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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 · 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, including the implosion...
Der derzeitige FTX-CEO und Restrukturierungsbeauftragte John J. Ray III wehrt sich gegen Behauptungen seines Vorgängers Sam Bankman-Fried (SBF), dass die Kunden beim Zusammenbruch der Krypto-Börse im Jahr 2022 kein Geld verloren hätten.
- Auditors Headquartered in The Metaverse
- Corporate Funds Used to Buy Homes in The Bahamas
- Bankman-Fried Slammed For 'Erratic and Misleading' Statements
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...
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.
- Sujeet Indap
11. Nov. 2022 · John Jay Ray III, who led disgraced energy titan Enron through rocky bankruptcy proceedings and a slew of settlements in the early-mid 2000s, has taken over as CEO at beleaguered crypto...
Vorübergehende Insolvenz. Am 11. November 2022 meldeten FTX sowie etwa 130 weitere mit FTX.com, FTX US und Alameda Research Ltd. verbundene Gesellschaften im Staat Delaware Insolvenz nach Chapter 11 an. Bankman-Fried trat als CEO zurück. [14] Er wurde ersetzt durch John J. Ray III.
