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| March 20, 2019

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Unicorn’s Less Than Magical Morning: Theft, Crash, Hospital

March 20, 2019 |

Too bad his costume didn’t come equipped with wings. Police in Maryland have arrested a man accused of robbing a Baldwin convenience store while disguised as a pink and white unicorn. Per the Baltimore Sun , 28-year-old Jacob Rogge was wearing the full-body costume when he allegedly used a crowbar to…
Newser

Boy never vaccinated racked up $800G in medical bills after tetanus required 57-day hospital stay: CDC

March 8, 2019 |

A 6-year-old boy from Oregon, who never received any vaccines, spent nearly two months in a hospital, racking up more than $ 800,000 in medical bills after contracting tetanus from a cut on his forehead.
FOX News

Wounded Doctor Helps Subdue VA Hospital Shooter

March 1, 2019 |

A 59-year-old Army veteran shot a doctor in the neck Wednesday at a VA hospital in Florida, just before he was to undergo a mental health evaluation. The wounded doctor helped subdue the veteran, the FBI said, per USA Today . “It was very brave,” an agent said. “He’s doing well,…
Newser

CNN

Haiti hospital lacks medicines, equipment during protests

February 17, 2019 |

The languid whack of a ceiling fan stirs the heat around the Intensive Care Unit. It’s the only sound on the ward. Because there is none of the life-saving equipment an ICU should have.
CNN.com – RSS Channel – Regions – Americas

CNN

No medicine, records or equipment: Haiti hospital struggles during protests

February 17, 2019 |

The languid whack of a ceiling fan stirs the heat around the Intensive Care Unit. It’s the only sound on the ward. Because there is none of the life-saving equipment an ICU should have.
CNN.com – RSS Channel – World

Quadrigacx Saga: Founder’s Widow Owns $5.6m Properties, Hospital Confirms Cotten’s Death

February 8, 2019 |

Quadrigacx Saga: Founder's Widow Owns $  5.6m Properties, Hospital Confirms Cotten's Death

Troubled Canadian cryptocurrency exchange Quadrigacx may be newly armed with a 30-day stay from creditors, following the Feb. 5 bankruptcy hearing, but its late CEO’s widow, Jennifer Robertson, is on shifting ground as her affidavit is being picked apart by customers, experts and conspiracy theorists.

Also read: Report Claims Quadrigacx Never Held More Than 1,000BTC

Cotten’s Death Births Several Conspiracy Theories

Quadrigacx, until last year the largest Canadian exchange by traded volume, gained notoriety when it filed for bankruptcy protection, claiming that its founder and chief executive officer, Gerald W. Cotten, died in India on Dec. 9 without revealing the keys to cold wallets containing CAD $ 190 million (~US $ 145 million). A Nova Scotia Supreme Court judge on Tuesday granted Quadriga’s request for creditor protection from as many as 115,000 customers.

Quadrigacx Saga: Founder's Widow Owns $  5.6m Properties, Hospital Confirms Cotten's Death
The late Gerry Cotten

The shifting narrative is now being challenged on multiple fronts, with skeptics claiming that the 30-year old CEO faked his death to evade paying customers. A recent report in The Times of India confirms that Cotten did die on Dec. 9 and his widow was granted a death certificate and police clearance to take his body back to Canada.

The article claims Cotten was admitted to Fortis Escorts hospital in Jaipur on Dec. 8 and diagnosed with “septic shock, perforation, peritonitis and intestinal obstruction.” Cotten allegedly died hours later of a cardiac arrest. He was known to suffer from Crohn’s disease.

Without DNA confirmation, though, the report will do to little to douse the skepticism surrounding the saga. Cotten is thought to have methodically gone about his “death,” naming his wife the sole executor of his estate 12 days before passing, and bequeathing properties from a jointly operated company to his in-laws.

A Widow’s Fortune

On a related note, it has been revealed by Canadian broadcaster CBC that Robertson’s company acquired properties in Nova Scotia worth CAD$ 7.5 million (~US$ 5.6 million) in the last two and half years. The properties may be a subject of interest as Quadrigacx is currently looking for money to pay creditors under the administration of accountants Ernst and Young.

