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Gegara claimed to be the king of crypto, this Canadian man was even kidnapped and tortured. Last I heard, the kidnappers demanded a ransom of up to US$3 million.

According NYPost who quotes CTV News Toronto reported that Aiden Pleterski, 23, from Ontario, Canada, was abducted in Toronto last December.

Pleterski was then taken hostage by the kidnappers who demanded at least US$3 million. That’s the statement from Aiden’s father and co-workers.

Details of the kidnapping revealed in court documents related to bankruptcy proceedings involving millions of dollars Pleterski allegedly spent on living lavishly rather than investing.

“They basically detained him for about three days, drove him to different places in southern Ontario, beat him, tortured him, allowed him to make special phone calls to only certain people. I am not one of the people he is authorized to contact,” said his father, who wished to remain anonymous.

While in custody, Pleterski contacted the owner and demanded US$3 million, according to court documents.

“I got a lot of calls from Aiden, but it was late at night. then around 1:30 a.m. I finally felt strong enough and picked up the phone,” the owner says.

The owner recounted how Pleterski said there was no one else he could contact, to which he replied, “There’s absolutely nothing I can do.”

Fake ‘crypto king’ Pleterski suspected of running a Ponzi scheme

Besides the kidnapping of the Canadian Crypto King, recent reports suggest that Pleterski is embroiled in a bankruptcy controversy; in which he was reportedly asked to invest over US$40 million.

However, he instead spent nearly US$16 million on lavish vacations, expensive cars and private planes, according to CTV News.

Bankruptcy trustee Rob Stelzer recounts TVCthat Pleterski runs a business where he tells people he’s going to invest their money and that’s not what happened.

“He really didn’t do what he said he would do,” Stelzer added.

In early December, Stelzer told CTV that Toronto police told him that Pleterski had been kidnapped.

According to the report, Pleterski actually invests less than 2% of the fund.

The $29 million may be just the beginning of what Pleterski owes investors, according to attorney Norman Groot, who was hired by some of the so-called crypto mogul’s scammers.

Groot characterizes Pleterski as having run ponzi scheme on its clients, with the investments made by some clients allegedly being used to simulate profits for others.

Stelzer said he believed there were more people who lost money in Pleterski’s alleged scheme and called on them to file claims.

“We know that $41 million was paid into a clean account. We know that only $25 million has been filed for claims. You can count them,” Stelzer said.

So far, nearly 140 investors who claim to have invested US$20 million have collectively responded to a request for information from an anti-fraud law firm investigating the so-called “king of crypto”.

Documents reveal that Pleterski owned 11 vehicles and rented four other luxury cars.

Pleterski would fly a private jet and pay $45,000 a month to rent a lakeside home in Burlington, Ontario.

Gary Caplan, the attorney representing Pleterski’s parents, told media partners he could not comment on the case, but pointed to an agreement between Pleterski’s parents and the trustee.

Pleterski’s parents have agreed to return two vehicles, an Audi S5 and a Volkswagen Atlas each, for over £80,000 to the trustee and pay the remaining £500,000 by June 30. [ab]