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FTX: Filing reveals staggering mismanagement inside crypto empire
New York CNN Small business — A new courtroom submitting about Sam Bankman-Fried’s bankrupt firms reveals a crypto empire that was colossally mismanaged and most likely fraudulent — a “complete failure of corporate controls” that eclipses even that of Enron. “Never in my career have I viewed these types of a finish failure of corporate controls and this kind of a complete absence of honest financial info as transpired here,” FTX’s new CEO, John J. Ray III, wrote in a court submitting Thursday. He beforehand oversaw Enron’s liquidation in the 2000s, amongst other personal bankruptcy situations. Now, Ray is overseeing an “unprecedented” mess, by his personal account, in the collapse…