[Canada's 'Crypto King' Accused of Squandering $16.3 Million of Investors' Funds on Luxury Cars, Private Jets, and More] According to a report by the Canadian Broadcasting Corporation (CBC), Aiden Pleterski, who calls himself the 'Crypto King,' is on trial at the Ontario Superior Court. A senior forensic accountant from the Ontario Securities Commission testified that between 2020 and 2022, investors entrusted him with $36.3 million, nearly half of which he spent on personal expenses. Specific expenditures included approximately $5.6 million on luxury cars, $4.9 million on credit card bills, $870,000 on travel and private jets, $598,000 on security costs, and nearly $3.7 million in transfers to his parents. Meanwhile, he paid investors approximately $16.1 million as 'returns.'