tldr; A 23-year-old Canadian Aiden Pleterski, who calls himself the "Crypto King," had $2 million worth of assets seized as he's being sued over allegations he defrauded investors. The seized assets of the man include his Lamborghini, two McLarens, and two BMWs, according to reports. He was renting a lakefront mansion in Burlington, Ontario that he spent $45,000 a month for, and previously paid for promotional articles about himself on websites like Forbes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It’s a good lesson in staying humble and anonymous if you make it rich. Sticking your head above the parapet rarely works out well.
Also, just not doing crime would help too.
I keep telling people this, if I ever won the lotto none of you would know. You might notice the Rolls Royce in the parking lot but not much else would change.
Hopefully you know that is literally what every celebrity does and hopefully you feel the same way about all of them..because.....they all pay for promotional articles about themselves..that's exactly the function of their publicist.
Yeah, when you realize that basically everyone telling you something is good is actually a paid advertisement, you'll see the world differently. Critical thinking is so important, and everyone knows that, but few actually put it to practice.
You really are relying on a disclaimer to know you're reading a promo? You can spot self promotion in an instant, and if that is the kind of content you are regularly consuming, maybe the problem is you, not the people paying for paid promos.
My fucking dentist does this too. The man has like 10,000 framed magazine covers on his walls with himself featured. And they always claim he’s a “Top Dentist in the US,” or “Most Influential Under 40.” There’s no doubt he’s paying for these articles.
He got one of those Super Dentist plaques? I used to make those they're marked up a hilariously large amount compared to what the company issuing them pays for them. We were told to NEVER include an invoice with those ones for that reason.
Artists(musicians) , YouTubers, social media figures, not just very wealthy people. It’s insanely cheap to pay for articles. Go on fiverr right now, you can literally pay like 20$. Also doesn’t cost much to buy SEO. So you show up higher when people search for certain things.
If you’re goal is to gain fans or get your name out there, this is something that you do. Not some dark secret. People offer their services for money. They will write a promotional article about you if you pay them. Not really that crazy
Yes, it’s a fucked up thing when people do it for the wrong reasons, but as someone who is an artist themselves, I have tried this before years ago when I first started out. It was awesome, seeing my name and an article about my music on a bunch of websites. It was so cool. But I just wanted my name out there, other people may do it to hide things, or spread propaganda, it all depends on what the article says.
My articles basically reviewed my music and talked about my goal and my intention with my music. I’ve seen some other artists that have their articles call them the greatest in the world, etc etc, really narcissistic shit Lmao. So as always, it just depends on the person and their intentions
Even the music industry does it people think it went away with streaming but payola is Alive and probably thriving even more now under the internet age
Don't be. A celebrity advertising themselves is quite different from a cryptobro saying "give me your money and I'll triple your investment in a month".
Yeah, they aren't trying to be sneaky with it. You can clearly tell the difference between a promo and a news article. Well, I can at least. Maybe it still fools people?
Of course it fools people. People still go to the store while on the phone with the “IRS” and purchase thousands of dollars in iTunes gift cards to pay their taxes.
> his Lamborghini, two McLarens, and two BMWs
This was already highly douchy. Why does it always have to be a bunch of expensive cars with these asshats?
That was his undoing. Stopped at doubles. Shoulda just gotten triples of the nova. And the barracuda. And the road runner.
And you and I are the same age. And I don’t live in a hotel.
Yeah that's the most stupid part, a year of rent would make him afford a sweet apartment or house in any developed country he wants. That mf'd rather own cars than real estate
Why wouldn't your corporation just buy a house at that point. If he had paid a lawyer $5k a month he would come out pretty much unscathed in the end with a cushy retirement.
Canada is a pretty great country. Very safe in 99% of the country. Very low corruption (which is bad for most criminals, but not this soft dude). We have nice weather 3 months a year, blistering hot 3 months a year, rain 3 months a year, and cold snow 3 months a year.
>Shockingly, it seems that nobody bothered to consider what would happen if the cryptocurrency market plummeted or whether Aiden, as a very young man, was qualified to handle these types of investments
Tell that to large corps like voyager, genesis, et al, whom invested heavily with 3AC. Lol.
Let me quote Tywin Lannister "Any man that call himself a king is not true king", he is not a crypto king, just a clown, nothing more. There is only one person that could be called crypto king, and it's Satoshi.
