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A lot happened on December 13 2022 inflation data came out Sam McMan free got arrested in the Bahamas and the new FTX CEO John J Ray III testified before the house committee on financial services to uncover exactly what happened with FTX to bring you up to speed John J Ray III is a lawyer who specializes in the restructuring of troubled companies heamp;#39;s helped manage the Fallout from some of the largest corporate failures in history including the implosion of the energy trading firm Enron after an accounting scandal in 2001. Ray has called FTX a complete failure and that it was worse than Enron he explained that FTX was unusual and that it had no record keeping whatsoever and that employees would exchange invoices and expenses on slack which is a workplace chat room they also use QuickBooks as their accounting software this might remind you of a scene straight out of Breaking Bad and every day more and more information keeps coming out about this FTX disaster so make sure you lik