23-year-old Canadian 'crypto king', Aiden Pleterski, was tortured & abducted after trying to finesse his investors out of $29M before blowing $12M on fleet of supercars, luxury vacations and a private jet

23 year old Canadian 'crypto king' was tortured & abducted after trying to finesse his investors out of $29M before blowing $12M on fleet of supercars, luxury vacations and a private jet. 

"He was held for 3 days, they drove him around & beat him".

Canada’s self-proclaimed "Crypto King" Aiden Pleterski was kidnapped, tortured, and held for ransom after allegedly fleecing investors out of millions, court documents filed earlier this month claim.

Pleterski was petitioned into bankruptcy last August, and the 23-year-old is accused of running an investment scheme. Since bankruptcy proceedings began, $25 million Canadian worth of claims have been filed in his case.

Pleterski had told investors he would pool their money together and invest it in cryptocurrency and foreign exchange positions. But of the $41.5 million he received, Pleterski allegedly invested only $670,000, less than 2% of the total amount.

Meanwhile, Pleterski allegedly spent close to $16 million on his “personal lifestyle,” which involved renting private jets, going on elaborate vacations, and purchasing exotic vehicles, such as “​​a Ferrari, four Audis, three Lamborghinis, three McLarens, a Land Rover, and a BMW.”

"They basically held him for approximately three days, drove him around different, various parts of southern Ontario, beat him, tortured him, allowed him to make specific phone calls to specific people only. I was not one of those people that he was allowed to contact."

He was, however, allowed to call his landlord, who has claimed that Pleterski asked him for a $3million (£2.4million) ransom payment.

The landlord told the court that he informed the alleged fraudster that he could not help.

Pleterski was then supposedly released by the captors on the understanding that he paid the money quickly.

Rob Stelzer, the trustee appointed to produce a report on the case, said that he was informed about the kidnapping from Toronto police in early December. He is now inviting more people who were allegedly duped by Pleterski to come forward and make a claim.

Mr Steltzer said: "We know $41 million came into the account net. We know only $25 million has been filed in claims. You can do the math."

Almost 140 people, who invested $20million between them, initially responded to a public appeal for information from a fraud recovery legal firm leading the investigation into Pleterski.