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The basketball star, the Crypto King and the $8.4M mansion



In a shocking turn of events, Canadian professional basketball player Shai Gilgeous-Alexander is embroiled in a legal battle to undo the sale of his $8.4 million lakefront mansion, following a bizarre and threatening visit from a stranger. The mystery deepens as the stranger, who arrived at Gilgeous-Alexander's door, was in search of Ontario's self-proclaimed Crypto King, Aiden Pleterski.


Shai Gilgeous-Alexander, a 25-year-old guard for the NBA's Oklahoma City Thunder, achieved significant acclaim in the league, ranking fifth in regular-season MVP voting and leading the Canadian men's national team to its first Olympic berth in over two decades. However, his serene transition into a luxurious lakefront property turned into a nightmare after an unwelcome visitor arrived on his doorstep, demanding information about Pleterski.


Gilgeous-Alexander claimed to have never heard of Aiden Pleterski before this unsettling encounter. It wasn't until Gilgeous-Alexander's girlfriend contacted the police that they discovered a series of threatening incidents at the mansion, including threats to burn it down. These threats were apparently related to Pleterski's history with the property, which was previously leased to own for approximately $45,000 a month.


The NBA star and his girlfriend promptly vacated the property, and Gilgeous-Alexander's legal team filed a lawsuit aiming to invalidate the mansion's sale. They argue that the sellers concealed crucial information about the property, including its history of threatening visits by individuals seeking Pleterski. According to the statement of claim, if this history had been disclosed, no reasonable person would have purchased the property given its type, quality, and price.


The sellers, however, denied any misrepresentation and await a judgment in the ongoing case, offering no further comments. Gilgeous-Alexander and his attorney have also refrained from making public statements due to the ongoing legal proceedings.


This lawsuit is a chapter in a year-long investigation into Ontario's Crypto King, Aiden Pleterski, a figure who has been under scrutiny for mismanaging investor funds and even becoming a kidnapping victim last December. Pleterski's extravagant lifestyle, which included private jets and luxury cars, came crashing down as investors demanded the return of their over $40 million in investments.


Pleterski entered into a lease-to-own agreement for the mansion with a company controlled by Ray Gupta and his son, Sandeep Gupta, in March 2021. However, the situation turned sour as individuals continued to show up at the property looking for Pleterski, ultimately leading to Sandeep Gupta's concerns for his safety, resulting in Pleterski moving out and a subsequent employee facing harassment at the residence.


Gilgeous-Alexander's lawsuit highlights the bankruptcy proceedings surrounding Pleterski as evidence for the fraudulent misrepresentation claim. The Guptas, in their defense, argue that there were only a few harmless visits to the property after Pleterski moved out and contend that these visits did not make the property unfit or dangerous.


The case raises complex legal questions, as experts like Toronto real estate lawyer John Zinati note the difficulty of reversing a completed real estate transaction. Zinati points out that the general rule is "buyer beware," but there are exceptions for cases where the property poses significant risks.


As this legal battle unfolds, it sheds light on the tumultuous story of Aiden Pleterski, the rise and fall of a self-proclaimed Crypto King, and the unexpected involvement of an NBA star in a mansion sale that turned into a legal showdown. The outcome of the case remains uncertain, and the mysterious connections between the mansion, Pleterski, and those seeking him continue to captivate public interest.


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