23 Year Old with a $2-Million Asset Seizure
There is no doubt that Aiden Pleterski has had a difficult time recently. But it’s a shocking downturn after a meteoric rise. A cryptocurrency enthusiast from a very young age, he founded a company known as AP Private Equity Limited. In a short period of time, he managed to secure a lot of investments. With $35 million of these funds now unaccounted for, it is not surprising that Canadian authorities have started to seize Pleterski’s assets. Two BMWs, a Lamborghini and two McLarens were a part of the loot. Because Pleterski was just renting, authorities were not able to seize the mansion he was living in. With a monthly charge of $45,000, the rental definitely indicated that the young crypto enthusiast was not afraid to spend money. Now, all of Pleterski’s assets have been frozen and he no longer has access to the funds that were in his bank account.
Claimed to Be “Very Unorganized”
According to Pleterski, the issues that he is facing have more to do with his failures as an administrator and less to do with the rapid crash of the crypto market. Indeed, it is possible that investors may not have even discovered the crypto prodigy’s mishandling of their funds if the crypto market had continued on its massive upswing. As it stands, however, investors are insisting that they are owed $13 million. That fact that Pleterski made bad financial calls — or mishandled funds — has affected investors from all walks of life. One of the women who lost money is a grandmother who was looking to increase her grandchild’s college fund by investing in crypto. Of course, working with Pleterski led to the exact opposite.
Two Lawsuits and Bankruptcy
The story of Pleterski demonstrates how quickly the crypto pyramid can crumble during a bear market. When BTC prices are soaring, it can be difficult to imagine what will occur when they come crashing down. But, if history has taught us anything, it is that crypto can be extremely volatile. Investors must always be prepared for the inevitable.
Dil Bole Oberoi
