When you think things can’t get any worse, they usually do. Now, 115.000 QuadrigaCX crypto investors, who trusted QuadrigaCX fintech solutions with their hard-earned money, are still waiting with empty hands for their money back or at least for some answers. Unfortunately, as the QuadrigaCX case unfolds it seems that things are getting shadier than ever. It seems that one of the co-founders have a dark past he was trying to hide by changing his name and hiring IT experts to purge his questionable past. Omar Dhanani, now known as Michael Patryn used to be a known con-artist in the US. American authorities charged and arrested him for trying to pull up numerous scams. These scams include credit-fraud, identity theft, and burglary.
It seems that the more we dig into the QuadrigaCX incident the more suspicious the situation appears. Now, Jennifer Robertson, the wife of QuadrigaCX’s CEO, Gerald Cotten, is claiming that he was using his own money to cover the company costs. After the Canadian Imperial Bank of Commerce questioned the legality of his wealth in 2018, they put his fiat funds on hold.
There is an old saying we all grew used to hearing, “Money won’t buy you happiness” – this saying may be a perfect fit for the current turmoil Jennifer Robertson is going through. Jennifer, also known as the QuadrigaCX widow, has roughly 7.5 million Canadian dollars in real estate property. Yes, you heard that right. Her company and personal life took an unexpected turn for the worst in the last few months due to her husband’s death in India, which left the company unable to access its crypto funds. However, recently emerged documents from the Canadian government show us that she has inherited quite a few properties from her dead husband to keep her life going at least for a few years.
With the unexpected death of Gerald Cotten, CEO and founder of Quadriga Fintech Solutions Corp., his widow Jennifer Robertson has found herself in the middle of a complicated legal battle. She is facing off in defense of her husband’s legacy against former Quadriga CX investors and customers. Robertson never thought this was going to be a simple process. She has admitted that she has little to no experience dealing with Bitcoin, let alone running a company. But what came as a surprise for her was the amount of blowback she is receiving.
Cryptocurrency often breeds a great deal of uncertainty. After all, many places still view it as the new kid on the block(chain). Clearly, respect for cryptocurrencies has increased. After all, some governments and companies are going through great lengths to attempt to control it and profit from it. There is still a lot of bias against using these paperless currencies; some still look down at cryptocurrencies with suspicion and distrust. This is especially due to the fact that cryptocurrencies are decentralized and often anonymous. Nevertheless, the adoption and value of those currencies have skyrocketed. But soon, Canadian company Quadriga CX may not find much of either.