Gerald Cotten the young entrepreneur died due to Crohn's disease while he was celebrating his marriage in India in 2018. He completed his graduation from Punjab University. Gerald Cotten Biography:- Born in Canada Gerald was having Canadian demography and has spent his complete life there in Canada. At the time of his passing, he had over CA$250 million [$200 million] and the passwords to Quadriga's accounts. In the early 2000s, he met Patryn, who was six years older and has a mysterious past. It launched when Bitcoin sold for less than $300 per coin. On December 8, 2018, the 30-year-old was rushed to a local hospital sometime in the evening. Before his death, he holds a certification in CryptoCurrency. her wedding band, jeep, personal retirement savings fund, and $90,000 cash. After an investigation by the Ontario Securities Commission, it was found Quadriga CX was essentially a "Ponzi scheme." Gerald Cotten was the founder of Quadriga CX, once Canada's largest cryptocurrency exchange. Upon further investigation, it was found that Gerald had no records of any exchange of cryptocurrencies and treated his clients money as his own. So naturally, customers started filing lawsuits, following which The Nova Scotia Supreme Court determined that users of the exchangewere owed Canadian $260 million, which amounts to approximately US $195 million. There was even mention of a Haitian zombie powder that could purportedly be used to fake death. According to the film, Cotten was embalmed in the anatomy department of a Jaipur medical college, no autopsy was done and the body got shipped back to Canada. [6], In 2013, three years after graduation Cotten co-founded QuadrigaCX, a cryptocurrency exchange, with a man known as Mike Patryn.[6][11]. Jennifer Robertson was the wife of Gerald Cotten, aka "The Crypto King," whose sudden death is the focus of Netflix's latest true-crime documentary "Trust No One: The Hunt for the Crypto King." target_type: 'mix' Commentators praised Cotten for this precautionary step, but criticized him for failing to take steps so others at his company could open up the cold wallets if he should die or become incapacitated. gerald cotten spotted. People then demanded that his body be exhumed to prove he was truly dead. The mystery of Cottens death was finally put to rest when Nathan VanderKlippe, a journalist at Canadas Globe and Mail, traveled to Jaipur, India, to investigate Cottens death firsthand. Is Kristie Mewis Dating the Aussie Star Sam Kerr? Officially, his death was ruled as a result of complications related to Crohn's Disease, a . [15] In the article they reported that an associate of Cotten's, Michael Patryn, had actually been Quadriga's co-founder. There were legitimate banking issues. As the crypto market tanked, month by month clients saw their life savings evaporating. Lindsay Ann Histrop; Valentina Romano (2020-03-06). The closed-casket funeral took place in Halifax, Nova Scotia. She also mentioned that she was, Cottens Death Had The Crypto World In A Frenzy, There is no doubt that Cottens death saddened his family and close ones. A combination of these suspicious circumstances and theories led to calls for Gerrys body to be exhumed to confirm his death. Wat het met Gerry Cotten gebeur? Wiki, Biography, Age, Wife, Parents,, Akki Kalyan: Wiki, Biography, Age, Wife, Parents, Family, Death Reason,, Who was Al Brown? In December 2013, Gerald William Cotten launched QuadrigaCX, a crytocurrency exchange where people could trade in digital currency using real or virtual . Eventually, an investigation revealed that Gerry had committed fraud using customer money. This was for good reason. I put myself into a deep hole and the only way to dig out of it was to sell my house.. Wiki, Wife, Children, Net Worth, Family,, Vijay Sharma (Coach) Wiki Biography, Age, Wife, Family, Career,, Shanaya Khan: Wiki, Age, Husband, Parents, Net worth, Height, Biography, Who is Arulselvi Vivek? Gerald Cotten (born 11 May 1988, age: 30 years) was a businessman and Quadriga Fintech Solutions owner from Canada. Netflix's 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. Leave a sympathy message to the family on the memorial page of Gerald Cotten to pay them a last tribute. Gerald Cotten, owner of a Canadian cryptocurrency exchange, died in December 2018, leaving behind $190 million in cryptocurrency for which he had the only password." Enza Uda; Joan Webber (2021-05-25). Investors remained inaccessible for withdrawing their Bitcoin because Gerald Cotten was the only sole owner of the encrypted password of the QuardigaCX. Sy besigheid is. Gerald and Jennifer kept most of their relationship away from the public. Jennifer was back in Nova Scotia, Canada, soon after that. His parents owned an antiques shop and he graduated from Torontos York University with a bachelors degree in business economics. The story, as chronicled in a new documentary, Dead Mans Switch: A Crypto Mystery, streaming on Discovery+ Thursday, began in 2014 when Cotten and Michael Patryn launched Quadriga. The last one killed him. In the end, Gerry was accused of running a Ponzi scheme and using the customers money to make risky trades on other cryptocurrency exchanges. His statement of death issued by his family and the Government of Rajasthan in India clearly claims that he died in Jaipur, India. Suspicions were fuelled when his name was misspelled on his death certificate and by the fact that he had prepared his