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New chief calls FTX’s corporate control a ‘complete failure’

Por: The Boston Globe Business November 18, 2022

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Before he took charge of the collapsed cryptocurrency exchange FTX last week, John Jay Ray III helped manage the aftermath of some of the largest corporate failures in history, including the implosion of energy trading firm Enron after an accounting fraud scandal in 2001.But the corporate dysfunction at FTX, he said Thursday, is the worst he has ever seen.In a blistering court filing, Ray described an astonishing level of disarray and said he... + full article



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