Hamed Abbasi, former CEO of Toronto fintech Plooto, has been acquitted of a 2023 sexual assault charge. Ontario Court Justice Jennifer Strasberg ruled the Crown failed to prove beyond a reasonable doubt that the complainant did not consent. Abbasi, who stepped down from Plooto in March 2024, was represented by Gerald Chan of Stockwoods LLP.
The trial featured surveillance footage, text messages, and expert testimony. Strasberg found both Abbasi and the complainant credible, ultimately concluding that consent was present. Abbasi currently holds no operational role at Plooto and has not commented on his future involvement.
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