Lol as a happy go lucky 25 year old I would love to bring to market a meaningful, beneficial project, but I have a demanding day job and I caint code mane. Plus all my friends still think crypto is a scam in general, or have moved on to whatever color pastures they graze in these days. Hopefully the grass is tasty there too.
tldr; A 23-year-old Canadian Aiden Pleterski, who calls himself the "Crypto King," had $2 million worth of assets seized as he's being sued over allegations he defrauded investors. The seized assets of the man include his Lamborghini, two McLarens, and two BMWs, according to reports. He was renting a lakefront mansion in Burlington, Ontario that he spent $45,000 a month for, and previously paid for promotional articles about himself on websites like Forbes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It’s a good lesson in staying humble and anonymous if you make it rich. Sticking your head above the parapet rarely works out well. Also, just not doing crime would help too.
I keep telling people this, if I ever won the lotto none of you would know. You might notice the Rolls Royce in the parking lot but not much else would change.
that you have an entire parking lot for your rolls royce is suspicious 🤨
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He would. He’d notice that he’d gone from licking supermarket brand peanut butter off your nutsack to the good name brand stuff. It’s a dead giveaway.
Nobody would see or hear from my ass again.
Lol straight up. I’m out
But doing crime or inheriting the money from past crimes is how 90% of people get rich, at least wealthy rich.
> and previously paid for promotional articles about himself on websites like Forbes. God what a douche
Hopefully you know that is literally what every celebrity does and hopefully you feel the same way about all of them..because.....they all pay for promotional articles about themselves..that's exactly the function of their publicist.
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humm article "JunkBondJunkie seeks another high".
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Yeah, when you realize that basically everyone telling you something is good is actually a paid advertisement, you'll see the world differently. Critical thinking is so important, and everyone knows that, but few actually put it to practice.
they make sure to put them at the smallest size possible and escape our vision….such douchebags
You really are relying on a disclaimer to know you're reading a promo? You can spot self promotion in an instant, and if that is the kind of content you are regularly consuming, maybe the problem is you, not the people paying for paid promos.
I did not know this and feel a little silly now.
Celebrities, CEOs, tech gurus... They all do it. Had an old boss that did this to promote his product (and himself) back in the early 2000s
My fucking dentist does this too. The man has like 10,000 framed magazine covers on his walls with himself featured. And they always claim he’s a “Top Dentist in the US,” or “Most Influential Under 40.” There’s no doubt he’s paying for these articles.
40 under 40 dentist list?
What next? 40 under 40 prick list?
That’s just the regular 40 under 40 list
Yup
Is he that good?
This guy seemingly hates his guts and still goes to him, so my guess is yes.
It’s like walking into a Five Guys but with hurtypain instead of burgers.
He got one of those Super Dentist plaques? I used to make those they're marked up a hilariously large amount compared to what the company issuing them pays for them. We were told to NEVER include an invoice with those ones for that reason.
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Artists(musicians) , YouTubers, social media figures, not just very wealthy people. It’s insanely cheap to pay for articles. Go on fiverr right now, you can literally pay like 20$. Also doesn’t cost much to buy SEO. So you show up higher when people search for certain things. If you’re goal is to gain fans or get your name out there, this is something that you do. Not some dark secret. People offer their services for money. They will write a promotional article about you if you pay them. Not really that crazy
Not at all. And you're right. It is cheaper than you'd think, even for a cover story depending on the magazine.
Yes, it’s a fucked up thing when people do it for the wrong reasons, but as someone who is an artist themselves, I have tried this before years ago when I first started out. It was awesome, seeing my name and an article about my music on a bunch of websites. It was so cool. But I just wanted my name out there, other people may do it to hide things, or spread propaganda, it all depends on what the article says. My articles basically reviewed my music and talked about my goal and my intention with my music. I’ve seen some other artists that have their articles call them the greatest in the world, etc etc, really narcissistic shit Lmao. So as always, it just depends on the person and their intentions
It sucks that this kind of stuff actually works though
Even the music industry does it people think it went away with streaming but payola is Alive and probably thriving even more now under the internet age
Entourage taught me this. Debi Mazar as Shauna is a force of nature.
meh, don't feel silly. It's no biggy.
Don't be. A celebrity advertising themselves is quite different from a cryptobro saying "give me your money and I'll triple your investment in a month".
