Taylor Thomson, heir to the Thomson Reuters fortune, lost 80 million dollars in Crypto Assets due to following the advice of a psychic.

PANews reported on August 25 that billionaire heir Taylor Thomson lost over $80 million in digital assets due to following investment advice related to a psychic. Thomson is part of the family behind media and financial giant Thomson Reuters, and with the help of her former close friend Ashley Richardson, invested millions of dollars in encryption assets. The two had previously sought advice from psychics, and later Richardson became deeply involved in managing Thomson’s encryption asset portfolio. During the bull run of 2021, it was reported that Richardson managed over $140 million in encryption assets for Thomson across multiple wallets. However, the downturn in the encryption market in mid-2022 severely impacted the portfolio, with consulting firm Guidepost Solutions estimating Thomson’s losses to exceed $80 million. The company accused Richardson of executing over 450,000 transactions without proper authorization, exposing Thomson to high-risk strategies. Richardson denied the accusations, stating that he acted on Thomson’s instructions and that there was no formal contract between the two. In 2023, Thomson sued Richardson and Persistence, and she has since settled with Persistence while the lawsuit against Richardson is still ongoing.