Jennifer Robertson

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Jennifer Robertson
Jennifer Robertson and Gerald Cotten,in India, shortly before Cotten's death.
Jennifer Robertson and Gerald Cotten,in India, shortly before Cotten's death.
Born 1988 (age 35–36)[1]
Halifax, Nova Scotia[1]
Nationality Canada
Other names Jennifer Kathleen Margaret Robertson
Jennifer Griffith[1][2]
Jennifer Forgeron[1][2]
Occupation real estate developer
Known for inherited a troubled cryptocurrency fund

Jennifer Kathleen Margaret Robertson (born 1988 as Jennifer Griffith[2][1]) is a Canadian real estate developer best known as the heir and widow of the CEO of the controversial QuadrigaCX cryptocurrency exchange.[3]

Robertson and Gerald Cotten were in a relationship for several years, prior to their June 2018 marriage.[4] In December, 2018, Robertson and Cotten were on a trip to India to sponsor an orphanage when he suffered severe intestinal distress related to his chronic Crohn's disease.[5] Although he was given hospital care, his condition worsened, and allegedly, he died less than a day after admission.[6]

The India Times reported that limited funds had been made available to build the Jennifer Robertson and Gerald Cotten House; the couple had yet to release funds for the orphanage's operation.[5]

After Cotten's death Robertson inherited millions of dollars in real estate holding.[7]

Approximately a month after Cotten's death Robertson informed shareholders that, although she had consulted computer security experts that the funds her husband had been managing were in "cold storage", and his files did not contain encryption keys required to manage them.[8][9][10][11]

In April 2019, Robertson voluntarily agreed not to sell or transfer any of her assets.[10][12]

On October 8, 2019, Robertson returned $12 million CAD to Quadriga, from her husband's estate.[4][12][13][14] Bloomberg News described this as a voluntary settlement. It listed the assets she was keeping, which included her wedding band, her personal vehicle, her personal retirement savings fund,

Robertson said she was not involved in how her husband managed Quadriga, and had initially assumed her inheritance came from “legitimately earned profits, salary and dividends.”[13]

In December 2019 some disgruntled QuadrigaCX investors requested Cotten's body be exhumed, to confirm or refute rumours he had faked his death.[15]

[16] [17] [18] [19] [20] [21]

