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By Staff Reporters
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FTX’s New Chief Executive Officer?
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John J. Ray III (born January 1959) is an American attorney and insolvency professional. He specializes in recovering funds from failed corporations. He was appointed CEO of cryptocurrency exchange FTX in the aftermath of its November 2022 collapse.
MORE: https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-rayj-20221213.pdf
He previously served as chairman of Enron Creditors Recovery Corp., a company tasked with recovering creditor funds from Enron in the wake of its accounting scandal and subsequent collapse. He also worked on the bankruptcies of Nortel, Residential Capital, and Overseas Shipholding.
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: "Ask-an-Advisor", Accounting, Alternative Investments, Breaking News, Glossary Terms, Health Economics, Information Technology, Investing | Tagged: crypto, crypto-currency, FTX, John J. Ray III, John R. Ray, John Ray |
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FTX
Billionaire investor Bill Ackman took to Twitter this week to remind us all that while it sure might look like ex-FTX CEO Sam Bankman-Fried’s business strategy primarily consisted of playing League of Legends while quietly stealing customer funds, SBF hasn’t actually been convicted of anything yet.
Ackman said his commitment to the presumption of innocence was forged by his own experience as the target of investigations by then-New York prosecutor Eliot Spitzer and the SEC, which ultimately found no wrongdoing but still tarnished his rep.
Clare
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