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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,...
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Sep 14, 2023 · Fact Checked. by Ish Bautista. 1 April 2024, 21:13 GMT+0000. On Nov. 11, 2022, FTX announced that it had appointed John J. Ray III as the group’s new CEO following FTX founder Sam Bankman Fried’s resignation. Mr. Ray has experience in handling the aftermath of various high-profile corporate failures.
- John J. Ray III currently works for FTX, taking over from Sam Bankman-Fried as the CEO of the company. His main role is to recover assets to compen...
- John J. Ray III is the new CEO of FTX. He has held the position since November 2022. A seasoned attorney with expertise in corporate restructuring,...
- John J. Ray III is being paid by FTX's customers and creditors an hourly rate of $1,300 plus "reasonable expenses" for his work as the CEO of FTX.A...
- John Ray is known for his work at Enron and other corporate bankruptcy cases, where he recovered funds for investors and creditors. Other than the...
On November 17, John J. Ray III, the CEO brought in as a liquidator, stated in a sworn declaration submitted in bankruptcy court that, according to FTX's records, its subsidiary Alameda Research had on September 30 lent $1 billion to Bankman-Fried and more than $500 million to FTX co-founder Nishad Singh.
Nov 18, 2022 · Key points: FTX's administrator told a US court he had never seen "such a complete failure of corporate controls" John J. Ray III said most of the group's accounts were unaudited and some subsidiaries did not have financial accounts at all. He said a "substantial portion" of the estate's property may be missing or stolen.
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...
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 accounting fraud scandal...