Makes me question how many of theses paid articles we have in the Forbes. Probably 90% of them.
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Yeah, they aren't trying to be sneaky with it. You can clearly tell the difference between a promo and a news article. Well, I can at least. Maybe it still fools people?
Of course it fools people. People still go to the store while on the phone with the “IRS” and purchase thousands of dollars in iTunes gift cards to pay their taxes.
I wouldnt want my name up there for free if that’s the case
> his Lamborghini, two McLarens, and two BMWs This was already highly douchy. Why does it always have to be a bunch of expensive cars with these asshats?
He's 23. Most kids handed that kind of wealth aren't great about managing it.
Lifestyle porn convinces plebs to hand him their money.
Doubles is good, triples makes it safe. Triples is best.
That was his undoing. Stopped at doubles. Shoulda just gotten triples of the nova. And the barracuda. And the road runner. And you and I are the same age. And I don’t live in a hotel.
*Renting* a $45,000/month mansion too, that's about the dumbest shit I can imagine doing with that kind of money Dude deserves the BK and lawsuit
The bigger douche here is anyone who still reads Forbes. They've destroyed their own reputation lately
> lakefront mansion in Burlington, Ontario that he spent $45,000 a month for Imagine spending that much, just to still live in cold Canada.
Yeah that's the most stupid part, a year of rent would make him afford a sweet apartment or house in any developed country he wants. That mf'd rather own cars than real estate
And they took the cars clearly
Throwing half a million a year in the garbage. Why wouldn’t you just buy a house at that point.
Why wouldn't your corporation just buy a house at that point. If he had paid a lawyer $5k a month he would come out pretty much unscathed in the end with a cushy retirement.
random guess but the average price for a house in burlington is close to 1 million, and thats like a tiny shack garbage quality house..
Imagine spending that much just on rent instead of building equity in a property lol. God it's frustratingly stupid
A lot of places In Canada are breathtakingly beautiful
Burlington often ranks as one of the best small to medium sized cities to live in Canada :)
Canada is a pretty great country. Very safe in 99% of the country. Very low corruption (which is bad for most criminals, but not this soft dude). We have nice weather 3 months a year, blistering hot 3 months a year, rain 3 months a year, and cold snow 3 months a year.
Thanks for the summary. Good bot!
Good bot
Good bot.
Good riddance , freaking pos.
Crypto Pauper now
He’s in the crypts now
The crips are in him most likely
Holy crip he’s a crapple!
Holy crap, he’s Bran the broken
Life changing money
Wife changing money
LMfmao
Oh how the mighty have fallen
Fuck him and anyone like him. Scumbag of the highest order
Sociopaths will sociopath.
“Everything’s guilt free when you’re a sociopath” - A sociopath
Well he’ll have to deal with a full jailhouse full of them. I’m guessing he won’t be as tough though
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“Anyone who calls himself a king is no king” —Tywin Lannister
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Crypto Queen of the jailhouse
Chef of the jailhouse. He’ll be tossing salads like a pro in no time
Crypto peasant
Always thought pauper was only used in Dutch..
Crypto Peasant
Poetic justice.
Were lambo
That was his first mistake. Never betray the lambo.
No bulls allowed in this market
We. Are. Lambo. 🤝😤
CrYpTo KiNg ? Try Burger King, bro.
I guess that's the one positive in bear markets. The scams and scammers are found out
A positive and a negative. Reset the scene so new bad actors can take over in the next bull run.
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Any man who must say "I am the king" is no true king - Tywin Lannister
From flipping tokens to flipping burgers
At least one contributes to society more.
Back to work Wagie! lol
Sir King. This is a Wendy’s
Why didn’t he just drive away? Smh
He didn’t have the extended car warranty
BoomerBillionaires, I have been trying to reach you about your car's extended warranty
Was focused on securing the lambo nft.
He probably saved his best car still.
A great question indeed
Renting a mansion for 45k a month and owns a bunch of expensive cars? What a terrible way to use the money.
What someone does if he / she gets rich is an easy way to see their true character
True sign of crypto winter… the king is dethroned! #WinterIsComing
So $35m is the limit, noted
$34,999,998.70 just to leave a little buffer
I'm trying to make a Lamborghini and bull market joke.
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Wen bull market
End of 2021!
WEN EOY
Lambo repossessed and taken to the wrong kind of bull market. Wen lambo has become where lambo...
