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CNN The Situation Room With Wolf Blitzer June 4, 2024 23:46:00

Endorsements. bankman-fried saying this in an interview prior to his arrest. look, i should have been on top of this and i feel really, really bad and regretful that i wasn t and a lot of people got hurt. and that s on me. reporter: the securities exchange commission also filing charges tuesday alleging bankman-fried donated millions of investors money to political campaigns in violation of federal election laws adding in a statement, he built a house of cards on a foundation of deception. bankman-fried remains behind bars in the bahamas. the judge saying because he has so much access to money, he is a flight risk. a big question here, wolf, is will these ftx investors see any of this money? john ray iii who helped enron said he s been able to recoup $1 billion but he told congress that or he wasn t clear with congress where that money is going. it s all tied up in bankruptcy proceedings. but it s very unlikely, wolf, that any of the investors will ....

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So-called "audits" of crypto companies are a complete joke, carried out by auditors who don't even understand basic principles of finance or math

FTX's "first day" affidavit has finally hit the docket (22-11068, U.S. Bankruptcy Court for the District of Delaware), and what this reveals, among other things, is that the [.] ....

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New FTX CEO 'Pleased' Many Subsidiaries Have 'Solvent Balance Sheets'; Shreds CEX's Previous Operations

"Accounting, audit, cash management, cybersecurity, human resources, risk management, data protection and other systems that did not exist. prior to my appointment," the new FTX CEO revealed. ....

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Exec handling the FTX cryptocurrency collapse cites 'complete failure of corporate control'

John Ray III, in a filing with the U.S. bankruptcy court, said there was a “complete absence of trustworthy financial information” in the group that employed Ryan Salame as CEO ....

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CNN The Seventies June 4, 2024 03:00:00

Trading this stuff. we need a lot more rules. reporter: and now according to the wall street journal , the justice department and securities and exchange commission are investigating ftx and the man ftx appointed as the new ceo is john ray iii who managed enron after its collapse in an accounting fraud scandal in 2001. brian todd, cnn, washington. thank you for joining me this evening. i m paula reid. good night . i must say to you that the state of the union is not good. will these people, somehow, turn politics into power and make the government work. we are privileged to witness ....

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