Exec who cleaned up Enron calls FTX mess “unprecedented”
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 […]