References

  1. 1.0 1.1 1.2 1.3 1.4 Andrea Gunn (February 8, 2019). "QuadrigaCX founder left $9.8m in personal property, over a million in Nova Scotia". The Chronicle Herald (Halifax, Nova Scotia). Archived from the original on 2020-01-06. https://web.archive.org/web/20200106025326/https://www.thechronicleherald.ca/news/local/quadrigacx-founder-left-98m-in-personal-property-over-a-million-in-nova-scotia-282988/. "Not much is known about Robertson outside of what’s come out in court documents regarding her relation to the Quadriga case, but it seems she has changed her name at least three times. A Nova Scotia Royal Gazette entry from 2017 shows that she changed her name from Jennifer Griffith to Jennifer Robertson in late 2016. The short entry also says she was born in Halifax in 1988, making her the same age as Cotten. Legal property documents also list her as formerly Jennifer Forgeron, but it’s not clear when that name change occurred." 
  2. 2.0 2.1 2.2 Nathaniel Rich (November 22, 2019). "Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga". Vanity Fair. Archived from the original on 2020-03-10. https://web.archive.org/web/20200310034907/https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten. Retrieved 2020-01-20. "Robertson was also not her birth name; she had gone from her given name, Griffith, to Forgeron and then back, following an earlier marriage and its dissolution, before finally landing on Robertson in 2016." 
  3. Nikhilesh De (2020-01-08). "Vulture Investor Is Looking to Buy QuadrigaCX Creditors’ Claims Coindesk". Yahoo Finance. Archived from the original on 2020-03-17. https://web.archive.org/web/20200317020233/https://finance.yahoo.com/news/vulture-investor-looking-buy-quadrigacx-194023853.html. Retrieved 2020-03-16. "It is also unclear how much the creditors may receive from Quadriga’s supposed crypto holdings, said Jonathan Maruri, who co-manages Argo’s trading team. While Robertson reported that Quadriga held more than $180 million CAD worth of crypto at the time of the exchange’s collapse, EY’s investigation indicates that most of this is gone, with some assets held at other exchanges or by third-party payment vendors." 
  4. 4.0 4.1 Doug Alexander (2019-10-08). "Quadriga Founder’s Finances Add to Mystery of Missing Millions". Bloomberg News. Archived from the original on 2019-11-27. https://web.archive.org/web/20191127164314/https://www.bloomberg.com/news/articles/2019-10-08/quadriga-founder-s-finances-add-to-missing-millions-mystery. Retrieved 2019-11-27. "Robertson, who married Cotten in June 2018, agreed yesterday to return about C$12 million of assets to Quadriga as part of a voluntary settlement, which still requires court approval. She’ll get to keep about C$90,000 in cash, a C$20,000 retirement savings plan, a 2015 Jeep Cherokee, her wedding band, some personal furnishings and Quadriga shares." 
  5. 5.0 5.1 Rohan Abraham (2019-04-10). "A crypto millionaire, loose ends & a dead end: A consignment of teddy bears before Gerald Cotten died". India Times. Archived from the original on 2019-05-19. https://web.archive.org/web/20190519041717/https://economictimes.indiatimes.com/magazines/panache/a-crypto-millionaire-loose-ends-a-dead-end-a-consignment-of-teddy-bears-before-gerald-cotten-died/articleshow/68804401.cms. Retrieved 2019-05-22. "Pastor Cherukupalli Rama Rao has been waiting for four months for a dozen odd beady-eyed teddy bears to reach the six children under his charge at the Angel House India home in Venkatapuram village, Mudigona, Telangana." 
  6. "Lawyers want cryptocurrency Quadriga founder exhumed" (in en-GB). BBC News. 2019-12-13. https://www.bbc.com/news/world-us-canada-50751899. 
  7. Rafael Augusto (2019-03-17). "QuadrigaCX Founder’s Widow Inherits Millions in Real Estate". 71 Republic. Archived from the original on 2019-09-27. https://web.archive.org/web/20190927011846/https://71republic.com/2019/03/17/quadrigacx-widow-real-estate/. Retrieved 2019-09-26. "Jennifer, also known as the QuadrigaCX widow, has roughly 7.5 million Canadian dollars in real estate property. Yes, you heard that right." 
  8. Andrea Gunn (2019-02-14). "QuadrigaCX CEO’s wife questioned over access to bitcoins". Halifax Chronicle-Herald. Archived from the original on 2019-09-11. https://web.archive.org/web/20190911212726/https://www.thechronicleherald.ca/news/local/quadrigacx-ceos-wife-questioned-over-access-to-bitcoins-284629/. Retrieved 2019-09-26. 
  9. Andrea Gunn (2019-02-19). "Two law firms appointed to represent QuadrigaCX users through crypotcurrency recovery". Halifax Chronicle-Herald. Archived from the original on 2019-09-27. https://web.archive.org/web/20190927011848/https://www.thechronicleherald.ca/news/local/two-law-firms-appointed-to-represent-quadrigacx-users-through-crypotcurrency-recovery-285795/. Retrieved 2019-09-26. 
  10. 10.0 10.1 Michael MacDonald (2019-08-29). "RCMP, FBI two of four agencies investigating former crypto exchange Quadriga". Global News. Archived from the original on 2019-09-26. https://web.archive.org/web/20190926232124/https://globalnews.ca/news/5830003/quadriga-crypto-fbi-rcmp/. Retrieved 2019-09-26. "Earlier this year, the court issued a so-called asset preservation order to prevent Robertson from selling about $12 million in assets belonging to her or Cotten’s estate. Those assets include properties in Nova Scotia and British Columbia, a small aircraft, “luxury vehicles,” a sailboat, investments, cash and gold and silver coins." 
