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Here's my take on Gerald Cotten and his suspicious death. And, wildly, was Jennifer, his wife, even real? When he was a 15-year-old in Belleville, Ont., Gerald Cotten was selling get-rich-quick schemes on online forums that taught him how to deceive investors and cover his tracks. A NEW documentary on rogue crypto trader Gerald Cotton, who took up to $215million in Bitcoin and other digital currencies to his grave, has sparked rumours he may have faked his death. [31], Robertson filed an affidavit on behalf of the company which included a "Statement of Death" for Cotten, filed in Halifax, Nova Scotia, on 12 December 2018. Cotten told a Globe and Mail reporter that the banks, which didnt trust crypto exchanges, had frozen the exchanges bank accounts. One source in the doco goes as far as to claim Cotton may have used a substance known as "Haitian zombie powder" to fake his death. They surfed his social media accounts at first, then traced Cottens digital footprints even more closely for clues. (His wife says he is in fact dead and witnessed his funeral). And who dies from Crohns disease at 24 years old? A computer issue wiped $14 million of Ethereum off the exchange. In that case, $851 million entrusted to Crypto Capital had been "lost, stolen or absconded with", according to the suit. The thing is, a CEOs death shouldnt lock customers out of their money. Was, whom employees described as a macho, terrifying character, that Patryn was involved in a money-laundering ring under a different name, Then, out of the blue, one Mike Patryn joined the Telegram group that investors were using to discuss conspiracies. Fifteen years later, Mr Cotten, known as Gerry, would be accused of swindling people online of a much bigger prize. "What Quadriga really did with the money that customers gave it to buy Bitcoin remains a mystery," according to Chainalysis. Then the Ontario Securities Commission opened an investigation. Shortly after, the exchange stopped working entirely. All that money vanished into the crypto ether and only once investigations occured did people start to think that it may have been a scam all along. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. No longer a likable nerd, investors thought that Gerald, now sceptre, had been operating scams since he was 15. He was 30-years-old. But months later, customers still couldnt take their money out. He was one of the wealthiest people in the crypto world, and his company was at its pinnacle. At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges. His death left investors locked out of their money and left Jennifer Robertson, Gerry's wife . All Filters. March 30, 2022. He graduated from York in 2010 with a bachelor's degree in business administration. But even the forensic accountants only managed to trace $46 million of the total $215 million customers had deposited onto the exchange. Gerald Cotten. Netflixs latest true crime documentary, Trust No One: The Hunt for the Crypto King, has arrived on the streaming platforms extensive catalog of intriguing documentaries. Many believe that Cotten faked his death, however, as part of an exit scam to get away with stealing millions from Quadrigas customers. Their online exchange launched after the first month. A sneak preview of the Netflix doc contains images that suggest the documentary will show the investors dive deeper into these conspiracies. The crypto entrepreneur bought increasingly lavish purchases: a $600,000 yacht, a high-end Lexus, 17 homes in Canada, a plane. Mar. The company raised C$850,000 but cancelled plans to list on the exchange in early 2016. Cryptocurrency investors locked out of $190m after exchange founder dies, Original reporting and incisive analysis, direct from the Guardian every morning. Now Cottens jet-set lifestyle looked suspicious. The media dragged Gerald Cotten's wife, Jennifer Robertson, into the spotlight after his mysterious death. Crypto CEO's Mysterious Death Will Be Made Into Netflix Doc A new documentary on his mysterious death called Dead Man's Switch: A Crypto Mystery, airing on Discovery+, looks into accusations the crypto king made off with millions in investors' cash. "So far, nothing's been found. did gerry and his wife fake his passing and steal the money? He and his wife, Jennifer Robertson, jetted all over the world on private planes, visiting chic locales in Paris, Hawaii, and Morocco. His will was signed off just two weeks before he and wife Jennifer Robertson travelled to India on their honeymoon. On the 9th, he allegedly died after episodes of cardiac arrest. And not even he thinks that Gerald is deadnor did he ever meet his wife. Sam, Bangs & Moonshine by Evaline Ness (Holt). Netflix's 