this post was submitted on 17 Nov 2023
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Irate investors looking for a bankrupt “crypto king” were regular visitors to the new Toronto-area home of Shai Gilgeous-Alexander of the Oklahoma City Thunder.

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[–] CosmicLars@alien.top 1 points 11 months ago (4 children)

The six-bedroom, 10,000-square-foot house on Lake Ontario that Shai Gilgeous-Alexander, a star player with the Oklahoma City Thunder, bought for just over 8.4 million Canadian dollars, or $6.1 million, should have been a dream home.

But in May, two days after Mr. Gilgeous-Alexander, 25, moved into the house, near Toronto, with his partner, it became a nightmare, according to a lawsuit seeking to nullify the sale. A menacing visitor appeared looking for a previous occupant. The couple left the next day and haven’t returned.

Court records show that the home received a steady stream of angry visitors seeking to talk to Mr. Pleterski while he was living there and after he moved out.

Last December, court documents show, Mr. Pleterski was kidnapped by one of his aggrieved investors and four other men, then beaten and tortured over three days.

Testimony in the bankruptcy case reveals that Mr. Pleterski had a security guard to ward off angry investors and was eventually moved out of the house for his own safety. Another resident also fled, fearing for his safety after angry visitors continued to turn up every day.

A holding company owned by Mr. Gilgeous-Alexander is now asking a court to reverse the purchase of the Burlington, Ontario, house because the seller did not disclose its link to Mr. Pleterski and the home’s potential security threat.

This is fucking wild.

[–] changerofbits@alien.top 1 points 11 months ago

Man, I mean anyone who falls for your Ponzi scheme build on a techbro MLM (crypto) probably isn’t going to be very rational to begin with and words like “They don’t live here anymore” are meaningless.

[–] Sinaneos@alien.top 1 points 11 months ago

10k sqft in Canada for 8mil? In this economy? That's Sus bro

[–] pargofan@alien.top 1 points 11 months ago (1 children)

Ironically, doesn't publicity of this lawsuit actually inform more bilked investors that an innocent NBA player now owns the home and so it reduces the risk of more angry visitors?

Almost like a reverse Streisand Effect

[–] LavishSyndrome@alien.top 1 points 11 months ago (2 children)

Or the people that are willing to kidnap someone for money realize someone with a lot of money lives there

[–] Stamone@alien.top 1 points 11 months ago
[–] awesomesauce615@alien.top 1 points 11 months ago

If youre buying that house you have a lot of money. He bought it for 8.4 million. People who dont have that much money dont buy realestate llike that.

[–] TripleH18@alien.top 1 points 11 months ago

Lol "investors" is a fancy euphemism for mobsters