Aiden Pleterski Trial: Accountant Details $16.3 Million in Luxury Spending From Investor Funds
Canadian cryptocurrency promoter Aiden Pleterski allegedly spent more than $16.3 million of investor funds on luxury purchases and personal expenses, according to forensic accounting evidence presented in court. The self-proclaimed “Crypto King” received approximately $36.3 million from investors between 2020 and 2022. However, investigators found no transfers to the trading platform specified in his investment agreements.
The revelations emerged during Pleterski’s fraud and money laundering trial in Toronto on October 16, 2026. The 27-year-old has pleaded not guilty to both charges.
Forensic Audit Reveals Millions in Personal Spending
Albert Ciorma, a senior forensic accountant with the Ontario Securities Commission, presented financial records detailing how Pleterski allegedly handled investor money.
According to his testimony, approximately $5.6 million went toward luxury vehicles, while $4.9 million covered credit card bills. Another $870,000 funded travel and private jet expenses, and roughly $598,000 paid for security services.
The accountant also identified nearly $3.7 million transferred to Pleterski’s parents and $609,000 in credit card cash advances. Together, the transactions accounted for more than $16.3 million in spending and transfers.
No Investor Funds Reached Promised Trading Platform
One of the most significant findings concerned FXChoice, the trading platform identified in Pleterski’s investment contracts.
Ciorma testified that none of the investor funds reached FXChoice. Furthermore, only approximately $113,000 went to other foreign exchange and cryptocurrency trading platforms.
The accountant also identified approximately $16.1 million in payments made to investors using funds Pleterski had received. Prosecutors allege that Pleterski promised investment returns while diverting substantial amounts toward personal expenses instead of executing the agreed trading strategy.
Fraud Trial Raises Questions About Crypto Investment Oversight
Canadian authorities charged Pleterski in May 2024 following an investigation involving the Ontario Securities Commission and Durham Regional Police.
Earlier testimony described investors who entrusted substantial savings to Pleterski after receiving promises of attractive trading returns. Some investors said they received updates suggesting their investments were generating consistent profits.
The latest forensic evidence adds financial detail to allegations that have attracted widespread attention across Canada’s cryptocurrency industry.
However, the accountant’s findings remain evidence presented during an ongoing criminal trial, not a judicial determination of guilt. The court must still assess the prosecution’s allegations and the defense before reaching a verdict.