will just days before his honeymoon. Nevertheless, there has been no evidence that points to Gerry being alive. So naturally, customers started filing lawsuits, following which The Nova Scotia Supreme Court determined that users of the exchange. And Cotten made it easy. Trust No One tells the shocking story of Gerald 'Gerry' Cotten, charting his rise to the top of Bitcoin and his dramatic fall, leaving his legacy tarnished. Bekyk alle uitslae . Shortly after his death, his customers were told that the $215 million they'd deposited on the exchange was lost forever because Gerald did not . He quickly started. And Ill carry that shame with me, probably, every single day for the rest of my life.. He graduated from York in 2010 with a bachelor's degree in business administration. He was buried five days after passing away. Or else, they would send checks through third-party payment processors.. As for the death certificate, Gerrys name was misspelled on it, fueling theories about its authenticity and how easy it was to buy fake documents in India. Lawyers from the firm Miller Thomson asked Canadian police in a letter dated Friday to exhume the body of QuadrigaCX founder Gerald Cotten amid conspiracy theories around his death, which led to . At the time, the couple was looking to open an orphanage in that country. November 28, 2022 by Nurudeen. The sham ran for three months before shutting down with investors money disappearing. Nonetheless, given that the two had been together for years, we can assume that they had a great relationship. Some felt that Gerry taking flying lessons was a way of preparing to live life on the run. As time went by, the money failed to materialize, with Jennifer stating that she had no access to the cold wallets that stored the cryptocurrency externally. Dr. Abhishek Sharma, the general manager of the hospital, told VanderKlippe that Cotten was admitted with symptoms of acute gastroenteritis. He proceeded to vomit repeatedly and suffered diarrhea not unusual symptoms for travelers in India. Cotten passed away from complications that arose from Crohn's disease while on a honeymoon in Indiaapparently taking some $215 million of customer funds to the grave. The young entrepreneur seemed to be at the height of his success, traveling around the world with his wife, Jennifer, and leading a jet-setting lifestyle. Born in Belleville, Ont., in 1988, Cotten was quick to profit during the . After Gerry died, no autopsy was conducted, and the body was sent back to the hotel. Apart from that, Jennifer is studying to become an elementary school teacher and hopes to graduate soon. Who Can Access Them? }); Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Jennifer stressed she had no knowledge of her husbands fraudulent activities and wondered why he did what he did. So, who is Gerry Cotten and where is he now? While Jennifer said she stopped processing payments in 2016, customer receipts showed the firm continued paying customers in 2017. So upon completing his schooling in a private school in Canada he went to Schulich School of Business at York University in Toronto. In December 2018, Cotten and Jennifer traveled to India for what was said to be a honeymoon. That would later be a problem. container: 'taboola-right-rail-thumbnails', In December 2018, Jennifer and Gerry traveled to Jaipur, India, for their honeymoon. After one month before going on a honeymoon with his wife. Gone stupid. People wanted to withdraw and they couldnt, said Gerard, explaining that the shortfall was exacerbated by a computer mishap that resulted in $14 million of Ethereum disappearing from Quadriga and by Canadian Imperial Bank of Commerce freezing $21 million of Quadrigas funds due to perceived financial irregularities. [20] It is scheduled to premiere in 2022.[21]. And on December 8 Gerald Cotten along with his wife visited Jaipur where they checked into the Oberoi Rajvilas under their four days pre-reservations. It was one of the only games in town [for crypto enthusiasts], Sheona McDonald, who directed the doc, told The Post. and had been together for some time before tying the knot in October 2018. Netflixs Trust No One: The Hunt for the Crypto King provides an insight into what happened to Gerry and the money that Quadrigas customers had invested on the platform. Lawyers representing investors in what BBC. On Dec. 8, nine days after landing in India and having checked into the luxurious Oberoi Rajvilas Hotel in Jaipur, he was hit with severe stomach pain. They married in Scotland in October 2018. As stated above, the couple got married in October 2018. The reason for her sudden disappearance remains a mystery. He was also a brother of Bradley Cotten. But there were questions regarding Gerrys death and the events surrounding it. Gerald Cotten, who was the 30-year-old founder of cryptocurrency trading platform Quadriga CX, died while he was on his honeymoon in India in 2018 The company kept his death secret for a month. For More Updates OnCelebrity Babies,Feuds,Their Riches,Siblings, AndEntertainment, Keep In Touch WitheCelebritymirror. And Cottens funeral had been closed-casket. . In the aftermath, Jennifer agreed to return $12 million from the estate as part of a settlement. It didnt hurt that Quadriga entered the crypto game at an opportune moment. At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges. Back in India, the gastroenterologist stated that he couldnt be sure about the diagnosis without the autopsy. Cotten grew up in Belleville, Ontario, nicknamed the Friendly City. 