Latest / Toronto News Today | 2 Min News | The Daily News Now!

Banknote Capital Fraud Trial Begins | Toronto News
Two ex-directors of Banknote Capital, Michael Dziedzic and Justin Foss, are on trial for allegedly running a massive Ponzi scheme that stole millions from investors between 2020 and 2023 — using funds from new investors to pay earlier ones after initially sending $3 million to “Crypto King” Aiden Pleterski. A third director, Ryan Rumble — believed to be in Dubai and facing separate fraud and forgery charges — remains at large despite a Canada-wide warrant. Testimonies from investors reveal how they were misled: one was told her investment was guaranteed and had never heard of Pleterski…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.