Ontario 'crypto King' Lands In Australia As Associate Flees To Dubai

Ontario 'crypto King' Lands In Australia As Associate Flees To Dubai

Ontario's self-proclaimed crypto king has just landed in Australia, the final stop of a month-long trip that he reportedly shared widely on social media, despite ongoing bankruptcy proceedings related to the conduct of a more than $40 million scheme.

Social media posts show 25-year-old Aiden Platerski arrived in Melbourne over the weekend - one of at least three places he has ventured to visit in a few months.

The Whitby, Ontario native has been traveling freely since filing for bankruptcy in September 2022 after defrauding hundreds of investors out of millions.

CTV News has reviewed numerous reports from September detailing Platersky's social life: Halloween parties in Los Angeles, poolside reports from Miami, trips to London for boxing matches and, most recently, a visit to Melbourne.

Despite Aiden's conspicuous absence as a social media influencer, one of his colleagues has admitted that he has fled to Dubai.

Ryan Rumble, a Chatham, Ont., resident who allegedly managed Platersky's $4 million "feeding fund," ignored a court order last month to surrender his passport and instead said he flew to Dubai.

Rumble and his company, Banknote Capital, filed for bankruptcy on Nov. 20 after allegedly collecting $14 million in investments from members of their community to launch a Ponzi scheme that funneled about a third of Platersky's funds.

Aiden Platersky

On November 24, Rumble appeared in court virtually - from Dubai - for a hearing about his refusal to return his passport.

Two weeks ago, Judge Paul Howard ordered Rumble to release the document by December 1 or face serious consequences, including possible prison time.

But in the meantime Rumble left the country and flew to Dubai.

“Here in Dubai I had the opportunity to find a job and earn money. And that’s why I’m here,” Rumble said in court Nov. 24. “The only way for me is to get the funds to pay off the debt. My investors are here.”

The uproar has put the court in a “difficult position” to challenge the ruling, Howard said in response.

“This is an order. It's not an offer. It is not a guideline or recommendation. It’s a court decision.”

Normal Groot, the fraud attorney representing the Rumble class action lawsuit, confirmed that he did not surrender his passport. The next hearing of the case will be held in court on December 14.

There is no direct way to confiscate a passport from an arbitration officer. In the Platersky case, the trial administrator twice recommended that the court arrest Platersky for failure to perform his duties, but the court did not grant the request.

The manager previously reported that more than 98 percent of the funds collected by Platersky were never invested.

At this time, Pletsarsky is not being prosecuted and is therefore not restricted in his day-to-day activities.

Platersky has spent dozens of hours in the air in recent weeks, including more than five hours assembling and dismantling the Lego Titanic.

Aiden Platersky

In his first stream, he speaks openly – “he shares his story” – about the rise and fall of his crypto empire.

“I wanted to share my story with you,” Platersky told his online audience.

“Don’t do anything to impress people, because if you do anything to impress other people, the first thing you can do is go bankrupt, because what impresses other people? Supercar. Luxury lifestyle,” Platersky said in a now-deleted video originally posted in September.

Shortly after, in early November, she posted an Instagram story with the caption, "Excited to rent exotic cars, yachts and villas in South Florida or Los Angeles and Orange County!! Days later, a second Instagram post showed the 25th -year-old behind the wheel of a Lamborghini Aventador SVJ.

According to cross-examination last November, in 2020, Platersky began investing money from friends and family and renting luxury cars for $300 to $2,000 a day. His collection includes a fleet of fluorescent Ferraris and Lamborghinis parked in front of his $8 million lakefront mansion in Burlington.

Banknote

“I woke up almost every day and there was a movie every day,” he said during a recent livestream, reflecting on that time.

"It's a surreal feeling to win a lot of money, but it ruined a lot for me... Instead of buying an apartment, I want to buy a whole house," Platersky added.

“I will never be satisfied with what I do.”

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