Citing decomposition concerns, lawyers requested the exhumation be completed no later than spring 2020. The crypto entrepreneur bought increasingly lavish purchases: a $600,000 yacht, a high-end Lexus, 17 homes in Canada, a plane. Fifteen years later, Mr Cotten, known as Gerry, would be accused of swindling people online of a much bigger prize. Robertson has denied any knowledge of her husband's wrongdoing - and in 2019 returned $9million to the company to repay users. "I kept asking them: Where's my money? For instance, had Cottens death certificate, which spelled his name as Cottan, been faked? #GeraldCottenReallyDead #GeraldCottenStillAliveGerald Cotten Really Dead ? His body was repatriated to . In her memoir, Ms Robertson denies shes part of an elaborate plot to fake her husbands death, adding that speculation has led to death threats from stalkers demanding she returns the missing millions. An official investigation concluded that Quadriga was"an old-fashioned fraud wrapped in modern technology". [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. 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. Given the intrigue, some went so far as to question whether Mr Cotten had really died and demanded his body be exhumed. Exit Scam host Aaron Lammer told CoinDesk: "My read was that, on some level, Gerry was addicted to scamming, "Addicted to stealing peoples money. Many believe that Cotten faked his death, however, as part of an exit scam to get away with stealing millions from Quadrigas customers. 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. I think there were a couple years when it ran legitimately I dont think Gerry could have imagined a future with money pouring in the way it eventually did.. 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. - Watch Full Details ! It was one of the only games in town [for crypto enthusiasts], Sheona McDonald, who directed the film, told The New York Post. Netflix's 'Trust No One: The Hunt for the Crypto King' explores the story of Gerald Cotten, founder and CEO of Canadian crypto exchange business QuadrigaCX, whose passed away unexpectedly in 2018. Given the mysterious circumstances of his deathand the enormous amount of money he controlledits no surprise that conspiracies quickly sprang up in an attempt to piece together the puzzles around his death. You transferred them $1,000 and you could see the crypto in your account. For instance, had Cottens death certificate, which spelled his name as Cott, , been faked? He would then use this crypto to make investments himself on other digital exchanges as he furnished his own pockets at the expense of his investors, according to accounting firm Ernst & Young. [11] Lawyers for the customers of the exchange have asked that Cotten's body be exhumed.[12]. Like other crypto-exchanges, Quadriga kept its funds in so-called cold wallets, digital storage devices not connected to the internet, which are safe from hacking. , and found an affidavit from Robertson saying that she didnt understand how QuadrigaCX operatedeven though one of Robertsons companies later wired cash to some of Quadrigas customers. Ernst & Young was able to recover $24m in cash and $9m in assets held by Robertson. Customers reported that once they arrived, there was nobody in the office, or that there was no cash to be disbursed. Thats when the Globe started to be convinced that he was dead, after all. [51], A documentary titled Dead Man's Switch: A Crypto Mystery about the story of Gerald Cotten premiered at the 2021 Hot Docs Canadian International Documentary Festival. "What Quadriga really did with the money that customers gave it to buy Bitcoin remains a mystery," according to Chainalysis. The OSC. And meanwhile, Dead Man's Switch director Sheona McDonald said: "There's only two people who really know what happened in India.". Someone tracked Patryn to a scam forum called TalkGold, where Patryn talked to one user in particular, sceptre, a bunch. 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. Cotton's sudden death from complications of Crohn's disease aged 30 shocked the crypto world - but many believe he may have faked his death in an elaborate "exit scam". However, it was eventually discovered that Gerald had transferred all of his belongings to his wife before his death. Gerald died while on a honeymoon with his wife Je https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. Investors tried to pull their money from Quadriga, but sometimes faced month-long delays. We explain who Gerald Cotten is, the subject of this documentary, and reveal where he is now, including the mystery surrounding his downfall. Two years after Liberty Reserve was taken down, the pair launched Quadriga, though Mr Patryn left the company in 2016 over a dispute on whether to list the company publicly and claims no involvement in the resulting schemes. [17][29] Bloomberg also identified Patryn as Dhanani, showing that he had officially changed his name from Omar Dhanani to Omar Patryn in British Columbia in March 2003 and changed it again to Michael Patryn in October 2008. "[46] The Official Ontario Securities report on Quadriga is attached here. Companies have backups, safeguards to protect against this kind of thing. Despite no concrete evidenceindeed, the murdered mans first name was not the same as Robertsons ex-husband, some angry investors lobbed death threats at Jennifer, convinced that she had murdered Cotten, too. I personally believe that Cotten is not dead but I would like to hear from people who know more than me about this topic and what they think about the situation. [2], In January 2019 Ernst & Young reported that Quadriga did not have