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What the jury didn't hear at the 'Crypto King' trial: Why he didn't have a lawyer — and why the judge said 'I am not fooled'

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Cite

Powell, B. (2026, October 29). What the jury didn't hear at the 'Crypto King' trial: Why he didn't have a lawyer — and why the judge said 'I am not fooled'. Toronto Star. https://www.thestar.com/news/gta/what-the-jury-didn-t-hear-at-the-crypto-king-trial-why-he-didn-t-have-a-lawyer-and-why-the-judge-said-i-am-not-fooled/article_025abcdd-0ed0-4368-a4d6-b02bb177fb10.html

Dated from the outlet's own feed. Check the original for its byline.

Toronto Star · collected 2026-10-29 · by Betsy Powell

Quick Summary

Aiden Pleterski, known as Ontario’s “Crypto King,” was found guilty by a Toronto jury of defrauding investors in what prosecutors characterized as a Ponzi scheme. During the trial, Pleterski repeatedly claimed he needed a lawyer but chose to represent himself. The judge believed this was a strategic move rather than genuine incapacity. Key financial details revealed that Pleterski spent approximately $16 million out of $40 million in investor funds on luxury items and personal expenses. The jury deliberated for less than two hours before delivering their verdict, unaware of the behind-the-scenes disputes over Pleterski’s representation.
Written by AI on 2026-10-29, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Why this leaning score
This article does not take a side on a contested political question, so it has no leaning score. That is an answer rather than a gap: a match report or a rescue can be warmly or critically written without being left or right, and scoring it anyway is how approval of a subject gets recorded as a political position.
No political leaning scored for article 115205 · logged 2026-10-29

Story

📰 Crypto King Trial Omissions
Other · 1 article(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 6% of its claims. Each row says how that neighbour differs.
Mother Jones
Hedges 3 of 6 claims Outlet record 95/100
“The articles discuss different subjects; one is about voter concerns over corruption related to Trump, while the other focuses on a trial of 'Crypto King' Aiden Pleterski.”
CBC News
Hedges 5 of 32 claims Outlet record 60/100
“The articles describe different individuals (Trenton Johnston vs. Aiden Pleterski) involved in separate incidents of cryptocurrency-related fraud and legal proceedings.”
Washington Examiner
⚖️ Leans right Hedges 0 of 2 claims Outlet record 70/100
“The articles discuss different topics related to the crypto industry but do not describe the same specific incident.”
CBC News
Hedges 3 of 44 claims Outlet record 74/100
“The articles discuss different aspects of Aiden Pleterski's fraud trial, but do not describe the same specific incident.”
CBC News
Hedges 0 of 3 claims Outlet record 74/100
“While both articles discuss Aiden Pleterski's fraud trial, Article B focuses on what the jury did not hear about why Pleterski was representing himself, which is a different aspect of the event than Article A's report of the guilty verdict.”
CBC News
Hedges 3 of 53 claims Outlet record 74/100
“While both articles discuss Aiden Pleterski's fraud trial, Article A focuses on his closing statement to the jury, while Article B discusses aspects of the trial that were not heard by the jury.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
99
sentences that state something as happening or true
Uncertain
6%
6 of 99 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Toronto Star's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Other
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-29 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Toronto Star · 10281 article(s) · 27 correction(s) detected
Running correction rate · 27 correction(s)
2026-10-26
Correction
2026-10-24
Correction
2026-10-07
Correction
2026-09-24
Correction

