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(Yahoo)   FTX: sure, we acknowledge that there was "fraud, dishonesty, incompetence, misconduct, mismanagement, and irregularity" in how the company was run, but really, there is no need for the DOJ to investigate, we got this, trust us   (news.yahoo.com) divider line
10
    More: Unlikely, Internal Revenue Service, Federal Bureau of Investigation, United States Department of the Treasury, Law enforcement agency, IRS tax forms, U.S. Department of Justice request, U.S. Bankruptcy Judge John Dorsey, independent investigation  
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405 clicks; posted to Business » on 26 Jan 2023 at 7:46 PM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



10 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
neapoi [TotalFark]
2023-01-26 4:50:25 PM  
Nail these farks to the wall. Forget their location.
 
OptionC [TotalFark]
2023-01-26 5:41:15 PM  
This is the new CEO who was brought in to unwind the company, investigate the malfeasance of previous management (SBF) and recover assets for the creditors.  What he's opposing is not criminal investigations but rather a separate court appointed examiner because it would cost more than it would recover:

FTX's new CEO, John Ray, who worked with court-appointed examiners while leading Enron Corp and Residential Capital through bankruptcy, is prepared to testify that examiners in those two cases cost a combined $150 million and provided "minimal" benefits to creditors, FTX said.

But talk about burying the lede here, wow:

FTX also on Wednesday night filed a new list of creditors in bankruptcy court, which included financial watchdogs and government agencies from the United States, Japan and Switzerland
 
brantgoose [TotalFark] [OhFark]
2023-01-26 6:50:56 PM  
Another George Santos enterprise, I presume?
 
Three Crooked Squirrels [TotalFark]
2023-01-26 6:54:49 PM  
s.yimg.comView Full Size


I think I'm looking at at least a "B" cup.
 
Forbidden Doughnut
2023-01-26 7:56:03 PM  
At the very least, I hope SBF's 'fro gets shaven off in prison...
 
GregInIndy
2023-01-26 8:09:13 PM  
That's friggin' hilarious.

You can ask the DOJ not to investigate & prosecute their crimes all you want. It's still going to happen.
 
OptionC [TotalFark]
2023-01-26 8:10:34 PM  

GregInIndy: That's friggin' hilarious.

You can ask the DOJ not to investigate & prosecute their crimes all you want. It's still going to happen.


This isn't about the crimes, it's about asset recovery.  The criminal investigation will happen on its own
 
H31N0US
2023-01-26 8:36:13 PM  
He's a modern day JP Morgan!
 
Target Builder
2023-01-26 8:48:51 PM  
"FTX opposes new bankruptcy investigation"

That's an option?!
 
LordJiro [OhFark]
2023-01-26 11:45:15 PM  
Yeah, FTX farked over people with actual money, including (almost certainly) organized crime groups using crypto to launder money. They're not gonna squirm out of this; pissing off the big money is the only way corporations ever really face consequences.
 
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