'Trust No One': Who Was QuadrigaCX CEO Gerald Cotten? Have something to tell us about this article? Like many in the industry, he framed his enterprise not merely as a financial tool, but a radical societal change, touting the crypto gospel in podcast appearances and videos on YouTube. ^ "Quadriga CEO's widow speaks out over his death and the missing crypto millions". ", He added: "We thought we were looking for basically a rich guy who had stolen money, Now either [Cotten is] dead, or if hes alive, hes a gambling addict whos broke.". Photo by Gaetano Cessati on Unsplash. Reported by Fansided, Globe and Mail journalist Nathan Vanderklippe spoke to Dr. Sharma, who dealt with Cotten when he came into the hospital. goes to Cottens hospital in India to put the whole fake death thing to bed. More than three years after the sudden death of Quadriga CEO Gerald Cotten and the revelations that the company was a massive cryptocurrency scam, his widow, Jennifer Robertson, tells her side of the story.#Quadriga #GeraldCotten #BitcoinWatch The National live on YouTube Sunday-Friday at 9 p.m. ETSubscribe to The National: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1Connect with The National online:Facebook | https://www.facebook.com/thenationalTwitter | https://twitter.com/CBCTheNationalInstagram | https://www.instagram.com/cbcthenationalMore from CBC News | https://www.cbc.ca/newsThe National is CBC's flagship nightly news program, featuring the day's top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC's chief political correspondent, Rosemary Barton in Ottawa. It was a perfect match, sparked up on Tinder, she said in the documentary. "Once I deposited it, it was basically gone.". Since his death, Cotten has been recast as a habitual scammer who would enjoy the thrill of knowing he was duping his customers and investors. Then, the crypto millionaire suddenly died in India from complications from Crohn's disease about three years ago. [33], Cotten's will was signed 27 November 2018, twelve days before he allegedly died. Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam In an exclusive interview, Jennifer Robertson speaks out publicly about her deceased husband,. Then Cotten took a turn for the worse: he went into cardiac arrest three times; the third time, the doctors couldnt revive him and declared him dead. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? The circumstances are dodgy that they chose to honeymoon to India and he suddenly dies from complications of Crohn's disease. Check out: Personal Finance Insider's picks for best cryptocurrency exchanges. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? Dying from Crohn's disease when only 1.6% of sufferers from this disease die of it and to happen to die from . Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohn's disease. Netflixs latest true crime doc, "Trust No One: The Hunt for the Crypto King",seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. Finally, the OSC discovered something that cracked the case wide open. Was the CEOknown for his luxurious lifestyle, which included jets, supercars and vacationsmurdered by a mob debt collector or a jealous lover? Even after Cotten's death news, some people still believe that he is alive, and one of the main reasons is because of his mysterious death. That same month, Quadriga filed for creditor protection, and scores of angry investors began furiously questioning where their money went, even though only Mr Cotten knew the keys to the companys crypto vault and never set up a dead mans trigger to send them elsewhere in case he was incapacitated. The investors found more questions than answers. In December of 2018, the jet-setting crypto couple headed to India for their honeymoon, where Mr Cotten died of complications from Crohns disease, 12 days after modifying his will. Resides in Beverly Hills, CA. [48], On 5 February 2019, Nova Scotia Supreme Court Justice Michael J. By clicking Sign up, you agree to receive marketing emails from Insider Zou resorted to the cryptocurrency scheme to avoid bank charges when moving Vancouver, shifting his money from the US to a Canadian account. Miller Thomson LLP sent a letter to the Royal Canadian Mounted Police on Friday, requesting authorities conduct an exhumation and postmortem autopsy on the body of Gerald Cotten, founder of QuadrigaCX, citing what the firm called the questionable circumstances around his death earlier this year. Cotten's widow has rarely spoken publicly, but in an affidavit has described herself as being subject to "slanderous comments" over accusations her husband faked his death. