Who is John Ray?

John Ray, FTX's new CEO, handled the bankruptcies of Enron and Nortel. But he says the mess he has inherited is "unprecedented." The new CEO of the collapsed cryptocurrency exchange FTX has been brought in to clean up big messes before. We're talking Enron big.

Who is FTX CEO John Ray III?

John J. Ray III (born January 1959) is an American attorney and CEO who specializes in recovering funds from failed corporations. He was appointed CEO of cryptocurrency exchange FTX in the aftermath of its November 2022 collapse.

Why did John Ray III file bankruptcy?

John Ray III, in a filing with the U.S. bankruptcy court for the district of Delaware, said there was a “complete absence of trustworthy financial information.” “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,” Ray said.

What did John Ray do for Enron?

John Ray handled the liquidation of Enron's operations and successfully put more than $20 billion back into the hands of investors. A few years later, in 2003, he was called back to fight a civil lawsuit against Deutsche Bank, Citigroup, and other banks accused of manipulating Enron's finances.