News
Aiden Pleterski screen capture from YouTube + Aiden Pleterski from Instagram: @aiden_pleterski Radio-Canada + @Aiden.Ptrs | Instagram

‘I don’t know what to ask’: Canada's 'Crypto King’ halts mid-trial  with revelation that he needs a lawyer

Before going to trial earlier this week, the Ontario man who once branded himself Canada’s “Crypto King,” told the judge what many observers expected he’d eventually admit: he needs a lawyer.

Aiden Pleterski, 27, is currently on trial before a Toronto jury, defending himself against charges of fraud over $5,000 and laundering the proceeds of the crime. He has pleaded not guilty and the allegations have not been proven in court.

Advertisement

While his case is extreme, his predicament isn’t unusual. A growing number of Canadians head into court without legal representation — and the reason usually has more to do with money than confidence.

The best of Money.ca delivered weekly.

By signing up, you accept Money.ca Terms of Use, Subscription Agreement, and Privacy Policy.

Read more: 'I knew his parents': Investor scammed by 'Crypto King' testifies during trial after handing over $150K+

How did the ‘Crypto King’ end up defending himself?

Pleterski was charged in May 2024 following a joint investigation by Durham Regional Police and the Ontario Securities Commission (OSC), the province’s securities regulator. Authorities have referred to it as their largest fraud investigation.

Initially, investors handed over about $40 million, although subsequent bankruptcy proceedings only recovered roughly $3 million. Grant Thornton, the bankruptcy trustee, found that less than 2% of the money was invested while close to $16 million went to Pleterski’s own spending, including luxury cars and a rental property in Burlington, Ont. costing $45,000 a month — an allegation he denies.

Late last month, Ontario Superior Court Justice Shaun Nakatsuru, the judge who is presiding over the case, refused his request to delay the trial so he could hire counsel, CBC News reported.

Pleterski previously hired lawyer Marco Sciarra to help bring the motion of an adjournment — a legal request to temporarily suspend a trial — early last month. At that time, Sciarra revealed that Pleterski’s extended family was willing to sell assets to pay for a defence, but their names and the asset details weren’t given to the court.

The Crown questioned whether Pleterski’s efforts had been genuine.

After denying the request, Nakatsuru said he would take an “enhanced role” in the case, including objecting on Pleterski’s behalf, telling the accused, “even though this isn’t your first choice, obviously — you will receive a fair trial.”

Advertisement

Must Read

Join 20,000+ readers and get Money.ca’s best stories and exclusive interviews first — clear insights curated and delivered weekly. Subscribe now.

Why do Canadians choose to represent themselves?

For most, it’s purely a financial decision.

A week-long trial can cost between $50,000 and $80,000, according to Jennifer Leith, the executive director of the National Self-Represented Litigants Project (NSRLP) — a research and advocacy group at the University of Windsor — during a 2023 interview with CBC News.

“When we have large legal firms at the top charging $1,000 per hour, people can’t afford that,” Leith explained.

The alternative — legal aid — doesn’t work for many middle-income households. For instance, Legal Aid Ontario (LAO), the provincial agency that funds legal help for low-income residents, provides criminal certificates to eligible low-income individuals. A certificate allows someone facing criminal charges to hire a private lawyer, with Legal Aid Ontario covering approved legal fees. As of 2026, LAO limits criminal certificates to a family of one with an annual income of $18,795 or less and assets of no more than $15,000. These income limits remain in effect until spring 2028.

Given the gap — between legal aid help and paying for court out-of-pocket — many Canadians find themselves in a position to self-represent; however, many don’t start out that way.

Research by NSRLP founder Julie Macfarlane notes that 53% of participants begin legal proceedings with a lawyer but run out of money or willingness to pay. As one participant put it: “I don’t have $350 an hour to pay a lawyer.”

Advertisement

Other reasons, according to Justice Canada, include not being able to find a suitable lawyer, negative prior experiences, a lack of trust and, for a few, believing they can do it themselves.

What are the pros and cons of going it alone?

For ‘Crypto King’ Pleterski and others, there are pros and cons to electing to self-represent in court.

The potential upside of self-representing

Self-representation can save someone thousands or even tens of thousands in fees, especially for simpler disputes. By not using a lawyer, a person can keep full control of their case and speak for themselves. Courts also typically give unrepresented people some flexibility, such as a judge raising objections to certain evidence, as Ontario Superior Court Justice Shaun Nakatsuru pledged to do on Pleterski’s behalf.

The real risks of legal self-representation

“The data shows, big surprise, that self-reps usually lose,” Macfarlane told Law Times. NSRLP research also found that summary judgment applications against self-represented litigants succeed 98% of the time.

Procedure is another trap, as the rules of evidence, deadlines and cross-examination take lawyers years to hone. Prolonging a case unnecessarily can expose a self-represented individual to a costs award, such as having to pay part of the other side’s legal bills.

The emotional cost is real, too. Self-represented litigants generally describe the experience as anxiety-inducing and shrouded in uncertainty.

In criminal court, the stakes are even higher, given that a loss can result in prison time; the fraud charge alone Pleterski is facing carries a maximum sentence of 14 years.

What you can do, if you’re facing a legal case

Regardless of what you may be accused of, the goal is to get some legal help early, before costly mistakes can occur.

Advertisement
  • Check legal aid first: Even if you assume you earn too much, check the income threshold and any assistance programs available in your province or territory
  • Book a free consultation: For example, the Law Society of Ontario’s Referral Service offers up to 30 minutes free with a licensed lawyer or paralegal
  • Pay for pieces, not the whole case: Limited-scope services cover specific tasks like coaching, drafting documents or attending certain court events, and one litigant profiled by CBC paid less than a quarter of what full representation would have cost
  • Review your coverage: Some group benefits and insurance policies include legal expense coverage

What this means for the case against the ‘Crypto King’

For Aiden Pleterski, the self-proclaimed “Crypto King,” representing himself could be both a strategic opportunity and a costly gamble.

On one hand, it gives him direct control over how he presents his defence, questions witnesses and tells his side of the story.

On the other hand, navigating complex financial evidence, courtroom procedures and legal arguments without professional representation could put him at a serious disadvantage against experienced Crown prosecutors.

While Justice Nakatsuru has pledged to provide additional procedural safeguards, including raising objections when necessary, those accommodations are no substitute for an experienced defence lawyer.

Ultimately, Pleterski’s decision to represent himself could give him greater control over his defence — but it could also increase the risk of undermining his case at a time when the stakes are highest.

You May Also Like

The most expensive financial mistakes are often the ones you don't see coming. Join 19,000+ Canadians who get the money moves, risks and opportunities shaping their finances — delivered free each week. Subscribe now.

Share this:
David Saric Associate editor

Writer and editor based in Toronto with experience in personal finance, insurance, arts and culture and branded content.

more from David Saric

Explore the latest

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities enter into any loan, mortgage or insurance agreements or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.