In a Toronto courtroom this month, a senior forensic accountant from the Ontario Securities Commission (OSC) laid out bank records showing that self-described “Crypto King” Aiden Pleterski directed roughly $16.3 million of the $36.3 million he collected from investors between 2020 and 2022 toward his own lifestyle rather than the foreign-exchange and cryptocurrency trading his contracts promised.

Albert Ciorma testified that none of those investor deposits reached FXChoice, the Belize-based platform named in the agreements, and that only about $113,000 went to any other trading platforms.

Instead, the audit traced approximately $5.6 million into luxury vehicles, $4.9 million toward credit card bills, $870,000 into travel and…