Canada crypto 'king' Aiden Pleterski goes on trial over $41.5M fraud
- —Pleterski faces allegations of defrauding over 150 investors of $41.5 million
- —Only about 1% of the funds raised was actually invested in crypto
- —He allegedly spent $15.9 million, nearly a third of the money, on personal luxuries
- —Witness Luciano Valerio invested $150,000 and never received payments or a copy of the contract
Why it matters: The case highlights the scale of crypto fraud disguised as trading and the risks of trusting unlicensed influencers.
Source: Bithub