This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 14, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance app for Apple or Android.Yahoo Finance App. Sam Bankman-Fried, the disgraced founder and former CEO of FTX, has had a bad… Source link
Read More »FTX lawyers tell bankruptcy court the company became SBF’s ‘personal fiefdom’
Lawyers representing FTX in the firm’s Chapter 11 bankruptcy proceedings called the company’s swift demise earlier this month “the most abrupt and difficult collapse in the history of corporate America” in comments before a Delaware bankruptcy court Tuesday. “Your honor, what we have is a worldwide organization that was run effectively as the personal fiefdom of Sam Bankman-Fried,” James Bromley, newly appointed counsel to FTX’s new management, said. Substantial investments, according to… Source link
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