https://www.cbc.ca/news/canada/toro...-king-investors-try-recoup-millions-1.6583982 Two McLarens, two BMWs and a Lamborghini make up just a few of the $2 million worth of assets seized from a 23-year-old from Whitby, Ont., as his investors try to recoup millions of dollars they handed over to the self-described "Crypto King." But so far, Aiden Pleterski's assets fall far short of what his investors claim they're owed. Creditors are working to unravel where at least $35 million provided to Pleterski and his company AP Private Equity Limited for cryptocurrency and foreign exchange investments ended up, according to a fraud recovery lawyer and documents filed in two separate actions reviewed by CBC Toronto.
Interesting, a senior citizen gave her 50K to a millennial crypto-day-trader. I mean... wtf. Who gives their retirement $ to some dumb-fuck 'know it all' millennial to trade with, especially from the woke-generation? I don't get it. It's like... it makes the both of them on the same level.
Matt Damon said "fortune favours the brave" and this neighbour kid Joe, he knows about Bitcoin. So let's give him some money and he will make us rich!!!
It's good to be King, until ... https://finance.yahoo.com/news/canada-bankrupt-crypto-king-kidnapped-000700003.html
According to Pleterski’s testimony, trouble first emerged for the 23-year-old in November 2021, when he claimed to lose all of his investments at a time when crypto markets began to reverse from their all-time highs. As his losses began to mount, he said he took very aggressive positions to try and “get some people their money back.” Isn't that what Hodlers do? Keep their coins and wait/hope that the suituation will reverse again? But the boy did not loose any money as he never sold his coins. So the clients did not lose anything (yet). His "agressive positions" were probably new buys to "average down" the price. ROFLMAO. BTC: brainless trust croocks.