The Cult Queen of Canada from Uncover S12: "A Death in Cryptoland" E5: Where’s the Money Gerry?
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Dec 9, 2021 Financial investigators uncover bizarre discoveries about a missing quarter of a billion dollars from a cryptocurrency exchange. Suspicious trailer park encounters, connections to shadow banking, and the unraveling of Quadriga. Speculations arise about the main subject faking his own death and an exit scheme.
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Act Fast On Delayed Disclosure
- If an exchange stops disclosing crucial failures promptly, stop depositing and withdraw funds immediately.
- Treat delays and vague legal explanations as red flags for possible insolvency or fraud.
Quadbox Enabled Fake-Funded Trading
- Quadriga credited users with an internal unit called Quadbox instead of real dollars to skirt regulations.
- Cotton used fake Quadbox and alias accounts like Chris Marquet to trade against customers and siphon assets.
Gambling Blew A Hole In The Exchange
- The Ontario Securities Commission found Cotton lost about CAD$115 million trading on other exchanges.
- Many customer funds disappeared through his Chris Marquet alias and were gambled away.