Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
source link: https://finance.yahoo.com/news/fallen-crypto-king-owes-millions-125024421.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Listen to the CoinMarketRecap podcast on Apple Podcasts, Spotify and Google Podcasts
A self-styled "Crypto King" who allegedly fleeced investors out of millions was kidnapped and tortured, according to explosive court documents.
Aiden Pleterski led a lavish lifestyle and owned McLaren sports cars and a Lamborghini — and even rented a plush waterfront home for $45,000 a month.
He had promised his investors healthy returns of 7%, but it all came crashing down and he ended up filing for bankruptcy.
It's believed Pleterski, who was 23 when his company went under, was abducted by disgruntled creditors.
Testimony from his father Dragan reveals:
One person that Pleterski was allowed to contact was a man called Sandeep Gupta, his landlord.
Gupta recalled receiving multiple calls late at night from Pleterski, in which he said:
Gupta told him that this would be impossible to arrange — and while he was determined not to pay any money, he wanted to engineer the situation so he didn't come to harm. On a different phone, he began to call 911.
Over the following days, the landlord worked with officers in an attempt to set up a sting meeting and ensure that Pleterski could be brought to safety.
He was later released on the understanding that he would get the cash to his kidnappers as soon as possible — and was warned that interacting with law enforcement would make his situation much, much worse.
Gupta said in his testimony that Pleterski's actions had put him and his family in danger — with random people also visiting the property that the fallen entrepreneur was renting.
Efforts are now underway to recover as much money as possible for Pleterski's victims.
While he has claimed that the money was lost in a series of bad trades and margin calls, he's been accused of blowing millions on his lavish lifestyle. It's estimated that he had only invested 1.6% of the funds he was given. The court filing says:
He allegedly attempted to defend himself by saying he was a "20-something-year-old kid."
- MoneyWise
‘This is ruining electric cars’: A top YouTube tech reviewer called out one of the biggest drawbacks of EVs in a viral video — here's the major issue and 3 companies looking to solve it
Read this before you trade in your gas guzzler.
2h ago - USA TODAY
1.7 tons of boneless beef chuck recalled in 9 states due to E. coli detection
Elkhorn Valley Packing, a Kansas-based meat packer, is voluntarily recalling over 3,00 pounds of beef after USDA testing detected E. coli.
2h ago - Investor's Business Daily
Short Sellers Are Betting Serious Money 11 Stocks Will Crash Soon
Short sellers are getting bold again. And they've picked their favorite stock market targets to crash.
6h ago - TipRanks
Billionaire Barry Sternlicht Is Heavily Invested in This 15%-Yielding Dividend Stock for Steady Income Growth
Following multiple recent bank collapses, some on Wall Street estimated the Fed would step back from its by-now customary rate hikes when it convened to discuss its monetary policy last week. That did not happen, however, and Fed chair Jerome Powell announced another 0.25 percentage point rate increase. One prominent investor thinks that was unnecessary and counterproductive. “Obviously he (Fed Chair Jerome Powell) didn’t need to do what he did,” billionaire Barry Sternlicht said, likening the a
19h ago - TheStreet.com
Iconic Las Vegas Casino Responds to 'No Color' Controversy
People who saw only the large print of the sign from a picture expressed outrage and concern to Las Vegas's KSNV. The full sign shows that the policy is an attempt to stop patrons from wearing gang colors on Fremont Street and in the various casinos that surround it. "No person while on the premises of the Fremont Street Experience Member Properties shall exhibit, or make visible to the naked eye, on his person[,] apparel, accessories, vehicles, or any emblem, decal, insignia, badge, kerchief, or sign that states, suggests, displays, endorses, supports for, membership in, or endorsement of any motorcycle club, gang, association, or organization."
4h ago - TheStreet.com
Look: The Brutal Layoff Email Disney CEO Bob Iger Sent Employees Today
Disney might be the happiest place on earth, but one thing's for sure -- it isn't so happy there today. CEO Bob Iger sent out an email to Disney employees on March 27 informing them that the layoffs previously announced in February have begin.
1h ago - Zacks
Do Options Traders Know Something About First Republic (FRC) Stock We Don't?
Investors need to pay close attention to First Republic (FRC) stock based on the movements in the options market lately.
5h ago - MoneyWise
'You are so denied': Suze Orman warns these 5 financial blunders will set you back in a big way — here's what you should do instead
This money management maven doesn't mince words when it comes to financial faux-pas.
