FTX: The largest corporate failure in history.

We are back with a new video, FTX: The largest corporate failure in history.

FTX: The largest corporate failure in history john J. Ray III, the newly appointed FTX CEO, stated i have over 40 years of legal and restructuring experience I have been the chief restructuring officer or chief excecutive officer in several of the largest corporate failures in history.

I have supervised situations involving allegations of criminal activity and malfeasance (Enron) nearly every situation in which i have been involved has been characterized by defects of some sort in internal controls, regulatory compliance, human resources and systems integrity never in my career have i seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.

No accounting controls: FTX employees submitted payment request through a chat platforms which were approved with personalized emojis, some corporate funds were used to buy homes and personal items for employees and advisors, according to ray.

No employee records: speaking of FTX employees, Ray said his team is having a hard time piecing together just who worked at the company because they couldn't find an official roster the FTX saga has been one of the most talked about topics in the crypto community this week while the outcome is still uncertain one thing is for sure: many people have lost millions of dollars if you are in financial ruins and need help the law offices of Omer Zambrano can help you today.


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