Who wrote this

Betsy Powell
10 article(s) here · 1 carrying a prediction
🔮 Pleterski came to broader public attention as Ontario’s self‑styled “Crypto King” after Durham Regional Police arrested him for fraud on May 14, 2024, alleging he used investors’ money to bankroll a lavish lifestyle rather than trade in cryptocurrency and foreign‑exchange markets, as he had promised.
🔮 The teen, who has been diagnosed with attention deficit hyperactivity disorder and substance use disorder, will receive intensive, clinically driven programming during custody, followed by tightly supervised community reintegration.
🔮 “Whatever opinions people may have of me, my financial affairs or the circumstances that preceded these events, no financial dispute justifies kidnapping, violence or intimidation.”
🔮 “I know a lot of big entrepreneurs these days in the crypto space are younger kids, very savvy,” Singh said, citing global examples of billionaires who launched companies in their teens or early twenties. “I kept on hearing about him over and over and over, so I thought he was a sharp kid — could be one of those unicorns.”
🔮 He said he was licensed — she wasn’t sure of the details — and that he invested money in foreign currency and would take a 30 per cent cut of any profits.
🔮 As other investors this week testified, Learning said Pleterski told him his principal was guaranteed and he could expect weekly returns of between five and 10 per cent.
🔮 Renting high‑end cars is “addictive,” and Pleterski would come back with stories about going out and enjoying himself, Wilson said.
🔮 Things changed dramatically once Pleterski began soliciting money after telling people it would be used for foreign‑exchange trading or to buy commodities such as gold or cryptocurrency, Patterson said. “He told them their principal was guaranteed.
🔮 Her son was on his way to the downtown Toronto courtroom but fell ill en route from Dryden, Ont., and had to turn back, “so that reunion hopefully will occur in the near future,” her lawyer, James Lockyer, told the court.
🔮 When he identified himself as a police officer and yelled at him to stop, Abdoul Bah responded: “I will shoot you, man.”
Also by Betsy Powell
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 10 articles by Betsy Powell →

Topics

Crown Durham Regional Police Ontario Superior Court Toronto

Subjects

Pleterski PERSON · 13× Crown ORG · 3× Aiden Pleterski’s PERSON · 2× Crypto King PERSON · 2× Ontario GPE · 2× Sciarra PERSON · 2× Toronto GPE · 2× Aiden Pleterski PERSON · 1× Durham Regional Police ORG · 1× Superior Court ORG · 1×

Narrative

A forensic accountant who audited Pleterski’s bank accounts testified that between 2020 and 2002, he spent about $16 million of $40 million investor money on himself, including blowing $5.6 million on luxury vehicles, $870,000 on travel and private jets, another $5 million to pay off credit card charges — along with forking over $16 million in payouts to investors from the funds he received.
framing: assertive · carried by 1 article(s) · first seen 2026-10-29
🔮 Pleterski came to broader public attention as Ontario’s self‑styled “Crypto King” after Durham Regional Police arrested him for fraud on May 14, 2024, alleging he used investors’ money to bankroll a lavish lifestyle rather than trade in cryptocurrency and foreign‑exchange markets, as he had promised.

Claims (99 extracted, 6 hedged)

