Like a man struck by lightning three times, billionaire oil baron Robert Belfer has the dubious distinction of falling prey to Enron’s corruption, