Pleterski, who describes himself as Canada’s “crypto king,” during bankruptcy proceedings according to a new report from The CBC. But these cars are only a fraction of the $35 million that Pletersky allegedly took from investors who thought it would make them rich in the cryptocurrency market, and it’s not clear if they’ll ever see their money again.
Pleterski and his company, AP Private Equity Limited, face at least two civil lawsuits after 140 people came forward to say they invested a combined $35 million with Pleterski. These people thought they were investing in cryptocurrency, and Pletersky’s online presence – including photos of the 23-year-old on private planes and next to luxury cars – helped create the image that he knew what he was doing.
Pleterski’s YouTube channel and Instagram account It’s been deleted but seems to have bought articles on sites like Forbes far-right news outlet daily caller To get his name associated with success in investing in cryptocurrency.
The Daily Caller’s December 2021 article includes a photo of Peltersky looking at his phone on what appears to be a private jet. Notably, December 2021 was the time to trade cryptocurrencies such as Bitcoin and Ethereum soon Its all-time high. headline is readingAiden Pleterski: Meet the young Canadian investor who is taking the cryptocurrency world by storm.
Despite the notice that the article is from a “premium partner,” many people do not understand that such articles are bought and paid for—and it is an exercise in long history. The text of the Daily Caller article on Blitersky is silly and full of grammatical errors, but it might be enough to convince some people without coding experience that it’s a bullish entity that can make them rich.
An excerpt from the Daily Caller, complete with original errors:
It’s safe to say that Aiden Peltersky is not your average 22 year old. He had an early start in the cryptocurrency market and quickly became one of the most influential and respected traders in the game today. Born in Whitby, Ontario (Canada), Aiden has been diving deep into the cryptocurrency world since 2015. As an avid gamer, he got to know cryptocurrencies early on, and it didn’t take long for him to become familiar and familiar with the dynamics and experiences of online trading. Initially, cryptocurrency was a way for him to pay for in-game items harder, but later it became a broader interest for him, as crypto became a big part of his actual life, not just something he used for in-purchases or perks!
Another part of the article clarifies a grammatical opposition that bitcoin cannot suffer from sharp price fluctuations, a somewhat absurd claim for anyone familiar with the history of bitcoin.
What makes the cryptocurrency so special is the fact that it is not likely to depreciate in value like other traditional currencies. The main problem with regular currencies is the fact that if a country or entity needs more money, it can simply print more, causing a huge shift in value in the market.
Pleterski’s article also claims that bitcoin is limited, which is a common defense of the cryptocurrency. And while this is technically true, there is nothing specific about 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 limited, which means that those who hold and trade Bitcoin won’t experience huge fluctuations in value due to new batches of money being printed in order to meet demand, which in turn will lead to a devaluation designated 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 is always ahead of the curve when it comes to predicting investment trends and capitalizing on the value of his continued expansion. Wallet and growing crypto assets alike.
The question remains whether Pleterski actually invested any money in cryptocurrencies initially, and he talks about how weird the crypto market has been over the past year. For everyone who knows, Pletersky may have already invested and lost money like many others since the November 2021 peak. Bitcoin is down 56% from its price a year ago, while Ethereum is down 57%. Plitersky insists he invested money but is bad at record keeping.
But some investors suspect Pletersky didn’t bother investing the money, but instead took it into his pockets for himself, according to people who spoke to CBC.
“I don’t know if he really trades at all,” said Diane Moore, a woman who invested $60,000 with Pletersky. CBC. “Or was this his plan and it was just a story of my realization with other people?”
Investors are trying to get their money back through bankruptcy court and two civil lawsuits, but criminal charges have not been pursued, although some reported their accidents to Toronto police, according to CBC.
Plitersky’s lawyer did not immediately respond to a request for comment early Wednesday. We’ll update this article if we hear back. If you hand the money over to the Canadian “crypto king”, we’d love to hear from you. Did the ads Bletersky bought play a role in your decision to trust him with your money?
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