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John J. Ray III (born January 1959) is an American attorney and CEO who specializes in recovering funds from failed corporations. He was appointed CEO of cryptocurrency exchange FTX in the aftermath of its November 2022 collapse.
13. Dez. 2022 · Dec. 13, 2022. John Jay Ray III, a lawyer who specializes in restructuring troubled companies, has helped to manage the fallout from some of the largest corporate failures in history,...
- Auditors Headquartered in The Metaverse
- Corporate Funds Used to Buy Homes in The Bahamas
- Bankman-Fried Slammed For 'Erratic and Misleading' Statements
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Indeed, much remains unverified by the man now appointed as chief executive officer of the FTX group, who took the place of Mr Bankman-Fried when the business entered chapter 11 bankruptcy on November 11. Mr Ray's report is dotted with the following phrase: "Because this balance sheet was produced while the debtors were controlled by Mr Bankman-Fri...
Mr Ray said his initial investigations made it clear that there was a great risk that money had been misappropriated from the firms. "The debtors did not have the type of disbursement controls that I believe are appropriate for a business enterprise," he explained to the court. "In the Bahamas, I understand that corporate funds of the FTX Group wer...
However, Mr Ray also praised the "extraordinary efforts" of a group of FTX employees who have assisted him since he took over. "It is my view based on the information obtained to date, that many of the employees of the FTX Group, including some of its senior executives, were not aware of the shortfalls or potential co-mingling of digital assets," h...
John J. Ray III, the new CEO of FTX, says the cryptocurrency exchange has a \"complete failure of corporate controls\" and \"unreliable financial information\". He accuses Sam Bankman-Fried, the former CEO, of making \"erratic and misleading\" statements and misusing corporate funds.
11. Nov. 2022 · John Jay Ray III, who led Enron through bankruptcy and settlements, is now the CEO of crypto exchange FTX, which faces legal troubles and a Chapter 11 process. Ray has a reputation for being a pit bull and a pitfall for Wall Street interests.
- elizabeth.napolitano@coindesk.com
17. Nov. 2022 · Nov. 17, 2022. John Jay Ray III helped manage the aftermath of some of the largest corporate failures in history, including the implosion of the energy trading firm Enron after an...
- David Yaffe-Bellany
16. Dez. 2022 · John Ray III has built a 40-year career tending to companies hit by epic blow-ups, from Enron to Nortel Networks. But as the new boss of FTX, he may be facing his toughest task yet. Ray took...
13. Dez. 2022 · John J. Ray III, a lawyer who specializes in corporate restructuring, testified for roughly four hours, saying that he was in the early stages of sorting through the exchange to find money...