6h ago - MoneyWise
Should I charge my adult kid rent to live at home? Here are the pros and cons of forcing your grown child to pay up — or else move out
Living at home gives them a chance to save up and live cheaply. But should they do it at your expense?
4h ago - Bloomberg
Saudi National Bank Chair Resigns After Credit Suisse Remark
(Bloomberg) -- Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkFirst Citizens to Buy SVB After Biggest Failure Since 2008Binance and Its CEO Sued by CFTC Over US Regulatory ViolationsStocks Pare Gains on Tech Weakness; Bonds Retreat: Markets WrapAmmar Al Khudairy, the chairman of Credit Suisse Group AG’s largest shareholder, has resigned just days after his comments helped trigger a slump in the stock and bonds that prompted the Swiss government to step in and
9h ago - Benzinga
What's Going On With Carnival Shares Today
Carnival Corp (NYSE: CCL) shares are edging down 0.6% following its Q1 results. CCL reported first-quarter FY23 sales of $4.43 billion, beating the consensus of $4.33 billion. Revenue grew 95% from 2019 levels and jumped 173% from $1.6 billion in the prior year. Passenger Cruise Day (PCD) increased 180.5% Y/Y to 20.2 million. Occupancy for Q1 was 91%. Available lower berth days (ALBD) for Q1 were 22.1 million. Total customer deposits as of February 28, 2023, totaled $5.7 billion. Selling and adm
1h ago - Barrons.com
Tesla’s Delivery Data Are Coming Soon. This Number Could Lift the Stock.
Analysts think the EV maker will meet or deliver more cars than what Wall Street expects for the first quarter.
2h ago - SmartAsset
How Much Can a Retired Person Earn Without Paying Taxes?
Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
5h ago - Barrons.com
Fisker Stock May Be Set to Take Off. Buy It Now, Citi Says
Monday, Citi analyst Itay Michaeli opened a "90-day upside catalyst watch" for Fisker stock. He believes that if Fisker hits its milestones the narrative on the stock will change for the better.
2h ago - Investor's Business Daily
Dow Jones Holds Gains While Tech Fades; Elon Musk Twitter Woes Increase
The Dow Jones Industrial Average rose 0.5% at noon on Monday. The blue-chip index held slender gains as it traded off its morning highs. The Nasdaq declined 0.6%. Aircraft bellwether Boeing and bank leaders Goldman Sachs and JPMorgan all rose.
1h ago - TheStreet.com
I'm Buying Doug Kass' Case for Schwab
Real Money writer Doug Kass made mention this week a few times that he is building up a position in Charles Schwab Corporation . The stock has dropped some 30% since the implosion earlier this month in Silicon Valley Bank . Insiders have purchased over $6 million shares in aggregate since SVB's debacle.
1d ago - Zacks
Investors Heavily Search Merck & Co., Inc. (MRK): Here is What You Need to Know
Merck (MRK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
5h ago - Investor's Business Daily
GE Stock Offers New Entry After Rallying 40% — Is It A Buy?
General Electric will emerge as an aviation and defense pure play in early 2024 after completing its big breakup. Is GE stock a buy as it works on a new entry? The company remains on track to spin off its energy business, as GE Vernova, in early 2024.
4h ago - TheStreet.com
Bearish Bets: 3 Stocks You Should Consider Shorting This Week
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Children's Place recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.
1d ago - Investor's Business Daily
Bank Stocks Rally: First Citizens Buys Silicon Valley Bank; Officials Weigh More Support
Bank stocks rallied as First Citizens agreed to buy Silicon Valley Bank while officials mull more First Republic support. KeyCorp got an upgrade.
4h ago - Barrons.com
What to Know About First Citizens and Why It’s Buying Parts of Silicon Valley Bank
North Carolina-based First Citizens is getting a $16.5 billion discount on the assets it's buying.
5h ago - Barrons.com
Two Bank Stocks for Bulls After the Panic, According to Citi
Analyst Keith Horowitz upgraded both KeyCorp and M&T Bank to Buy from Neutral, as the banking sector tries to come back from a rough couple of weeks.
3h ago - Zacks
Intuitive Surgical, Inc. (ISRG) Stock Jumps 4.9%: Will It Continue to Soar?
Intuitive Surgical, Inc. (ISRG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
6h ago - Investor's Business Daily
Tesla Deliveries Expected To Set Record But Analysts Predict 2023 Earnings Shrinking
Wall Street predicts the global electric-vehicle giant will report delivering around 430,000 vehicles for the first quarter of 2023.
