Bill Cosby Turns To Bitcoin To Save $500 Million Fortune
Disgraced comedian and proclaimed sex offender, Bill Cosby has reportedly turned to Bitcoin to save what is left of his $500 million fortune.
He is required to pay legal fees and the government while giving a piece of the fortune to his wife, Camille.
According to Radar Online, Cosby’s decision to use Bitcoin is due to his strong belief that Camille will divorce him and go after his fortune. Another issue is Cosby’s $25 million in “unpaid legal bills.”
The reports also disclosed that he has since “moved close to $5 million in Bitcoin after an expert told him it’s practically untraceable and impossible for anyone but him to retrieve it,” which has been quoted as coming from an unnamed insider.
The insider also added that the expert told Cosby of Bitcoin’s privacy and legitimacy, as it “couldn’t be taken in a divorce, bankruptcy or by the government in any liens.”