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. They also found a substantial amount of money was used to fund a lavish lifestyle for the couple, including the use of private jets and luxury vehicles. Netflix has tried to get to the bottom of things in its new 90-minute doc; read on to uncover the wild tale of Gerald Cotten. His body was repatriated to . Mystery of rogue Bitcoin trader who 'died' taking with him password to The OSC. Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, A lost password, a sudden death and $180M in missing crypto, Extra 20% off selected fashion and sportswear at Very, Up to 20% off & extra perks with Booking.com Genius Membership, 50 cash with friend referrals at Virgin Mobile, 15% off extra plans with this Vodafone promo, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK March 2023, Compare iPhone contract deals and get the best offer this March, Compare the best mobile phone deals from the top networks and brands. Gerald Cotten Still Alive ? Gerald Cotten died suddenly of Crohn's disease - or did he? - Watch Full Details ! Jennifer, scared for her safety, entered a safe house. "It did become an obsession.. So the. CRYPTO scams are popping up all over the internet. [47], Gerald Cotten's widow has maintained that she knew nothing about her husband's activities and agreed to forfeit $12 million in assets. Before Quadriga: How shady ventures in Gerald Cotten's youth led to the You transferred them $1,000 and you could see the crypto in your account. Was a recently-active Skype account proof he was still alive? Died, and He Had the Passwords", "Pre-filing report of the proposed monitor", "Controversial QuadrigaCX cryptocurrency exchange placed in bankruptcy", "Quadriga Should Shift to Bankruptcy Proceedings, Monitor Says", "FBI Probing Bitcoin Exchange Quadriga Over Missing $136 Million, Source Alleges", "Quadriga: Lawyers for users of bankrupt crypto firm seek exhumation of founder", "How Gerald Cotten built Quadriga and created the ensuing crypto storm", "Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga", "Geek Speak: Gerald Cotton, CEO of Quadriga CX", "Crypto chaos: From Vancouver to Halifax, tracing the mystery of Quadriga's missing millions", "Quadriga's late founder used to store clients' Bitcoin passwords on paper so they wouldn't get lost", "A crypto exchange CEO dies-with the only key to $137 million", "Details emerging about Gerald Cotten, the young founder of QuadrigaCX", "My smart contract just ate $14 millionnow what? Robertson has denied any knowledge of her husband's wrongdoing - and in 2019 returned $9million to the company to repay users. Either this is a 1 in 100 million coincidence or he is still alive. [1], The company's CEO and founder, Gerald William Cotten, allegedly died in 2018 after traveling to India. A 33-YEAR-OLD man lost his life savings after getting involved with a cryptocurrency trader who died, taking the password to access funds to the grave. Its pretty much money by people for people.. A C$100,000 trust fund was made to provide lifelong care for Cotten's two chihuahuas in case of Robertson's death. Quadriga's customers are owed C$260 million in cryptocurrency and cash. His death certificate was issued by the Indian authorities and contains an incorrect spelling of his name. [33] Aaron Matthews served as Director of Operations. Trust No One depicts Cotten as a nerdy, happy-go-lucky, and charming CEO, who was knee-deep in Bitcoin and a fierce advocate of the technology. that after 2016, QuadrigaCX stopped producing consistent data about its holdings, and that large volumes of cryptocurrencies were being sent to foreign crypto exchanges. Gerald Cotten, 30, died abruptly in December 2018 of complications relating to Crohn's disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. It was alleged that Patryn was involved in a money-laundering ring under a different nameOmar Dhanani. Gerald Cotten Really Dead ? Gerald Cotten Still Alive ? - Watch Full Cops believe that Quadriga CX was actually an wide-ranging Ponzi scheme - and Cotten would use fake accounts under the name "Chris Markay" to "buy" his customers Bitcoin using fake cash. [22][23] C$28 million held by Costodian, a Quadriga payment processor, was frozen by the Canadian Imperial Bank of Commerce (CIBC) in January 2018. Investors tried to pull their money from Quadriga, but sometimes faced month-long delays. [6], Ernst & Young was appointed as an independent monitor while Quadriga was granted temporary legal protection from its creditors under the Companies' Creditors Arrangement Act. I took out three loans from the bank and put it all into crypto. (Neither men were charged in connection with Liberty Reserve). Supposedly, Cottens business associates didnt even know he was married. His wife has said she was "upset and disappointed" to learn about the extent of the