3 Scandals, No Water.

News Items special mid-afternoon edition.

Nov 17, 2022

∙ Paid

1. Scandal #1, via Financial Times:

Sam Bankman-Fried’s failed FTX business empire misused customer funds and lacked trustworthy financial statements or any real internal controls, according to the new boss of the collapsed $32 billion crypto exchange.

John Ray III, a veteran insolvency professional who oversaw the liquidation of Enron, said in a US cour…

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