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Billionaire Heiress Loses $80M in Psychic-Fueled Crypto Bet

Billionaire Heiress Loses $80M in Psychic-Fueled Crypto Bet


Billionaire heiress Taylor Thomson reportedly lost over $80 million in digital assets after following investment advice linked to a psychic. 

According to a Wall Street Journal (WSJ) report on Monday, Thomson, who’s part of the family behind the media and financial giant Thomson Reuters, invested millions in crypto assets with the help of her former best friend, Ashley Richardson.

The move came after both women reportedly consulted a celebrity psychic and other spiritual advisers. Richardson became deeply involved in Thomson’s crypto portfolio. During the 2021 bull run, Richardson reportedly managed over $140 million in crypto for Thomson across multiple wallets. 

However, the crypto downturn in mid-2022 put a massive dent in the portfolio, with consulting firm Guidepost Solutions estimating Thomson’s losses to exceed $80 million. The company alleged that Richardson executed over 450,000 trades without proper authorization, exposing Thomson to risky strategies.