'Trust No One' is a new Netflix documentary that explores the mysterious death of 30-year-old Gerald Cotten, the founder of Canada's largest bitcoin exchange who died suddenly while on his. Exit Scam on Apple Podcasts. Netflixs Trust No One: The Hunt for the Crypto King delves into the circumstances surrounding Gerrys death and what happened to the company after that. When Bitcoin started crashing before Cotten's death and people tried to withdraw their money all at once, Cotten's company was on track to lose millions of dollars. Jennifer now lives in Halifax in Nova Scotia, Canada, with her two pet dogs. It took some time for him to grow on her, but they eventually fell in love. When Gerald died he left behind his father Mr. Bruce Cotten and mother Mrs. Cheryl Cotten. Gerald Cotten is allegedly meant to have died from Crohn's disease after the exchange crashed. (adsbygoogle = window.adsbygoogle || []).push({}); Munish Sehgal is an Indian writer from Punjab, India. And when Cotten, the founder of QuadrigaCX, which now owes more than $260 million in cash and cryptocurrency to thousands of people, first turned his focus to Bitcoin, he found there weren't many ways to buy the cryptocurrency in Canada. Cotten now stands accused of perpetrating an ultra-modern Ponzi scheme, powered by technology and 21st century cunning. Gerald was only 30 years when he died in 2018. Gerald Cotten Defrauding However, her denial of the exhumation demands only fueled the rumors. Patryn has disputed reports of a criminal past and told Bloombergthat he left the company in 2016 and, since then, has not been involved in the operations or management of any of the Quadriga companies.. Cotten had written a new will in late November 2018, approximately two weeks before his death. Her husband Gerald Cotten died suddenly aged 30 on their 2018 honeymoon; . Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. In December 2018, Gerry Cotten mysteriously died at the age of 30 during a trip to Jaipur, India. He and his wife [Jennifer] traveled the world. Roughly $200 million (Canadian) in customer funds disappeared along with him. A source in the doc goes so far as to bring up a substance known as Haitian zombie powder that can supposedly be used to fake death: You appear dead for a few days, until you get the cure., Zou is 80 percent sure that [Cotten] is dead., McDonald agreed: If he had been cremated in India, I would be more suspicious.. Later, she wasallowed to keepher wedding band, jeep, personal retirement savings fund, and $90,000 cash. Trust No One: The Hunt for the Crypto King traces Cotten's devious and complex fintech crimes and explores a conspiracy theory that the con man faked his own death in order to escape prosecution from using his own Bitcoin to fund a lavish lifestyle of valuable real estate, fast cars and super yachts.. Crypto Con Man . His death left investors locked out of their money and left Jennifer Robertson, Gerrys wife, to deal with the fallout. Gerry was on his honeymoon in India with Jennifer in December 2018. But after his death, many assets that were listed with his company were seized by Canadian banks as his company become insolvent after his death. [16], Takara Small, of the Canadian Broadcasting Corporation, broadcast a podcast about Cotten, on May 25, 2021.[17]. In April 2019, Robertson voluntarily agreed not to sell or transfer any of her assets. , which amounts to approximately US $195 million. He was sentenced to 18 months in federal prison before being deported to Canada in 2007. Quadriga Fintech Solutions was founded and led by Gerald Cotten. The company took a cut from every Bitcoin trade on its platform. Trust No One: The Hunt For The Crypto King is the latest true crime documentary to land on Netflix. Suddenly, though, Cottens condition grew dramatically worse, and he was transferred to intensive care. However, Jennifer had claimed in her court documents that she had. This page was last modified on 1 October 2021, at 00:58. We can all agree that the cryptocurrency fiasco involving Jennifer Robertsons deceased husband thrust her into the spotlight out of nowhere. Save my name, email, and website in this browser for the next time I comment. In fact, jilted investors have requested to have the body exhumed. She also believed that their assets were bought from their own money. In the year 2014, Gerald through his company Quadriga Installed the Bitcoin ATM in Vancouver. He would tell you that he ran a fabulous Bitcoin exchange, Gerard said. A journalist stated, Some people think Gerald is still alive, somewhere hes at the beach, sipping a Mai Tai; hes benefiting from all of the millions that were stolen from investors. Eighteen months after Gerald Cotten, founder and Chief Executive Officer (CEO) of QuadrigaCX, was reported to have died while doing volunteer work at an orphanage in India, and most crypto users . Gerald Cotten, a Nova Scotia resident originally from Ontario, was 30 years old when he died suddenly while travelling in India on Dec. 9 -- leaving his virtual company, QuadrigaCX, without. However, no one could be more shocked than the crypto community when they later found out that Gerald was the only person with the passcodes to customer funds. In 2018, Gerald Cotten, the founder of Canada's biggest Bitcoin exchange, died under mysterious circumstances during a honeymoon