Thomson Reuters Heir Faces Significant Losses in Crypto Investments

According to BlockBeats, Taylor Thomson, an heir to the Thomson Reuters fortune, reportedly lost over $80 million after investing in cryptocurrencies based on advice from a psychic. Taylor, a member of the Reuters family, collaborated with former friend Ashley Richardson to invest in digital assets. Following consultations with a celebrity psychic and other spiritual advisors, Taylor became heavily involved in crypto investments. During the 2021 bull market, Ashley Richardson managed over $140 million in crypto assets for Taylor. However, the mid-2022 downturn in the cryptocurrency market severely impacted the portfolio. Guidepost Solutions, a consulting firm, estimates Taylor's losses to exceed $80 million. The firm alleges that Ashley executed more than 450,000 trades without proper authorization, putting Taylor at risk. Ashley Richardson denies these allegations, claiming she acted under Taylor's instructions and that the trades were intended to manage liquidity. She also stated that there was no formal contract between her and Taylor, operating instead on a verbal agreement, and asserted that she did not profit from the transactions. The dispute has escalated into a legal battle.