Hints and tips:
...Framed as an ode to the people who couldn’t escape the city, there’s a twist: it’s deliberately unclear who wrote what....
...John Ray III, the insolvency expert newly installed as chief executive, said he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information...
...The contrast is stark between the besuited Ray, 63, and his predecessor at FTX known for his T-shirts, board shorts and a shrub of curly hair....
...“No matter how old you are, you are always wearing your Levi’s or your Ray-Bans. So this is where we are hoping to land,” he says....
...“I wouldn’t be a big buyer of banks . . . I’d be no better than equal weight.”...
...John Ray III, the executive running FTX through its messy bankruptcy, has filed another interim report about misuse of customer funds....
...“We can’t see us living anywhere else,” he says. Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...III....
...But in his First Day Declaration, new FTX CEO John Ray said that FTX suspended its auto-liquidation requirements for Alameda....
...One leading UK architect, who didn’t wish to be named, confessed over email that for him the whole thing had “a slightly creepy ‘now this won’t hurt a bit, just a leetle bit of gentle density’ vibe to it...
...One where basic questions are asked and where tried-and-tested aphorisms are kept in mind, not least: don’t believe the hype....
...Following the bankruptcy filing, Bankman-Fried was replaced as chief executive of FTX by John Ray III, a restructuring expert who represented plaintiffs in the Bernard Madoff and Allen Stanford frauds and...
...John Ray III, the current CEO of bankrupt crypto exchange-cum-prop trading firm FTX, wrote to the Delaware bankruptcy court in November: “Never in my career have I seen such a complete failure of corporate...
...John Ray III, who took over as FTX chief, said the deal was an “example of our continuing efforts to monetise assets to deliver recoveries to stakeholders”....
...Bankman-Fried already signed the papers signing over control of FTX and more than 100 subsidiaries to John J Ray III, who is representing them in Delaware bankruptcy court. Except!...
...Until recently, my interest in scale models hadn’t stretched to an ability to build them very well....
...The most colourful lines came from John Ray III, FTX’s court-appointed chief executive, who trashed SBF’s management in a lengthy testimony before Congress....
...Sullivan was hired quickly when FTX collapsed in early November because of its bankruptcy, regulatory and investigative expertise . . . and because it was first on the scene, which even John Ray III, the...
...Bankman-Fried’s sprawling group centred on the now bankrupt crypto exchange FTX, whose collapse its new boss John Ray III described as the worst case of corporate failure that he had seen in his 40-year...
...New FTX chief John Ray III laid into FTX with ferocity....
...The crypto group’s Fanatics investment is now part of the FTX bankruptcy estate that the company’s new boss John Ray III, Sullivan & Cromwell and bankers at Perella Weinberg Partners are looking to monetise...
...When a grizzled veteran like John Ray III, FTX’s new chief executive, discloses the firm used QuickBooks for accounting, the punk, do-it-yourself ethos loses its charm....
...It won’t be FTX....
...Yet Bankman-Fried’s successor at FTX, John Ray III, said he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information”....
...Collapsed crypto exchange FTX could potentially reopen if its new management can sort through the mess and return money to its customers and creditors, the group’s new chief John Ray III told the Wall Street...
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