Heir to Thomson Reuters faces significant losses in cryptocurrency investments

According to BlockBeats, Taylor Thomson, heir to the Thomson Reuters fortune, reportedly lost over $80 million after investing in cryptocurrencies based on the advice of a psychic consultant. Taylor, a member of the Reuters family, collaborated with his former girlfriend Ashley Richardson to invest in digital assets. Following consultations with a well-known psychic consultant and other spiritual advisors, Taylor became actively involved in cryptocurrency investments.

During the bull market of 2021, Ashley Richardson managed cryptocurrency assets worth over $140 million for Taylor. However, the downturn in the cryptocurrency market in mid-2022 severely impacted the portfolio. The consulting firm Guidepost Solutions estimates Taylor's losses at over $80 million. The firm claims that Ashley executed over 450,000 trades without proper authorization, putting Taylor at risk.

Ashley Richardson denies these allegations, asserting that she acted under Taylor's instructions and that the trades were intended for liquidity management. She also noted that there was no formal contract between her and Taylor.