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B.C.'s director of civil forfeiture has filed an unexplained wealth order in an attempt to seize cash, gold bars, luxury watches and jewelry in a safety deposit box belonging to the co-founder of a notorious B.C.-based cryptocurrency exchange scam.Documents filed in B.C. Supreme Court say the cash, gold bars, luxury watches and jewelry are the proceeds of crimes committed by Michael Patryn, a co-founder of Quadriga Coin Exchange. B.C.
An investigation by the Ontario Securities Commission later determined Quadriga was a fraud and Ponzi scheme. B.C. Solicitor General Mike Farnworth said this is the third unexplained wealth order filed in B.C. since changes were made to the Civil Forfeiture Act last year to allow their use. $250,200 in Canadian currency "separated into five bundles which were bound with elastic bands, each containing approximately $50,000."
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