Want to create an interactive transcript for this episode?
Podcast: Raoul Pal: The Journey Man
Episode: New CEO Ray: FTX Beats Enron’s Bottom
Description: "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," writes John Ray, the new CEO of bankrupt crypto exchange FTX, in a court filing. With 40 years of experience cleaning up bankrupt companies, including Enron, Ray knows what he’s talking about. Jeremy Varlow and Ash Bennington take up the increasingly fetid picture of Sam Bankman-Fried’s monstrosity with the CEO of crypto exchange Bitstamp, Bobby Zagotta, the CEO of crypto exchange Bitstamp, and Mathias Imbach, a co-founder and Group CEO of Swiss-based digi...