  11. "Case of defunct QuadrigaCX cryptocurrency exchange could shift to Toronto court". Red Deer Advocate. 2019-08-29. Archived from the original on 2019-10-06. https://web.archive.org/web/20191006180824/https://www.reddeeradvocate.com/business/case-of-defunct-quadrigacx-cryptocurrency-exchange-could-shift-to-toronto-court/. Retrieved 2019-10-08. "Meanwhile, Ernst and Young confirmed it is talking to lawyers representing Cotten’s widow, Jennifer Robertson, regarding the sale of personal assets that were purchased with Quadriga funds." 
  12. 12.0 12.1 Jennifer Robertson (2019-10-04). "Jennifer Robertson Statement - October, 2019 4131-5813-7374 v.2". Archived from the original on 2020-03-17. https://web.archive.org/web/20200317215958/https://www.scribd.com/document/429176062/Jennifer-Robertson-Statement-October-2019-4131-5813-7374-v-2. Retrieved 2019-10-08. "As a result of the Monitor’s investigation, I have agreed to return to QCX assets that I had previously thought were purchased with Gerry’s legitimately earned profits, salary and dividends. I was upset and disappointed with Gerry’s activities as uncovered by the investigation when I first learned of them, and continue to be as we conclude this settlement." 
  13. 13.0 13.1 Doug Alexander (2019-10-08). "Quadriga CEO's widow to return $12M of estate assets". Bloomberg News. Archived from the original on 2019-10-08. https://web.archive.org/web/20191008182140/https://www.bnnbloomberg.ca/quadriga-ceo-s-widow-to-return-9-million-of-estate-assets-1.1327887. Retrieved 2019-10-08. "“I have now entered into a voluntary settlement agreement where the vast majority of my assets and all of the estate’s assets are being returned to QCX to benefit the affected users,” she said. “These assets originally came from QCX at the direction of Gerry.”" 
  14. Jack Julian (2019-11-08). "Settlement allows QuadrigaCX founder's widow to keep $90K in cash, wedding ring, Jeep". CBC News. Archived from the original on 2019-12-16. https://web.archive.org/web/20191216055831/https://www.cbc.ca/news/canada/nova-scotia/jennifer-robertson-quadrigacx-settlement-agreement-1.5313813. Retrieved 2019-11-27. "Jennifer Robertson, the widow of QuadrigaCX founder Gerald (Gerry) Cotten, will be allowed to keep more than $90,000 cash and a Jeep Cherokee in a settlement agreement with the company's bankruptcy trustee." 
  15. Darren Parkin (2019-12-18). "QuadrigaCX widow ‘heartbroken’ over exhumation request: Jennifer Robertson tells frustrated investors that exhuming her late husband's body would 'do nothing to help with the asset recovery process'". Coin Rivet. Archived from the original on 2020-02-18. https://web.archive.org/web/20200218041157/https://coinrivet.com/quadrigacx-widow-heartbroken-over-exhumation-request/. Retrieved 2020-03-16. 
  16. Jack Morse (2019-02-02). "He had sole access to $190 million worth of customers' crypto. Then he died.". Mashable. Archived from the original on 2019-02-02. https://web.archive.org/web/20190202021812/https://mashable.com/article/cryptocurrency-exchange-quadrigacx-founder-died-funds-lost/. Retrieved 2019-02-04. "The exchange's founder, 30-year-old Gerald Cotten, died unexpectedly in December 2018. According to a Jan. 31 affidavit filed by his widow Jennifer Robertson and dug up by Coindesk, it also just so happens that Cotten had sole access to most of the exchange's $190 million worth of crypto held in cold storage." 
  17. Roxanne Williams (2019-01-18). "QuadrigaCX Crypto Exchange Users Money is Still Stuck". Crypto Newz. Archived from the original on 2019-01-22. https://web.archive.org/web/20190122001758/https://www.cryptonewsz.com/quadrigacx-crypto-exchange-users-money-is-still-stuck/6650/. Retrieved 2019-02-04. "The exchange shared a statement with Cotten’s wife, in which it was said that Gerald died on December 9 due to complications of Crohn’s disease when he was traveling in India." 
  18. Krista Kelly (2019-02-04). "This crypto exchange can't repay the $190 million to customers because the CEO died with the only password". Business Insider. Archived from the original on 2019-02-04. https://web.archive.org/web/20190204170053/https://www.businessinsider.com/quadrigacx-cant-pay-190-million-owed-because-ceo-with-password-died-2019-2. Retrieved 2019-02-04. "While Robertson has Cotten's laptop, it's encrypted and she does not have a password or recovery key. A consultant hired to attempt to recover it's contents hasn't had much luck." 
  19. Jennifer Robertson (2019-01-30). "Affadavit of Jennifer Robertson". Archived from the original on 2019-02-02. https://web.archive.org/web/20190202170524/https://www.scribd.com/document/398721572/Jennifer-Robertson-Affidavit. Retrieved 2019-02-04. 
  20. Alexandra Posadzki (2018-11-13). "Judge rules with CIBC, grants possession of disputed Quadriga funds to Ontario Superior Court". The Globe and Mail. Archived from the original on 2019-01-24. https://web.archive.org/web/20190124200914/https://www.theglobeandmail.com/business/article-judge-rules-with-cibc-grants-possession-of-disputed-quadriga-funds-to/. "'More importantly, the court has made no ruling yet on whether CIBC acted appropriately in freezing the funds in the first place,' Mr. Cotten said. 'Regarding this point, we are considering our next steps.'" 
  21. Alexandra Posadzki (2018-10-09). "Vancouver crypto exchange, CIBC clash over frozen accounts". The Globe and Mail. Archived from the original on 2018-10-08. https://web.archive.org/web/20181009065604/https://www.theglobeandmail.com/business/article-vancouver-crypto-exchange-cibc-clash-over-frozen-accounts/.