The new CEO of the collapsed cryptocurrency trading firm FTX, who oversaw Enron’s bankruptcy, said he has never seen such a “complete failure” of corporate control.
John Ray III, in a filing with the U.S. bankruptcy court for the district of Delaware, said there was a “complete absence of trustworthy financial information.”
Ray was named CEO of FTX less than a week ago when the company filed for bankruptcy protection and its CEO and founder Sam Bankman-Fried resigned.
Source: AP – All contents copyright 2022 Associated Press. All rights reserved.
NEW YORK (AP) — Kevin Costner can comfortably boast of being television's biggest star right now. His 'Yellowstone' returned for a fifth season on Sunday, and even though it was on a cable network, it was the most-watched episode of scripted television on TV this fall. The Paramount network Western reached 12.1 million viewers, when you count in simultaneous showings on other Viacom-owned cable networks. One expert called it the […]