fraud at her husbands company, writing in a 2019 statement, she wasnt aware or involved in Gerrys trading activities, nor his appropriation of customer funds." A C$24.7 million disbursement fund has been planned with C$300,000 to go to Cotten's widow, Jennifer Robertson, who advanced that amount to start the court proceedings; C$200,000 will go to Ernst & Young and another C$250,000 to its lawyers; C$229,842 will go to Quadriga's lawyers; and C$17,000 to independent contractors. Quadriga CEO's widow speaks out over his death and the missing - CBC Access your favorite topics in a personalized feed while you're on the go. Up to C$250 million (US$190 million) in cryptocurrency owed to 115,000 customers was missing[2] or could not be accessed because only Cotten held the password to off-line cold wallets. Quadriga CX was left owning its 76,000 investors around $215million (CAD). Business picked up when Bitcoin hit the big time in 2017, reaching prices close to $20,000. The doctor stated that while dying from Crohns disease is very rare, Cotten appeared to show signs of illness and suffered from three heart attacks in the same day the paramedics were unable to resuscitate him after his third cardiac arrest. TRUST NO ONE: THE HUNT FOR THE CRYPTO KINGFollow a group of investors turned sleuths as they try to unlock the suspicious death of cryptocurrency multimillionaire Gerry Cotten and the missing $250 million they believe he stole from them. 'Trust No One: The Hunt for the Crypto King' will be released sometime in 2022. Many believe that Cotten faked his death, however, as part of an exit scam to get away with. started to be convinced that he was dead, after all. When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. Widow of Quadriga crypto founder Gerald Cotten says she had no idea But the money, of course, was still missing. Here Is Why People Think Gerald Cotten Is Still Alive. #GeraldCotten #QuadrigaCX #Netflix #truecrime #wherearetheynow #gerrycotten #crypto #fraud #docuseries #truestory #biography #whathappenedto ------------------------------------IN THIS VIDEO:Sierra Walker ------------------------------------PRODUCER \u0026 FILMED BY:Chris Stiuso------------------------------------VIDEO EDITED BY:Brianna Raakman: https://www.instagram.com/brianna_raakman/ Despite presenting himself as mild mannered and clean cut, Cotten was found to have had a history of carrying out financial cons - starting when he was just a teenager. There's only two people who really know what happened in India. A big chunk of it was given to him by his parents. While Robertson has possession of the laptop containing the necessary passwords, she remains locked out. Then it emerged that Jennifer had legally changed her name three times in the past few years, and a man sharing one of her former last names was at the center of an unsolved murder case. https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. I didnt know that Gerry was married, he says. Further complicating the matter the company's co-founder Michael Patryn was revealed to actually be a man named Omar Dhanani, who had previously been convicted in the US of identity fraud. The estate includes an airplane, a sailboat, a 2017 Lexus, and real estate in Nova Scotia and Kelowna, British Columbia. Mystery of rogue Bitcoin trader who 'died' taking with - The Sun Forensic accountants discovered that Gerry was trading against fake users, crediting their account with fake currencies and pocketing the cash, using the proceeds to play the crypto market. Here's my take on Gerald Cotten and his suspicious death. Rather than pay customers via bank wires, they were told to come to a nondescript building in Laval, Quebec to pick up the cash. Gerald died while on a honeymoon with his wife Jennifer in India, Cotten has been recast since his death as a thrill-seeking scammer, Michael Patryn - real name Omar Dhanani - had previously been convicted of identity fraud, Bitcoin miner electrocuted to death by his computer after forcing it to churn out endless amounts of crypto. You get rid of a lot of the regulations, he said on a podcast in 2014. Gerald Cotten, 30, held the virtual keys to a whopping $137 . Then, as their accounts accumulated hundreds of millions of dollars, Gerald passed unexpectedly, taking the passwords to the accounts to his grave. It's clear to me that Cotten gave himself millions of dollars worth of crypto as the owner to trade people fake crypto and give himself millions of dollars. So his spiral down into a life of crime was either pure greed or him seeking the thrill. Criminal probes continue by the Royal Canadian Mounted Police and the FBI as leading digital investing publication Coindesk branded his death as the "crypto's biggest mystery".