Heidi Fleiss, once known as the Hollywood Madam, filed a $4 million Bitcoin lawsuit against a former friend, alleging theft of the cryptocurrency.

There are a lot of distinctive features of cryptocurrency, but one of the most interesting is its absolute democracy. Anyone who wishes to can become a part of the crypto ecosystem by just investing in some virtual currencies. Unlike traditional finance, this means that people from every walk of life can easily jump aboard the crypto train and enjoy the ride. One of the more fascinating individuals to get an interest in Bitcoin is Heidi Fleiss, the notorious ex-madam that catered to the rich and famous of Hollywood.

Heidi Fleiss: Hollywood Madam

For those who do not know, Heidi Fleiss was a notorious madam, a woman who ran a prostitution ring, that operated in Hollywood. Her clients were the rich, the powerful, and the famous of Tinseltown, and business was very good.

She claimed that on her slowest night, she still made $10,000 in profit. Just four months after starting her prostitution business in 1990, she had already made a million dollars.

Her world came crashing down in 1994 when she was indicted on federal charges. She was eventually convicted of tax evasion and sentenced to 37 months behind bars. She spent 20 months in prison, was released, and then spent the remainder of her sentence in a halfway house.

Broken Trust Leads to Bitcoin Lawsuit

In 2015, Fleiss received a substantial inheritance from her father’s estate. She decided to invest the money in order to fund her goal of helping preserve the endangered macaw parrot species. (She has a lifetime affinity for these birds. Dr. Drew Pinsky did several brain scans of her that showed significant frontal lobe dysfunction. He concludes that this dysfunction is the reason why Fleiss does not empathize with people but does do so with parrots.)

Fleiss decided to invest the inheritance into Bitcoin and other cryptocurrencies. A friend, Elizabeth Keatinge, came on board to help manage the investments. Overall, the former madam gave her friend $1 million to invest.

Bitcoins to help the Parrots were stolen by Elizabeth Keatinge #bitcoinliarthief pic.twitter.com/Qta2C4nbGC — Heidi Fleiss (@HeidiFleiss3) December 31, 2017

Fast forward to 2017 when Fleiss wanted to capitalize on her investment. Keatinge refused to hand over any money or allow access to the various cryptocurrency accounts. Keatinge says that the accounts were a joint venture, a claim that Fleiss denies, saying that Keatinge did not invest any money and did very little work on the accounts.

Fleiss has now filed a Bitcoin lawsuit for $4 million over the lost revenue. She says that Keatinge and her husband are converting the cryptocurrencies into fiat for their own personal use.

If Fleiss bought bitcoins back in 2015, then her investment should have mushroomed greatly by 2017. No court date has been set, but this situation just shows that one should be careful who they trust when it comes to finances.

What do you think about this Bitcoin lawsuit by the notorious ex-madam? Let us know in the comments below.

Images courtesy of Wikimedia Commons/@Heidi Fleiss and Ron Jeremy, Pixabay, and Twitter/@HeidiFleiss3.