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Regulators: Deceased Quadriga Founder Committed Fraud

Published 06/11/2020, 01:57 PM
Updated 06/11/2020, 04:00 PM
Regulators: Deceased Quadriga Founder Committed Fraud

The Ontario Securities Commission, or OSC, claims that the crypto exchange Quadriga collapsed in 2018 because of fraud committed by its late founder, Gerald Cotten, who passed away on his honeymoon in India.

The report released on June 11, revealed by CBC Canada, says Cotten opened several accounts under aliases and credited himself with “fictitious currency,”. He traded this currency with unsuspecting clients of his Vancouver-based crypto exchange...

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