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Who is John J. Ray III, FTX’s new chief executive?

submitted by tnewsline to news 2.4 yearsDec 13, 2022 11:54:58 ago (+3/-5)     (news)

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 of the energy trading firm Enron after an accounting scandal in 2001.

Mr. Ray, 63, took over the collapsed cryptocurrency exchange FTX after its chief executive, Sam Bankman-Fried, resigned last month. Mr. Bankman-Fried was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges, and on Tuesday the Securities and Exchange Commission charged him with misleading big investors

https://tnewsline.com/2022/12/13/technology/who-is-john-j-ray-iii-ftxs-new-chief-executive/


2 comments block


[ - ] ilikeskittles 0 points 2.4 yearsDec 13, 2022 14:24:25 ago (+0/-0)

SBF was arrested so he wasn’t talking to Congress. Because all the demshits are in on that fraud.

[ - ] Glowbright 0 points 2.4 yearsDec 13, 2022 12:15:49 ago (+0/-0)

He is the guy that is brought in to clean up and bury evidence. One or two sacrificial lambs will be sent to prison. Debts will be settled for pennies on the dollar and the steal will be complete.

And its gone