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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.
Dec 13, 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,...
Nov 26, 2022 · John J. Ray III, a 1976 graduate of the former St. Joseph’s Central High School in Pittsfield, is a lawyer who has long parachuted, with teams of experts, into high-profile corporate disasters, including the failure of Enron and Nortel.
Nov 11, 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...
- elizabeth.napolitano@coindesk.com
- 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...
Nov 17, 2022 · BY Michelle Chapman and The Associated Press. November 17, 2022, 6:07 AM PST. Former FTX CEO Sam Bankman-Fried. Alex Wong—Getty Images. The new CEO of the collapse cryptocurrency trading firm FTX,...
Nov 23, 2022 · UNIDENTIFIED NEWSCASTER #3: Its new CEO is John Ray III, who helped manage the notorious energy firm Enron after its collapse in an accounting fraud scandal in 2001. GURA: Investors in FTX...
