Thomson Reuters Heiress Trusts Fortune Teller's Advice to Invest in Cryptocurrency, Loses Over $80 Million in 2022 Bear Market Crash

On August 25th, as reported by The Wall Street Journal, Taylor Thomson, the heir to Thomson Reuters, invested in cryptocurrency after following the investment advice of a psychic medium. This led to a loss of more than 80 million US dollars. It is reported that Taylor is a member of the Thomson family and collaborated with her former best friend Ashley Richardson in cryptocurrency investment. After consulting a celebrity psychic medium and other spiritual advisors, Taylor became deeply involved in cryptocurrency investment. During the bull market of 2021, Ashley Richardson managed over 140 million US dollars of cryptocurrency assets for Taylor. However, the mid-2022 cryptocurrency market downturn had a significant impact on the investment portfolio. The consulting firm Guidepost Solutions estimated that Taylor's losses exceeded 80 million US dollars. The company claims that Ashley executed more than 450,000 trades without proper authorization, exposing Taylor to risks. Taylor's former best friend Ashley denied these allegations and stated that she conducted the trades at Taylor's direction. She described these trades as necessary for managing liquidity. Ashley also mentioned that there was no formal contract between her and Taylor and that they operated based solely on verbal agreements. She claimed that she did not profit from it. This dispute has escalated into a legal battle. BlockBeats Note: Thomson Reuters is a Canadian-based multinational media conglomerate formed by the acquisition of the UK company Reuters Group by Thomson Corporation in April 2008.