Part IV: The Chris Markay Account

Exit Scam

Treats Media

Society & Culture, Technology, Documentary, True Crime

4.6 • 856 Ratings

🗓️ 31 May 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Three years before his death, Gerry embarks on a spending spree, buying a yacht, a plane, and even his own private island. But things at his Bitcoin exchange, Quadriga, begin to unravel. 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	This episode is brought to you by Disney Plus.
0:04.0	Steve Martin, Martin Short, and Selina Gomez are back as your favorite podcaster detectives
0:09.0	in the all new season of only murders in the building.
0:11.0	But this time, they're headed to Hollywood to turn their
0:14.0	podcast into a major movie.
0:16.1	Get ready for guest stars galore in the stariest season yet.
0:19.5	Only Murders in the Building.
0:20.7	New season streaming now on Disney Plus.
0:23.0	Copyright 2024 Disney and its related entities, 18 plus subscription required. Now remember I said earlier that Gerald ran this entire exchange from his laptop.
0:40.0	One of the most interesting facts about this company was that the entire business was operated out of his Macbook Pro.
0:45.5	It wasn't so much a business as it was cotton just manning the entire show from his Macbook.
0:58.0	When Quadriga CEO Gerald Cotton's death was announced in 2019 his customers were shocked to learn that the 215 million dollars they thought was in their accounts had disappeared.
1:05.8	But almost as surprising was the fact that until his death, Jerry had been running the exchange
1:11.3	mostly by himself.
1:13.7	He'd been doing it that way since 2016,
1:16.6	when he had a fight with Quadriguez co-founder,
1:18.9	Michael Patrick, over a failed attempt to go public.
1:23.0	Mike quit and so did everyone else.
1:26.0	And suddenly Jerry was the only one left.
1:29.0	There was no more office in Vancouver and no other full-time employees.
1:35.0	But Jerry didn't sweat it.
1:37.0	Instead of renting a new office,
	...

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