The U.S. Department of Justice's bankruptcy watchdog has urged U.S. Bankruptcy Judge John Dorsey, who is overseeing FTX's Chapter 11, to appoint an independent examiner to investigate allegations of "fraud, dishonesty, incompetence, misconduct, and mismanagement" that are "too important to be left to an internal investigation."
FTX attorney James Bromley told Dorsey that an investigation is not appropriate, and allowing new investigators to access its systems could jeopardize the cybersecurity of FTX's ongoing investigation. Ray, who worked with court-appointed examiners while leading Enron Corp. and Residential Capital through bankruptcy, told the court that examiners in those two cases cost US$90 million and $100 million, respectively, but were not useful.
"You literally could hit the wrong key in this environment and destroy millions of dollars in value," he said.
Source: Law Daily Report (lawdailyreport.net)
When will the liberals finally admit that Trudeau is a complete failure?
When are you running a story on the vaccine injured and the people that sadly passed from the vaccines?
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