Key Takeaways
- • A forensic accountant who audited Aiden Pleterski's bank accounts testified at his fraud trial that he never sent investors' money to the trading platform his investment contracts said he would use on their behalf, according to CBC.
- • Bank records show Pleterski, 27, spent nearly half of the $36.3 million investors put into his scheme on himself, per CBC's report on the trial testimony.
- • Related trial testimony cited by CBC described spending on cars, credit cards, jets and security, with the accountant testifying to $16.3 million of investor funds spent on such items.
- • Investors testified they gave Pleterski a combined $1.9 million as the trial continued, and one investor described learning that a $311 million investment fund did not exist.
- • Pleterski chose to represent himself at the fraud trial, a decision CBC reported ahead of the proceedings.
Summary
A forensic accountant who audited the bank accounts of Aiden Pleterski, known as the "Crypto King," testified that the 27-year-old never transferred investors' money to the trading platform his contracts stated he would use on their behalf, according to CBC. Bank records presented at trial show Pleterski spent nearly half of the $36.3 million raised from investors on himself, CBC reported.
CBC's related coverage of the proceedings detailed how investor funds were allegedly spent. The forensic accountant testified that $16.3 million of investor money went toward items including cars, credit cards, private jet flights and security. The Crown has also alleged that Pleterski spent investors' money on exotic cars and private jet travel.
Testimony has also come from investors. One investor described the moment he learned that a $311 million investment fund did not exist. Other investors testified they gave Pleterski a combined total of $1.9 million as the trial continued.
Pleterski is facing fraud charges and chose to represent himself at trial, a decision CBC reported ahead of the proceedings. The case is ongoing, and the figures above reflect testimony and evidence presented in court as reported by CBC.
CBC's related coverage of the proceedings detailed how investor funds were allegedly spent. The forensic accountant testified that $16.3 million of investor money went toward items including cars, credit cards, private jet flights and security. The Crown has also alleged that Pleterski spent investors' money on exotic cars and private jet travel.
Testimony has also come from investors. One investor described the moment he learned that a $311 million investment fund did not exist. Other investors testified they gave Pleterski a combined total of $1.9 million as the trial continued.
Pleterski is facing fraud charges and chose to represent himself at trial, a decision CBC reported ahead of the proceedings. The case is ongoing, and the figures above reflect testimony and evidence presented in court as reported by CBC.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.