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2022-11-19 -Lurid Crime Tales-
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Expert Who Oversaw Enron Bankruptcy Says He's Never Seen ‘Such a Complete Failure' as FTX
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[Breitbart] John Ray III, the newly appointed CEO of FTX who previously oversaw the restructuring of the infamous energy company Enron, says that he has never before seen "such a complete failure" of corporate controls as he has with FTX.
CNBC reports that FTX Chief Executive Officer John Ray III was blunt in a declaration to the U.S. Bankruptcy Court for the District of Delaware, stating that "in his 40 years of legal and restructuring experience," he had never seen "such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here."
After the Enron implosion, Ray served as the company’s CEO. He says that he now plans to work with regulators to investigate FTX founder and democrat super donor Sam Bankman-Fried. Ray’s filing says that FTX and Alameda Research’s hastily created balance sheets were "unaudited and produced while the Debtors [FTX] were controlled by Mr. Bankman-Fried." 
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Posted by Besoeker 2022-11-19 00:13||
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Posted by NN2N1 2022-11-19 06:55||
2022-11-19 06:55||
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Posted by Procopius2k 2022-11-19 07:55||
2022-11-19 07:55||
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