a bank account, but instead used third-party payment processors. It stated that Gerald Cotten committed fraud by opening accounts under aliases and crediting himself with fictitious currency and crypto asset balances, which he traded with unsuspecting clients and that "What happened at Quadriga was an old-fashioned fraud wrapped in modern technology. Start your Independent Premium subscription today. Gerald 'Gerry' Cotten | FAKE Behind 'Hunt For The Crypto King' Netflix | Where Are They Now?Subscribe Here! Resides in Beverly Hills, CA. Its pretty much money by people for people.. The laptop computer from which Gerry carried out the companies business is encrypted and I do not know the password or recovery key. 4 people named Gerald Betzen found in California, Texas and Massachusetts. Though some dont believe Mr Cotten is really gone, the money from Quadriga is. [27] Another payment processor used by Quadriga, Crypto Capital, was named in a civil suit filed by the New York Attorney General in April 2019. [33] Aaron Matthews served as Director of Operations. [24][25][26], According to court filings, Quadriga also used WB21 as a payment processor. Jennifer, scared for her safety, entered a safe house. While the large increase in volume increased commissions, it also caused cash-flow problems due to the exchange's reliance on external payment processors and its lack of a proper accounting system. Someone tracked Patryn to a scam forum called TalkGold, where Patryn talked to one user in particular, sceptre, a bunch. The investors found more questions than answers. [49], On 5 March 2019, Justice Wood extended Quadriga's court protection to 23 April. Email us at tech@the-sun.co.uk, Ring removes free perks for millions of users, you'll have pay to get them back, Android users told check for five Google 'danger phrases' don't ignore list, Facebook's hidden list reveals if you're a 'target' for criminals, People are just realizing Apple upgraded the iPhone with 7 life-changing secrets, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, Tong Zou tells his devastating story in new Netflix doc, Gerald 'Gerry' Cotten died in 2018, taking password to access funds with him. Then you get rid of the fees. 29 2022, Published 3:03 p.m. The streaming service announced the feature alongside a slate of upcoming true-crime projects last week. seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. A C$100,000 trust fund was made to provide lifelong care for Cotten's two chihuahuas in case of Robertson's death. The company's CEO and founder, Gerald William Cotten, allegedly died in 2018 after traveling to India. as well as other partner offers and accept our. Quadriga Fintech Solutions was the owner and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange. Indian authorities maintain that Cotten, whose body was repatriated to Nova Scotia for a small closed-casket funeral, died on Dec. 9, 2018, shortly after checking into a luxury hotel in Jaipur. Photo by Gaetano Cessati on Unsplash. Despite repeated and diligent searches, I have not been able to find them written down anywhere, she said in court filings. 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. April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. "At that point, we were desperate to recover funds and we were also convinced that a scam was underway," said QCX-INT, an individual who uncovered online documentation of Mr Cottens history of fraudulent behaviour, speaking anonymously to the CBC this year. Living a jet set life, he cruised the world on yachts, flew in private jets and investigators even released photos of piles of cash on his kitchen table. There was no autopsy on the body, for instance, and Cotten had signed his will two weeks after he diedleaving his riches to Jennifer. A Canadian bank froze another $21 million of funds. - October, November, December - during all that time," he said. Either the funds were never received or quickly went missing. The user said that he left the company in 2016, and that the company was legitimate at the time. 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. "You appear dead for a few days, until you get the cure," the source said. A bitcoin mining operation in Saint Hyacinthe, Quebec. 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. Here Is Why People Think Gerald Cotten Is Still Alive. [50], Quadriga's lawyer, the firm Stewart McKelvey, withdrew from the case due to a potential conflict of interest. https://bit.ly/3cAIH4j Newest Vid's https://bit.ly/3JkFmEqFollow Us On Facebook https://bit.ly/3oh5cS8Gerald Cotten or Gerry Cotten's life and tragic passing are shrouded in mystery. Likewise, the public was not much intrigued about their lives up until . Gerald Cotten, 30, held the virtual keys to a whopping $137 . Netflix has tried to get to the bottom of things in its, Trust No One depicts Cotten as a nerdy, happy-go-lucky, and charming CEO, who was knee-deep in, reporter that the banks, which didnt trust crypto exchanges, had, The investors found more questions than answers. Some people called for Geralds body to be exhumed. Still, questions about the missing money only mounted when two Globe and Mail reporters followed up on the case. [34][35], On 14 January 2019,[36] Quadriga announced that their CEO, Gerald Cotten, had died the month prior from Crohn's disease while doing volunteer work at an orphanage in India. No one but him can access accounts, he ran a whole market on a laptop by himself with no other employees or partners anymore so only he could access it and he suddenly dies when he would be in massive debt for delayed payments and would likely be convicted for fraud or money laundering.