Posted on 11/17/2022 10:41:15 AM PST by zeestephen
Newly appointed FTX CEO John Ray III...wrote that part of his remit would be to implement controls and basic corporate standards such as "accounting, audit, cash management, cybersecurity, human resources, risk management, data protection and other systems that did not exist, or did not exist to an appropriate degree, prior to my appointment."
(Excerpt) Read more at cnbc.com ...
Will not help. The forensic auditors are going to have an easy time with this. It seems the criminal activities were not obfuscated in an intricate way.
Rostin Behnam, the Chairman of the CFTC, had to have known what was going on ....
FOLLOW THE MONEY.........................
All we can hope for is the Clawback’s will be brutal.
Money corrupts. I don’t know what the real story here is with Dr Gold but it shouldnt be too hard to prove whether the allegations are true
Internal Strife at America’s Frontline Doctors: Simone Gold Accused of Misusing $$$
https://www.medpagetoday.com/special-reports/exclusives/101640
We know these little shits have billions in crypto squirreled away on thumb drives.
“ accounting, audit, cash management, cybersecurity, human resources, risk management, data protection and other systems that did not exist”
That’s the beauty of cryptoscam - you don’t need all that stuff
The only wife-eyed innocent thing that he did was to make it so easy to track the fraud and theft. Maybe he was counting on the Rats he was funneling money to to cover up for him.
Do USA criminal statutes extend to something as novel and as nebulous as crypto-currency?
"43,000"
He did everything right. The democrats all got their cut. Only Soros gave the democrats more cash. His mistake was bribing the Clinton’s and Obama’s to hang out “with the cool kids.” Their egos wouldn’t allow some snot nose geek to take on the “effective altruism” money laundering scams run by CLinton and Obama.
A failure of corporate controls? From what I have read, there were no corporate controls.
That horse boke out of the barn and died of old age.
Beat me to it. :-)
Is this new CEO one of the upper echelon that had group sex with in the building during work hours led by the former CEO?
“Do USA criminal statutes extend to something as novel and as nebulous as crypto-currency?”
If they sold crypto for actual money, then yes of course they extend to it. Fraud is fraud.
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