According to the Nova Scotia’s property registry, Robertson and Cotten bought 16 properties between May 2016 and October 2018, ranging in price from CAD$ 94,000 for a waterfront lot in Lunenburg County to CAD$ 2.5 million for nine row houses in Bedford. About a dozen properties are held by the widow’s company, Robertson Nova Property Management Ltd, CBC reported.

Robertson, who also owns two other properties in her own name, including an island in Mahone Bay the couple purchased in September 2017 for CAD $ 162,000, has used three family names in the last few years.

According to the CBC article, deeds for properties she bought in 2016 show she was once known as Jennifer Forgeron. On Dec. 1, 2016, she changed her name from Jennifer Kathleen Margaret Griffith to her current name, Jennifer Kathleen Margaret Robertson.

Quadrigacx Saga: Founder's Widow Owns $  5.6m Properties, Hospital Confirms Cotten's Death
Jennifer Robertson’s properties in Bedford

Quadrigacx Has Less BTC Than It Claims to Own

While discontent and conspiracy theories have been particularly awash on social media, one cryptocurrency researcher has claimed that the exchange had significantly less bitcoin than it claims to have lost, and dismisses the claim that Cotten died with the keys to cold wallets, claiming that blockchain records show outgoing transactions since Cotten’s death.

A theory has also been floated that the company did not actually have the supposed cryptocurrency in its accounts but would use customers’ money for withdrawal requests. Delays experienced by some customers between withdrawal requests and payment were attributed to the possibility that the exchange was waiting on new deposits.

The company had previously claimed liquidity problems as a result of losing access to the wallets. In the affidavit filed against the Feb. 5 bankruptcy hearing, Robertson stated that her husband was the sole director and officer at Quadrigacx and its sister companies at the time of his death.

The failure of the company to remain liquid after the CEO’s death tied into the lone wolf style of business. “To the best of my knowledge, most of the businesses of these companies was being conducted by Gerry whenever and wherever he and his computer were located,” claimed his widow.

Following the death of Cotten, Quadrigacx claimed to have lost 26,488 BTC, 11,278 BCH, 11,149 BSV, and 35,320 BTG. About 199,888 LTC and 429,966 ETH were also allegedly lost.

What do you think about the unfolding saga at Quadrigacx? Do you think Cotten faked his death? Let us know in the comments section below.


Images courtesy of Shutterstock and CBC.


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The post Quadrigacx Saga: Founder’s Widow Owns $ 5.6m Properties, Hospital Confirms Cotten’s Death appeared first on Bitcoin News.

Bitcoin News

Attacked Runner Kills Cougar, Drives to Hospital

February 5, 2019 |

The survival instinct kicked in for a northern Colorado man, who not only killed a mountain lion that attacked him as he was running in a mountain park on Monday, but then hiked out of the area, and drove himself to a hospital. “The runner did everything he could to…
Newser

CNN

Ebola ruled out in Swedish patient suspected of having virus, hospital says

January 5, 2019 |

A man in Sweden who was being treated for suspected Ebola contamination at Uppsala University Hospital on Friday does not have the deadly virus.
CNN.com – RSS Channel – World

Groom to Sue Pals After Wedding Day Prank Leaves Him in Hospital

January 2, 2019 |

Wedding-day hijinks are all fun and games until the bridegroom gets chased out into traffic, hit by a car, and ends up suing the wedding guests. The incident happened in November in China, where, as the Telegraph explains, “wedding hazing” is a tradition dating back to the days of arranged…
Newser

Ginsburg Home From Hospital After Cancer Surgery

December 26, 2018 |

It’s been a year of medical emergencies for Ruth Bader Ginsburg, but the Supreme Court justice is now back home and recovering after her most recent health issue. Per CNN , a court spokeswoman revealed Wednesday that Ginsburg was discharged from NYC’s Memorial Sloan Kettering hospital on Tuesday, four days after…
Newser