trip to India. The company gradually grew over the years to amass . I took out three loans from the bank and put it all into crypto. However, his wife claimed that she had no idea how the founder handled his finances. Cotten didnt have time to enjoy the resort, though: He was feeling sick upon his arrival and would be dead within 24 hours. NewsUnzip is an Independent News Media organization. container: 'taboola-below-article-thumbnails-3rd', But before his death, he already made his family the owners of his millions of dollars of assets. Following the fiasco, Gerald Cottens spouse has vanished off the face of the earth. Investigations revealed that Cotten . According to probate documents filed by Robertson, on December 21, 2018, he left her most of his personal assets of approximately 9.5 million CAD. While the circumstances lend to the suspicion, Gerry had had Crohns disease for a while, and the death was just sudden and unfortunate. She is trying to put her life back together and is working as a waitress part-time. Essentially, Gerry gambled away customer money through trading. I like the notion of there being an island out there, somewhere, where Gerry Cotten is sipping a cocktail.. RESENSIES. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. Gerald Cotten, who was born in Fall River man, died in 2018 in India at the age of 30, taking with him the access codes for about $190 million in investments allegedly stored in encrypted "wallets." - File. . When the. Likewise, the public was not much intrigued about their lives up until Geralds name got tainted by him being a fraud. Before getting died it is claimed that Gerald Cotten on November 27, 2018, signed a will in which it was stated that after his death his financial assets will be distributed between his wife, parents, and siblings, He stated in his Will that his parents will become the sole owner of his Sailboat and his brother Bradley will become the owner of his private aircraft (Cessna 400.). The dude literally said that comment as a complete joke, and I even . Brett Bundale; Michael MacDonald (2019-03-01). His demise was not announced until over a month after it happened. Cotten took the cautionary step of storing most of the $250 million cryptocurrency deposits Quadriga managed in so-called "cold wallets". "That means $190 million of customers' holdings are inside, and no one can access them." Connected by a quest to recover their lost funds, a band of Bitcoin investors morph into a cyber-sleuth collective called The Committee. July 18, 2017 Despite his company's recent financial setback, Cotten manages to register his 51-foot yacht, The Gulliver. How Much Money Did Gerald Cotten Steal? In 2013 he founded his company Quadriga co-partnering with Michael Patryn. After all, the request came from hotel employees. By December 2018, Bitcoin had dropped to $3,700 still not bad if you bought it early, but terrible for the great majority who got in during the meteoric ascent. She has co-authored a book titled Bitcoin Widow: Love, Betrayal and the Missing Millions that details her experiences with Gerry. }); window._taboola = window._taboola || []; 2023 NYP Holdings, Inc. All Rights Reserved, FTXs NishadSingh pleads guilty to fraud, conspiracy charges, Alexis Ohanian used $50M crypto windfall to buy Serena Williams 17-carat engagement ring, SBFssprawling alleged campaign finance scheme detailed in new indictment, Sam Bankman-Fried reportedly caught napping during flight to NYC court hearing, Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts, luxurious Oberoi Rajvilas Hotel in Jaipur. While there, they planned to fund an orphanage to be named in Cottens honor. She was apologetic about people losing their money, saying, I would have never, ever stolen from other people. However in 2016 even after raising $850000 Canadian dollars, he ended the idea of listing Quadriga with CSE. Nonetheless, Jennifer has authored a book, Bitcoin Widow Love, Betrayal and the Missing Millions with Stephen Kimber. By the time Cotten and Patryn launched their company, Quadriga promoting it as a cheap and easy way for people to buy, sell and trade crypto at a time when it was an ordeal for the uninitiated in 2014, they were already well versed in the dark arts. But users claimed they received deposits from Jennifer directly, seemingly contradicting her statement. Consequently, the public knows little about the relationship between the now-dead Gerald and his widow. During 2017, when the exchange was up to speed and running, the currencys value jumped to $13,000. 2023 Cinemaholic Inc. All rights reserved. [14] His will included provision to set aside $100,000 for his in-laws, for the care of the couple's two dogs, if Robertson should die within 30 days of his death. His death left investors locked out of their money and left Jennifer Robertson, Gerry's wife, to deal with the fallout. 2023 BDG Media, Inc. All rights reserved. The book will be on sale on January 18, 2022, so lets hope that the public will get some clarity surrounding the allegations and rumors surrounding her late husband from her book. According to all the news reports, Gerry had succumbed to Crohn's disease. Cotten was young, energetic, passionate about cryptocurrency so when. His customers were told that the $215 million they'd deposited on the exchange was lost forever because Gerry had forgotten to leave behind his passwords.
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