4h ago - Fortune
Hedge fund made $30 million in days thanks to a well-timed bet on Credit Suisse’s problems
The NYC-based fund won big from Credit Suisse’s demise.
7h ago - Bloomberg
Banking Crisis Raises Concerns About Hidden Leverage in the System
(Bloomberg) -- As traders rush to identify where the next bout of volatility will come from, some watchdogs think the answer may be buried in the huge pile of hidden leverage that’s been quietly built over the past decade.Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkFirst Citizens to Buy SVB After Biggest Failure Since 2008Binance and Its CEO Sued by CFTC Over US Regulatory ViolationsStocks Pare Gains on Tech Weakness; Bonds Retreat: Markets WrapMore than a
7h ago - TheStreet.com
Caterpillar's Stock Was Hot, Now It's Not: Here's the Trade
When President Biden signed the $1T bi-partisan Infrastructure Investment and Jobs Act into law in November 2021, one knew that there would be plenty of need for the kind of equipment that Caterpillar sells and United Rentals rents. Both stocks were downgraded this weekend by the very highly rated (5 stars at TipRanks) Mircea Dobre of Robert W. Baird. As a matter of fact, as credit conditions are expected to tighten resulting in reduced economic activity, and as the US continues to forge ahead without an agreed upon budget for the current fiscal year, Dobre, who expects to see a slowdown in non-residential construction in particular, has downgraded Caterpillar twice in less than two months.
3h ago - SmartAsset
This Table Explains 2023's IRA Required Minimum Distribution (RMD)
An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.
1d ago - Investor's Business Daily
These Are The 5 Best Stocks To Buy And Watch Now
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
15h ago - Reuters
Carnival posts smaller loss on strong travel demand, higher ticket pricing
(Reuters) -Cruise operator Carnival Corp on Monday reported a smaller-than-expected quarterly loss and beat estimates for revenue, helped by strong demand for leisure travel, higher ticket prices and strong on-board spending. Cruise operators like Carnival, Royal Caribbean Group and Norwegian Cruise Lines Holdings are reporting resilient demand from cooped-up consumers undeterred by elevated inflation as COVID-19 pandemic-related restrictions ease. "We are still experiencing a record wave season, which started early, gained strength and has extended later into the year," Carnival CEO Josh Weinstein said.
4h ago - SmartAsset
Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them
Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals … Continue reading → The post Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them appeared first on SmartAsset Blog.
50m ago - Barrons.com
Ford Sets a High Bar on EV Costs. It Leaves Rivian Wanting.
Ford plans to cut roughly $20,000 from the cost of making an EV in the coming few years to hit its profitability goals. Rivian will have to do much better than that.
3h ago - Investor's Business Daily
BioNTech Stock Crumbles After 2023 Outlook Misses By Almost $3 Billion
BioNTech said Monday it expects roughly $5.4 billion in sales of its Covid shot this year, missing views and leading BNTX stock to tumble.
3h ago - Zacks
Is Trending Stock Exxon Mobil Corporation (XOM) a Buy Now?
Exxon (XOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
5h ago - Zacks
Natural Gas Weekly Prices Witness Another Sharp Fall
With natural gas prices having depreciated significantly in 2023, we advise focusing on fundamentally sound companies like SBOW and LNG.
6h ago - Barrons.com
These Stocks Are Moving the Most Today: First Citizens, First Republic, Coinbase, Blackbaud, Carnival, and More
First Citizens Bancshares agrees to acquire large parts of failed Silicon Valley Bank, lifting shares of other regional lenders such as First Republic Bank. Blackbaud stock rises after rejecting a takeover bid as too low.
33m ago - Barrons.com
Crocs, United Airlines, and 18 Other Stocks for the Next Bull Market
It’s a good bet that stocks with the greatest sensitivity to liquidity will be outstanding performers during the next bull market.
5h ago - CoinDesk
ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day
Cathy Wood's fund bought COIN and SQ on Thursday and Friday last week after Coinbase tumbled on getting hit with a Wells Notice and Block took a hit following a short-seller's report.
15h ago - Zacks
Pfizer Inc. (PFE) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Pfizer (PFE). This makes it worthwhile to examine what the stock has in store.
5h ago - Barrons.com
Lululemon, Intel, Carnival, Micron, Walgreens, and More Stocks to Watch This Week
BioNTech, Carnival, Lululemon, McCormick, Micron, and Walgreens Boots Alliance report this week. Plus, banking regulator testimony, housing data, and consumer confidence.
23h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK