Y&R SPOILERS OCTOBER 8: VICTOR’S DE LEON BOMBSHELL DESTROYS JILL’S LAST MEMORY—WAS COLIN’S DEATHBED REGRET ALL A LIE?

TL;DR: On October 8’s Young and the Restless, Victor Newman drops a devastating bombshell on Jill Abbott, alleging that Colin Atkinson’s entire fortune came from swindling the de Leon family—and that Cane Ashby may have known or participated in the scheme all along.

The Confrontation That Changes Everything

When Jill Abbott walked into the Newman Ranch expecting a routine business discussion, she had NO idea Victor Newman was about to detonate a bomb that would obliterate her most precious memories.

And let’s be real—Victor doesn’t call meetings to chat about the weather.

Jill showed up thinking Victor and Jack Abbott were just running scared of Cane Ashby’s legitimate business acumen. Corporate jealousy, right? A couple of old guard titans feeling threatened by new money? That’s what she believed walking through those doors. But what Victor’s about to reveal will shake Jill to her absolute core, forcing her to question everything she thought she knew about the man she loved—and lost.

The meeting scheduled for Wednesday, October 8 isn’t just another power play. It’s the moment Victor weaponizes information he’s been meticulously gathering for weeks. Because that’s what Victor Newman does—he doesn’t strike until he’s got you cornered with nowhere to run.

Did Colin Build His Fortune on a Massive Swindle?

Yes. According to Victor Newman’s allegations, Colin Atkinson’s multi-billion dollar fortune didn’t come from legitimate land sales and savvy cryptocurrency investments like Cane claimed—it came from systematically swindling the de Leon family out of their wealth.

Here’s where things get absolutely devastating for Jill.

Remember that heart-wrenching tribute episode back in August? The one where we all sobbed watching Colin on his deathbed, expressing genuine remorse and urging Cane to “bury Dumas forever” and be a good man? That beautiful, emotionally raw moment that honored the late Tristan Rogers with such dignity and love?

Victor’s about to suggest it was all theater. The final performance of a master con artist.

And honestly? Given Colin’s history, it’s not even that far-fetched. The man framed his own son for crimes, manipulated everyone around him for decades, and treated life like one long con. But Jill saw something different in those final days. She witnessed what she believed was authentic redemption—a dying man making peace with his past and trying to set his son on a better path.

Now Victor’s forcing her to consider the horrifying alternative: that Colin played her for a fool one last time, right up until his final breath.

What Exactly Is Victor Alleging?

Victor Newman claims the “seed money” that launched Cane’s empire came from Colin swindling the de Leon family, and that Cane was either a knowing participant or is continuing his father’s criminal enterprise.

During a recent confrontation, Cane actually admitted something crucial to Victor—the initial funds didn’t come from legitimate sources as he’d been claiming. Under pressure, Cane conceded that the money came from his father swindling a “rich old woman.” That admission? It cracked open Cane’s carefully constructed narrative like an egg.

Victor took that crack and drove a truck through it.

By naming the de Leon family specifically, Victor’s escalating this from vague accusations to concrete allegations with identifiable victims. And if there’s one thing we know about Victor Newman, it’s that he doesn’t make public accusations without having the receipts to back them up. Financial records. Witness testimony. A paper trail that leads straight from the de Leon family’s stolen fortune to Cane’s corporate empire.

Could this connect to that French chateau where Cane operated as the mysterious billionaire Aristotle Dumas? Fan theories are running WILD with speculation that the de Leon family might be the original wealthy owners of that property, and that unstable assistant Carter we saw causing chaos might actually be a descendant seeking revenge for the theft of his family’s legacy.

Talk about narrative breadcrumbs leading to an explosive reveal!

Jill’s Impossible Position

Jill Abbott is about to face the most emotionally devastating choice of her life, and my heart absolutely breaks for her.

She’s admitted—out loud, on-screen—that if Victor’s allegations prove true, she’d be shattered. Because this isn’t just about Cane potentially being a criminal. This cuts so much deeper. This is about Jill’s final memories of Colin being poisoned beyond repair. Every tender moment from those last days, every expression of regret, every word of love—all of it retroactively transformed into calculated manipulation.

For a woman who’s already been through SO much with Colin—the betrayals, the schemes, the heartbreak—this could be the ultimate betrayal.

And here’s the thing that makes this so psychologically brutal: Jill herself has always been Colin’s greatest weakness. Despite his criminal nature and sociopathic tendencies, she was the one person who could occasionally glimpse something real beneath the con man exterior. Or so she thought. Victor’s revelation forces her to question whether ANY of it was ever real, or if she was just another mark in Colin Atkinson’s longest con.

Her first reaction will likely be fierce denial. She’ll lash out at Victor, accuse him of fabricating evidence to eliminate a business rival. But how long can that defense hold when Victor starts laying out proof? Financial records showing money flowing from the de Leon family’s accounts? Documentation of the fraud?

Eventually, Jill will have to turn from questioning the messenger to confronting the message itself.

What About Cane’s Role in All This?

The million-dollar question—or in this case, the multi-BILLION dollar question—is exactly how much Cane Ashby knew and when he knew it.

Three scenarios exist, and honestly, ANY of them could be true:

Scenario One: The Manipulated Pawn. In this version, Cane genuinely believes his father is dead and that the questionable “seed money” was a relatively minor con. He’s been building his empire thinking he’s legitimizing dirty money, unaware of the massive scale of the de Leon swindle. This would make Cane a tragic figure—a man trying to escape his father’s shadow while unknowingly living in it.

Scenario Two: The Willing Accomplice. This is the darkest possibility. Cane knows EVERYTHING. He’s fully aware his father might still be alive, knows the entire fortune is stolen from the de Leon family, and his return to Genoa City is a calculated phase of their joint criminal operation. The grief? Performance. The business acumen? Money laundering. The whole “changed man” routine? Theater.

Scenario Three: The Double-Cross. Here’s where it gets really interesting. What if Cane knows his father is alive and helped execute the initial plan—but his endgame is to cut Colin out completely and keep the entire fortune for himself? That would position Cane as a true heir to both Colin’s criminal genius AND Victor’s ruthless ambition. A formidable new villain born from the DNA of two masters.

And honestly? Given how the show has deliberately “rebranded” Cane since Billy Flynn took over the role—with characters constantly saying they “don’t recognize” the man he’s become—I’m leaning toward scenarios two or three.

Is Colin Actually Dead?

Let’s address the elephant in the room that EVERY fan is whispering about: Is Colin Atkinson really dead?

Look, in soap opera land, an off-screen death is basically a written invitation for a shocking return. We’ve all seen it before. And Colin’s entire characterization has been as a master of the long con, someone who stays ten steps ahead and always has an exit strategy.

Plus, didn’t Lily Winters mention on-air that during her last conversation with Colin, his words of repentance felt strange—”as though it was someone else speaking through him”? That’s not throwaway dialogue, people. That’s FORESHADOWING.

If Colin faked his terminal illness and staged that entire deathbed scene to disappear and operate from the shadows while Cane acts as the public face of their criminal empire? That would be the ultimate soap opera twist. It would devastate Jill beyond measure, permanently establish Cane as a master manipulator, and give us one of the most shocking returns in recent daytime history.

The narrative potential is just too delicious to ignore. Imagine Colin revealing himself at a crucial moment—maybe right when Cane’s about to lose everything, or perhaps when he’s successfully cut his father out and Colin comes back for revenge?

My gut says we haven’t seen the last of Colin Atkinson. Not by a long shot.

What Happens Next?

Wednesday’s confrontation between Victor and Jill is just the opening salvo in what’s shaping up to be an all-out war.

Spoilers confirm that on Thursday, October 9, Jill and Lily Winters will confront Victor—likely challenging his sources and demanding proof. But they may also confront Cane directly, forcing him to either defend himself or come clean about what he really knows.

Meanwhile, Cane isn’t sitting idle. He’s been actively recruiting allies like Phyllis Summers to his cause, building a counter-coalition against the Victor/Jack alliance. This corporate cold war is about to heat up FAST.

And here’s what makes this so deliciously complicated: Billy Abbott is caught in the middle. As Jill’s son and someone who’s been wary of Cane from the start, where will his loyalties fall when the truth comes out? Will he support his mother through her emotional devastation, or will he join Victor and Jack in bringing Cane down?

The alliances in Genoa City are about to get VERY interesting.

The Emotional Fallout

Beyond the corporate maneuvering and criminal allegations, what strikes me most about this storyline is the profound emotional betrayal at its core.

Jill Abbott is one of the strongest, most resilient characters in Genoa City. She’s survived decades of corporate battles, personal heartbreak, and family drama. But this? This attacks her in the most vulnerable place possible—her cherished memories of a man she loved despite all his flaws.

If Victor’s allegations prove true, Jill won’t just be mourning the loss of Colin all over again. She’ll be mourning the loss of the HOPE that he’d changed, that his redemption was real, that their love meant something in the end.

And that’s the kind of devastating emotional territory that makes for compelling drama.

What Do YOU Think?

Do you believe Victor’s allegations about the de Leon family? Was Colin’s deathbed scene the real deal or the performance of a lifetime? Is Cane an innocent victim of his father’s crimes or a willing participant in a massive swindle?

And here’s the BIG question: Is Colin Atkinson really dead, or is he pulling strings from the shadows?

The October 8 episode is going to be EXPLOSIVE, and I cannot WAIT to see how Jill handles Victor’s bombshell. Something tells me Wednesday’s episode will have us all picking our jaws up off the floor.

Because in Genoa City, the past never stays buried for long. And secrets? They ALWAYS come out—usually at the worst possible moment.

Stay tuned, Y&R fans. This is just the beginning.

Don’t miss our latest The Young and the Restless spoilers for more twists and turns.