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Home CryptoCurrency

Burnt-out investor charged with kidnapping and assaulting Ontario’s ‘crypto king’ (report)

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July 18, 2023
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Burnt-out investor charged with kidnapping and assaulting Ontario’s ‘crypto king’ (report)
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Canadian law enforcement agents have arrested 39-year-old Akil Haywood for allegedly kidnapping, threatening and beating Eden Platersky in December 2022. The latter allegedly ran a crypto scam that led to the withdrawal of over $40 million from investors. Records show Haywood invested $740,000 with Platersky, making him one of countless victims.

The alleged fraudster apologized in a recent video and vowed to “live the minimum” in order to pay back defrauded investors.

Brutal way of revenge?

As informed of Per the CBC, Haywood is among five people facing charges related to the kidnapping and assault of self-proclaimed “crypto king” Eden Platersky late last year. The former is believed to be one of the individuals who was lured into the cryptocurrency scheme run by the latter and served as an inspector in the bankruptcy proceedings of the case.

Fraud recovery attorney Norman Groot said, “I have never seen a bankruptcy proceeding where an inspector has been charged with kidnapping and forcible confinement related to recovery of money in bankruptcy.”

A spokesman for Grant Thornton reported that Heywood resigned as an inspector on 7 July. In addition to the alleged kidnapping, the 39-year-old president of Atlantic Mass Camp allegedly made threats to induce bankruptcy trustee Rob Stelzer to pay $2 million in cryptocurrency. This amount is far more than the $740,000 he lost investing with “Crypto King”). While the investigation is ongoing, Canadian authorities have released Heywood on bail.

Platersky’s lawyer – Michael Siman – said his client was “grateful for the work of Toronto police in apprehending those involved in the kidnapping and attack.”

It is noteworthy that Platersky warned about Heywood’s aggressive behavior two weeks before the abduction. She said during an interview that the alleged kidnapper “is still, sending me threats, and very dangerous, violent threats, on Instagram comment sections and in text messages.”

Four other men accused of abducting Platersky have been charged with additional charges, such as pointing a gun at him. None of the claims have yet been tested in court.

From a ‘crypto king’ to a man begging for forgiveness

In addition to reporting information about the kidnapping and related suspects, media outlets published A video shows how Platersky regrets the loss to investors. The man, who appeared to be beaten, explained that he started dealing in digital currencies in 2020, while, in the following months, he offered his services to family, friends and other individuals.

And while this plan worked perfectly during the crypto bull market, “everything went downhill” when prices started to slide.

“I had to be honest with everyone when the crypto market started to decline in November 2021. “I made significant losses, where my debts exceeded my assets… I lost about $45 million within a month in the crypto market alone,” Platersky said.

According to a bankruptcy report seen by CBC, the “Crypto King” only used $670,700 of the above amount, while he spent nearly $16 million on his lavish lifestyle (going on vacations, chartering private jets and buying luxury cars). Have spent

Platersky admitted that he employed some of the investors’ deposits for car payments, food expenses and house keeping. He said he felt “deeply insulted” and “embarrassed”, pledging to work round the clock to compensate the victims:

“I’m going to do this before I leave and buy myself another car before I leave and buy myself another watch before I leave and buy myself expensive clothes or whatever. I will survive on the bare minimum until every last soul is paid.”

On the other hand, Platerski’s lawyer claimed that the information from the video should not be taken lightly as his client may have been forced to say these things by his kidnappers. Furthermore, the alleged crypto scammer has insisted that he is innocent.

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Canadian law enforcement agents have arrested 39-year-old Akil Haywood for allegedly kidnapping, threatening and beating Eden Platersky in December 2022. The latter allegedly ran a crypto scam that led to the withdrawal of over $40 million from investors. Records show Haywood invested $740,000 with Platersky, making him one of countless victims.

The alleged fraudster apologized in a recent video and vowed to “live the minimum” in order to pay back defrauded investors.

Brutal way of revenge?

As informed of Per the CBC, Haywood is among five people facing charges related to the kidnapping and assault of self-proclaimed “crypto king” Eden Platersky late last year. The former is believed to be one of the individuals who was lured into the cryptocurrency scheme run by the latter and served as an inspector in the bankruptcy proceedings of the case.

Fraud recovery attorney Norman Groot said, “I have never seen a bankruptcy proceeding where an inspector has been charged with kidnapping and forcible confinement related to recovery of money in bankruptcy.”

A spokesman for Grant Thornton reported that Heywood resigned as an inspector on 7 July. In addition to the alleged kidnapping, the 39-year-old president of Atlantic Mass Camp allegedly made threats to induce bankruptcy trustee Rob Stelzer to pay $2 million in cryptocurrency. This amount is far more than the $740,000 he lost investing with “Crypto King”). While the investigation is ongoing, Canadian authorities have released Heywood on bail.

Platersky’s lawyer – Michael Siman – said his client was “grateful for the work of Toronto police in apprehending those involved in the kidnapping and attack.”

It is noteworthy that Platersky warned about Heywood’s aggressive behavior two weeks before the abduction. She said during an interview that the alleged kidnapper “is still, sending me threats, and very dangerous, violent threats, on Instagram comment sections and in text messages.”

Four other men accused of abducting Platersky have been charged with additional charges, such as pointing a gun at him. None of the claims have yet been tested in court.

From a ‘crypto king’ to a man begging for forgiveness

In addition to reporting information about the kidnapping and related suspects, media outlets published A video shows how Platersky regrets the loss to investors. The man, who appeared to be beaten, explained that he started dealing in digital currencies in 2020, while, in the following months, he offered his services to family, friends and other individuals.

And while this plan worked perfectly during the crypto bull market, “everything went downhill” when prices started to slide.

“I had to be honest with everyone when the crypto market started to decline in November 2021. “I made significant losses, where my debts exceeded my assets… I lost about $45 million within a month in the crypto market alone,” Platersky said.

According to a bankruptcy report seen by CBC, the “Crypto King” only used $670,700 of the above amount, while he spent nearly $16 million on his lavish lifestyle (going on vacations, chartering private jets and buying luxury cars). Have spent

Platersky admitted that he employed some of the investors’ deposits for car payments, food expenses and house keeping. He said he felt “deeply insulted” and “embarrassed”, pledging to work round the clock to compensate the victims:

“I’m going to do this before I leave and buy myself another car before I leave and buy myself another watch before I leave and buy myself expensive clothes or whatever. I will survive on the bare minimum until every last soul is paid.”

On the other hand, Platerski’s lawyer claimed that the information from the video should not be taken lightly as his client may have been forced to say these things by his kidnappers. Furthermore, the alleged crypto scammer has insisted that he is innocent.

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PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.

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