The B.C. Director of Civil Forfeiture has filed a court application to compel alleged co-founder of Quadriga Fintech Solutions Michael Patryn to explain how he obtained $250,200, 45 gold bars and various pieces of jewelry, which were seized from a Vancouver bank on June 18, 2021.
According to the claim, in January 2019, the RCMP commenced an investigation into Quadriga for fraud and determined that M. Patryn and G. Cotten: conducted unauthorized trades; altered, falsified, or omitted documents and records relating to customer accounts; and took possession of customer assets held by Quadriga for their own personal use and financial gain, including the safety deposit box items.
Now, the director’s new application for an unexplained wealth order includes more detailed allegations, including alleged chat records between Cotten and Patryn showing they “discussed hacking and stealing from” Quadriga. The director asserts that “overall, the Chat Records show: M. Patryn was heavily involved in all aspects of Quadriga’s operation.”
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