{"id":927162,"date":"2026-10-10T01:02:16","date_gmt":"2026-10-10T01:02:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/927162\/"},"modified":"2026-10-10T01:02:16","modified_gmt":"2026-10-10T01:02:16","slug":"crypto-king-investor-recounts-the-moment-he-learned-311m-investment-fund-didnt-exist","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/927162\/","title":{"rendered":"&#8216;Crypto King&#8217; investor recounts the moment he learned $311M investment fund didn\u2019t exist"},"content":{"rendered":"<p class=\"paragraph-b3GxD html-paragraph\">An investor and friend of Aiden Pleterski showed up at the lakefront mansion of the self-described &#8220;Crypto King&#8221; in June 2022 to &#8220;get proof in person&#8221; of how much money was in Pleterski\u2019s investment account \u2014 after receiving a screenshot and video showing a balance of $311 million.\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Mitchell Learning, who said he invested $400,000, took the stand Friday, on the fourth day of <a class=\"link-_o8iA html-anchor\" href=\"https:\/\/www.cbc.ca\/news\/canada\/toronto\/aiden-pleterski-crypto-king-trial-oct-8-9.7374692\" target=\"_blank\" rel=\"nofollow noopener\">Pleterski\u2019s fraud and money laundering trial<\/a> in Toronto. Both the screenshot and video showing the trading account were shown to the jury in Superior Court.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Pleterski has pleaded not guilty to fraud over $5,000 and money laundering. <\/p>\n<p><img decoding=\"async\" loading=\"lazy\" alt=\"Someone holding a phone with trading account information on the screen.\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/10\/1791594134_934_default.jpg\" style=\"aspect-ratio:1.765751211631664\" data-cy=\"image-img\"\/><\/p>\n<p class=\"imageCaption-oOSXz\">The jury in Aiden Pleterski&#8217;s trial was shown this photo on Friday of Mitchell Learning holding his own phone with a screenshot he testified Pleterski sent him of Pleterski&#8217;s trading account with a balance of more than $311 million. (Ontario Superior Court of Justice)<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Pleterski wasn\u2019t home when Learning arrived at his Burlington, Ont., home.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">In his absence, Learning testified he was able to gain access to Pleterski\u2019s email account on his computer and found an email from the trading platform FXChoice confirming Pleterski had &#8220;successfully deleted&#8221; the account where the $311 million was supposed to be.\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">He then told mutual friends to come to Pleterski\u2019s mansion, and one of them recorded a video, also presented in court, of Pleterski\u2019s emails. Those included account statements from another trading platform Forex.com.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" alt=\"Aerial view of luxury homes on Lake Ontario.\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/10\/1791594135_402_default.jpg\" style=\"aspect-ratio:1.7777777777777777\" data-cy=\"image-img\"\/><\/p>\n<p class=\"imageCaption-oOSXz\">Aiden Pleterski&#8217;s Burlington, Ont., mansion. Friend and investor Mitchell Learning, who said he invested $400,000 with Pleterski, says he went to his home seeking proof of an investment fund. (Pelin Sidki\/CBC)<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">&#8220;Looks like it\u2019s never been higher than $1,000, oh my god,&#8221; the friend says on the video as he and Learning look through the statements.\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Referring to the &#8220;available margin&#8221; on another statement, the friend says, &#8220;400 f\u2013king dollars, I\u2019ve been f\u2013ked.&#8221; <\/p>\n<p>Confronting the &#8216;Crypto King&#8217;<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Later, Learning said Pleterski returned home and told him and Pleterski\u2019s girlfriend &#8220;a story&#8221;\u00a0 where Pleterski was trading and everything was going well until the summer of 2021 &#8220;where apparently things took a turn.&#8221;\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">&#8220;At the end of the summer, around September 2021, he had $40 million in a trading account,&#8221; Learning said about what Pleterski told him.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">&#8220;It only kept going down from there. He tried to make riskier trades to make money back, essentially losing the remainder of the money and then from that point on starting running a Ponzi scheme.&#8221;<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" alt=\"Court sketch of man with curly hair sitting down.\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/10\/1791594135_158_default.jpg\" style=\"aspect-ratio:1.3335664335664337\" data-cy=\"image-img\"\/><\/p>\n<p class=\"imageCaption-oOSXz\">Mitchell Learning testified at the Superior Court in Toronto on Friday on the fourth day of &#8216;Crypto King&#8217; Aiden Pleterski\u2019s fraud and money laundering trial. (Pam Davies\/CBC News)<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Afterward, Learning said he left the house and didn\u2019t really know what to do.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">&#8220;There were a lot of emotions and I was definitely very upset about everything,&#8221; he said in court.