How a Cryptocurrency Fortune Crippled a Deceased Billionaire’s Estate
Why the SEC says Ripple is a security?
Most cryptocurrencies aren’t closely tied to centralized entities. Bound by an agreement Mellon had made with Ripple, the estate could only sell off a small amount of XRP each day.
The vast majority of Matthew #Mellon’s assets—more than $193 million—were locked up in a cryptocurrency known as #XRP, which is managed by the company #Ripple. His massive crypto fortune began with a $2 million investment in XRP in late 2017 after he had dabbled with Bitcoin. His enthusiasm for Ripple led him to become a “global ambassador” for the company.
There was no mention of the currency in his outdated will, and he reportedly kept the keys to it on devices under other people’s names in various locations throughout the country.
Well, it seems there are secret deals that were made for the rich bankers way back when.
SEE RichAsHell.com
Find the origin story
of #Ripple and the
#Fugger Banker
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Matthew Mellon: US billionaire dies in Mexico
https://www.bbc.com/news/world-us-canada-43800610
#Mellon’s Bank founder Thomas Mellon became the patriarch of one US richest financial dynasties while Matthew Mellon’s #Ripple $XRP had been worth over $1 billion when he told #Forbes he had been adding to the position as the #Cryptocurrency price plunged. https://forbes.com/sites/nathanvardi/2018/04/19/the-last-days-of-banking-heir-matthew-mellon/#4c5c98545d52
Kennedy kid claims Matthew Mellon was obsessed with UFOs, human cloning
https://pagesix.com/2018/04/21/the-matthew-mellon-i-used-to-know/
Billionaire Banking Heir Matthew #Mellon Dies At 54
https://bloomberg.com/news/articles/2018-04-17/billionaire-banking-heir-matthew-mellon-dies-at-54? he was a biggy..
https://en.wikipedia.org/wiki/Matthew_Mellon
https://en.wikipedia.org/wiki/Anthony_J
what will happen to the estimated $500 million of XRP digital currency he owned.
https://www.forbes.com/sites/nathanvardi/2018/04/19/the-last-days-of-banking-heir-matthew-mellon/?sh=5bc930e15d52