FTX’s new boss said the firm’s corporate governance under disgraced ex-CEO Sam Bankman-Fried was the worst he’s seen in his career — including his stint cleaning up the mess at Enron.
FTX CEO John Ray III — an insolvency expert who steered energy firm Enron through its infamous $23 billion bankruptcy following a massive accounting scandal — ripped his predecessors in a scathing court filing on Thursday.
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,” Ray said, according to the Financial Times.
“From compromised systems integrity and faulty regulatory oversight abroad to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,” Ray added.
And the CROOKED DEMOCRAT PARTY Got ALL the $$$$$$$$$$ & was in on it !!!!!!