The Toronto jury deciding if Aiden Pleterski committed fraud repeatedly heard him say he needed a lawyer. asserted
he → decide → lawyer
What jurors did not know was why he was defending himself — nor that the trial judge believed Pleterski’s repeated refusal to participate in his trial was a calculated attempt to lay the groundwork for an appeal. asserted
refusal → know → appeal
Pleterski came to broader public attention as Ontario’s self‑styled “Crypto King” after Durham Regional Police arrested him for fraud on May 14, 2024, alleging he used investors’ money to bankroll a lavish lifestyle rather than trade in cryptocurrency and foreign‑exchange markets, as he had promised. uncertain
he → come → markets
The Crown told the jury that Pleterski was running a classic Ponzi scheme, luring new investors with claims of fabulous returns — up to one per cent each day — while never actually investing their money. uncertain
Pleterski → tell → money
A forensic accountant who audited Pleterski’s bank accounts testified that between 2020 and 2002, he spent about $16 million of $40 million investor money on himself, including blowing $5.6 million on luxury vehicles, $870,000 on travel and private jets, another $5 million to pay off credit card charges — along with forking over $16 million in payouts to investors from the funds he received. asserted
he → audit → funds
Outside the jury’s presence, Pleterski and Superior Court Justice Shaun Nakatsuru clashed — always politely — over whether he was unable to defend himself or choosing not to. asserted
he → clash → himself
Pleterski said he was overwhelmed and didn’t know what he was doing, and offered this assessment of his courtroom abilities the one and only time he tried to conduct a cross-examination: “I sounded like an idiot up there.” asserted
I → say → idiot
The judge, however, concluded he was sophisticated enough to proceed and warned that his conduct appeared “tactical.” asserted
conduct → conclude → ?
Aiden Pleterski’s lavish “Crypto King” persona drew in scores of investors. asserted
persona → draw → investors
The Crown called it a classic Ponzi scheme. asserted
Crown → call → it
Aiden Pleterski’s lavish “Crypto King” persona drew in scores of investors. asserted
persona → draw → investors
The Crown called it a classic Ponzi scheme. asserted
Crown → call → it
Jurors were left to assess Pleterski’s silence without knowing about the dispute that left him alone at the defence table. asserted
that → leave → table
The result was a trial with two narratives: the fraud case jurors were asked to decide, and the quiet courtroom drama that unfolded outside the jury’s view. asserted
that → ask → view
As the jury began its deliberations Thursday morning, one question hung in the air: Was Pleterski, a boyish, one‑time car jockey, manipulating the people around him — as several investors and an ex‑girlfriend say — or was he, as he insisted, “genuinely” unable to defend himself? asserted
he → begin → himself
Less than an hour and a half later, Pleterski’s jurors returned to court with their verdict: guilty. asserted
jurors → return → verdict
Ontario juries are told to consider only evidence they hear and see in court. asserted
they → tell → court
Once a trial has begun, standard publication bans prevent journalists from reporting on evidence from previous bail hearings and pre-trial motions, or on courtroom discussions that happened during trial, but without the jury present. asserted
that → begin → jury
Those publication bans lift once the jury begins deliberating. asserted
jury → lift → ?
Why the Crypto King didn’t have a lawyer asserted
King → have → lawyer
The stage was set just days before the start of trial, when Pleterski asked for more time to retain a lawyer. asserted
Pleterski → set → lawyer
At a hearing at the downtown Toronto courthouse on Sept. 28, lawyer Marco Sciarra told Nakatsuru that Pleterski had paid his firm substantial legal bills in the previous year, but not enough to cover the cost of an expensive fraud trial. asserted
Pleterski → tell → trial
“He has done everything he can to retain counsel,” Sciarra said. asserted
Sciarra → do → counsel
Other legal issues had also arisen, forcing Pleterski to “divert some of that retainer,” Sciarra explained. asserted
Sciarra → arise → retainer
Pleterski had begun dating a woman in October 2024, while awaiting trial. asserted
Pleterski → begin → trial
In early January 2025, after returning from a casino, he “lost his mind” during an argument and ripped out her hair extensions, she told police. asserted
she → return → police
Security guards removed him from the building, and he was told not to return. asserted
he → remove → building
He did return, while also sending her repeated emails and money transfers “in an attempt to get her back,” a court eventually heard. asserted
court → return → her
Pleterski ultimately pleaded guilty to assault and unlawful entry. asserted
Pleterski → plead → assault
He received a suspended sentence and was placed on probation for two years. asserted
He → receive → years
In her victim impact statement, the woman claimed Pleterski manipulated and “deceived me emotionally and financially.” asserted
Pleterski → claim → me
The domestic case was among the matters consuming money otherwise available for his fraud defence, Sciarra told the court, without going into details. asserted
Sciarra → consume → details
He argued the fraud case was also too large and complex for Pleterski to navigate alone. asserted
Pleterski → argue → ?
“He just doesn’t have the tools to represent himself in a case of this nature,” Sciarra said. asserted
Sciarra → have → nature
Legal aid funding — which Pleterski wouldn’t qualify for since he had already contributed to his defence — also wouldn’t come close to covering the cost of the case, the veteran Toronto litigator told the judge. asserted
litigator → qualify → judge
Nor will the major banks have anything to do with him or his immediate family, given the “notoriety of the case.” asserted
banks → have → case
At the September hearing, Sciarra said extended family might be in a position to liquidate assets, but that would take time. uncertain
that → say → time
Crown attorney Scott Patterson countered that Pleterski had not been candid about his efforts to hire a lawyer. asserted
Pleterski → counter → lawyer
Patterson noted Pleterski repeatedly told different judges that he was shortly going to have counsel retained. asserted
counsel → note → judges
Numerous times, judges also told him he would have to represent himself if he didn’t have a lawyer to represent him. asserted
he → tell → him
…and 59 more, not listed.
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