FTX bankruptcy: A complete failure, worse than Enron
In his first FTX bankruptcy declaration, former Enron Chairman John J. Ray III described “a complete failure of corporate controls.”
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Show Notes
FTX chief exec, John J. Ray III, has filed his first declaration in the bankruptcy of FTX, FTX US, Alameda Research, and related entities. Ray, who had served as Chairman of Enron during its bankruptcy, stated that he’d never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information.”
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