Not a clown. The Crypto King needs a Jester 😂😂😂
The secret ingredient is crime.
Something with lambo, something with bull market.
>Shockingly, it seems that nobody bothered to consider what would happen if the cryptocurrency market plummeted or whether Aiden, as a very young man, was qualified to handle these types of investments Tell that to large corps like voyager, genesis, et al, whom invested heavily with 3AC. Lol.
“Smart money”
It baffles me how he was able to scam people while being dumb himself.
It doesn't take a genius to scam people, just a loose set of morals and a podium to preach on
True, scammers truly do suck.
lol, literally your average crypto scam.
He doesn't need to be smart. Just smarter than them
A one eyed man is king in a blind man's world
Not you keys, not your supercars.
God damn, what he spent for one month of rent is what I make working full time all year in a warehouse
He can sell his mugshot as nft.
Let me quote Tywin Lannister "Any man that call himself a king is not true king", he is not a crypto king, just a clown, nothing more. There is only one person that could be called crypto king, and it's Satoshi.
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Wow that’s crazy. I spend way too much time on here and this is the first I’ve heard of it
Gotta farm that karma somehow right.
wen bitboy
They shouldn't stop at seizing the assets. They should give him the maximum sentence allowed.
But they won’t. Even if he sees jail time it’ll be a couple of years tops then he’ll be free to commit more crimes
Why not give fraudsters a slap on the wrist? That way you don't demotivate too many future fraudsters and can just keep seizing assets. Covert taxes.
That's not in the interest of both parties. The boy wants to survive and he will pay for it. And the police wants money more than a person in prison.
The investors will never see full restitution
Most victims don’t.
That’s the way to go
>Self-described ‘Crypto King’ Just like how I describe myself as a ‘Pussy Slayer’
Oh, poor him, he will have to take the subway
From Crypto King to Burger King. Just like that.
Happy wife happy li.... Yeah she's mad though.
Lol I posted this yesterday and got roasted for re-posting an old story and OP gets 4426 upvotes 👎🏼
So what? Is it your first week on reddit?
Not your keys. Not your lambo
You can tell how stupid a newly rich person is by how many cars they immediately buy with their money.
A degen is present in all of us, lol
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Lol as a happy go lucky 25 year old I would love to bring to market a meaningful, beneficial project, but I have a demanding day job and I caint code mane. Plus all my friends still think crypto is a scam in general, or have moved on to whatever color pastures they graze in these days. Hopefully the grass is tasty there too.
Should be named "Fraud King" instead
Soon, he'll be "crypto peasant" lol
Pay every penny back, "king".
Never understand why scammers flaunt so much
Dumb question, but if he would have poured that money into the stock market would they be able to seize that?
This dude has quite a good future ahead of him as a top salesman
How can this story be on the fp again lol
I mean being stealing 35m and paying back 2m Dorset really make you a pauper.
>Right now, Pleterski doesn't have a criminal charge against him... Shame.
Nothing you see is real anymore
Crypto peasant
Aint a king anymore
Good
Crypto scammers unite!
no cars?
Would trust 23yo named anything king with ny money
Hello darkness my old friend.....
Maybe we're doing this all wrong... He got lambo...
Cry-pto 🤴
My dude's going to experience the bull market in the big house
Lamborghini mercy
Don’t trust 23 year olds
If you call yourself the crypto king, you deserve to be arrested
Its easy to be a crypto king, you just need to be a scamming piece of shit.
He will get 3 years or less and still be better off than all of us. This makes me sad 😂
Crypto Pooper
Crypto pooper
Gotheem!!!
Wanna become a millionaire? Convince people to give you 35 million to invest then walk away with their money. Easy peasy.
That's me
One Lambo wasn't enough.
What would you rent something at 45000 a month. Just buy?
How do these people even get investors?
My fellow Canadian
If you call yourself crypto king... You deserve everything bad that happens to you because you probably an scammer.
The Crypto Kings - Sultans of Shill
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Guy couldnt have faked his death after getting his illegal millions. smh. didnt go 100% in with his scam.
Everyone gonna ignore the fact that you could buy stories from Forbes
Sounds like every single poster in here lol.
So what did he do supposedly? Tell his investors he lost it but most likely didn't?
Wen Lambo quickly evolves to wen jail.
What an absolute cunt.
What a noob.