39 min
Ontario Securities Commission Episode Real Life Regulators: Financial Fraud
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- True Crime
Today’s podcast is a special episode that was recorded live during the 2024 NASAA Investor Education Training. We talked with representatives from the Ontario Securities Commission and discussed the downfall of crypto asset trading platform Quadriga. Clients entrusted their assets to Quadriga, which provided false assurances that those assets would be safeguarded. In reality, Quadriga’s CEO Gerry Cotten spent, traded and used those assets at will. Gerry Cotten was able to misuse client assets for years, unchecked and undetected, ultimately bringing down the entire platform.
Today’s podcast is a special episode that was recorded live during the 2024 NASAA Investor Education Training. We talked with representatives from the Ontario Securities Commission and discussed the downfall of crypto asset trading platform Quadriga. Clients entrusted their assets to Quadriga, which provided false assurances that those assets would be safeguarded. In reality, Quadriga’s CEO Gerry Cotten spent, traded and used those assets at will. Gerry Cotten was able to misuse client assets for years, unchecked and undetected, ultimately bringing down the entire platform.
39 min