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Two days later, Learning said he recorded a phone call with Pleterski. <\/p>\n<p>Pleterski promises to &#8216;make it right&#8217;<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">The 30-minute call was played in court Friday afternoon. In it, Pleterski expresses regret for not being &#8220;f&#8211;king straight up with everybody&#8221; when &#8220;the investment went to s&#8211;t, trading went bad, everything was lost.&#8221; <\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Learning also gets angry at Pleterski for the position he says Pleterski put him in.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">&#8220;You did me so f&#8211;king dirty,&#8221; said Learning on the June  2022 phone call recording.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">&#8220;You lied to me. You got me to show fake f&#8211;king s&#8211;t to people, put my neck out for you, meet people, be the f&#8211;king, like, face? And just, like, all of it was just a f&#8211;king lie.&#8221;<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Pleterski then tells Learning, on the recording, that he&#8217;s going to fix it and will &#8220;make it right&#8221; to get everyone their money back.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">In court, Pleterski chose not to cross-examine Learning.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">&#8220;I&#8217;m unable to come up with questions for the witness,&#8221; he said. <\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">The Crown is alleging Pleterski guaranteed investors&#8217; money given to him for trading, but never actually invested the funds. Instead, the <a class=\"link-_o8iA html-anchor\" href=\"https:\/\/www.cbc.ca\/news\/canada\/toronto\/aiden-pleterski-crypto-king-trial-oct-8-9.7374692\" target=\"_blank\" rel=\"nofollow noopener\">Crown argues Pleterski spent the money on himself<\/a>, including on exotic cars, flights on private jets, lavish shopping and credit card bills that ran into the millions.<\/p>\n<p>Range Rover, McLaren on Instagram<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Earlier Friday, Learning explained how he first met Pleterski when they played a season of baseball together in 2014. They followed each other on Instagram, and in 2020 when Learning saw Pleterski post a photo of Range Rover and McLaren, Learning said he reached out to find out what Pleterski was up to. Pleterski said he was trading.\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">In Sept. 2020, Learning first gave Pleterski $2,500 to trade on his behalf. His investment later grew to $400,000.\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">&#8220;I got quite a lot of money out originally,&#8221; said Learning. &#8220;I think it was just over a million dollars.&#8221;<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" alt=\"Luxury cars sitting outside of a luxury house.\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/10\/1791594136_985_default.jpg\" style=\"aspect-ratio:1.4625\" data-cy=\"image-img\"\/><\/p>\n<p class=\"imageCaption-oOSXz\">Aiden Pleterski posted these photos from the Burlington, Ont., mansion where he was living on his Instagram account. (aiden.ptrs\/Instagram)<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Learning testified that he eventually gave some of that money to family and friends who also invested and were trying to get their principal funds back.\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Earlier on, Learning also said he tried to get more involved in Pleterski\u2019s operation and would pick up and deliver bank drafts from investors for Pleterski, at one point getting paid $2,000 a week for six weeks to do these and similar errands.\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Learning went on three trips with Pleterski, where they flew on private jets \u2014 one to Ohio for a boxing match, a second to Florida for a week and a third to Turks and Caicos for Pleterski\u2019s girlfriend\u2019s birthday in March 2022.\u00a0<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">Pleterski was arrested in May 2024 after a lengthy investigation by Durham Regional Police and the Ontario Securities Commission. Police allege he operated a multimillion-dollar Ponzi scheme. <\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">So far at trial, nine investors have testified to giving Pleterski more than $2 million collectively to trade on their behalf. Most of them said they didn\u2019t get any of that money back.<\/p>\n<p class=\"paragraph-b3GxD html-paragraph\">The trial is expected to continue Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"An investor and friend of Aiden Pleterski showed up at the lakefront mansion of the self-described &#8220;Crypto King&#8221;&hellip;\n","protected":false},"author":2,"featured_media":927163,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-927162","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/927162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=927162"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/927162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/927163"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=927162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=927162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=927162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}