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Exit Scam

Part III: The Ponzi Schemer

Exit Scam

Treats Media

Society & Culture, Technology, Documentary, True Crime

4.6856 Ratings

🗓️ 24 May 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

When Gerry was in his teens and early twenties, one thing stood out about him: his money. He had a lot of it and nobody knew where it came from. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

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0:03.0

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0:28.6

Jerry was a great dude and and everyone that you speak to that knew him personally, I think, would tell you that he was a really, really genuine guy that was super smart.

0:38.0

That's Adam O'Brien. He's a Bitcoin entrepreneur from Edmonton.

0:42.0

Adam was friends with Gerald Cotton, the late CEO of Quadriga,

0:46.0

which was once the biggest Bitcoin exchange in Canada.

0:49.0

In early 2019, when Quadriga customers heard that Jerry had died under mysterious circumstances,

0:56.6

and that the $215 million in their accounts had disappeared, they were suspicious. They accused Jerry of faking his death and stealing their money.

1:07.0

So Jerry's colleagues in the Canadian Bitcoin industry rushed to his defense. They told reporters that the Jerry they knew was an

1:15.2

honest businessman and that his death was no conspiracy. When I first heard that

1:20.6

Jerry had passed away I thought it was a huge shame. Jerry was only ever a good guy. I've only ever seen him being a nice man.

1:30.8

That's Jerry's friend Michael Perklin. He's the Bitcoin security expert we heard from last episode.

1:36.0

My first reaction was, oh man, that sucks.

1:39.0

The shitty things always happen to the good people.

...

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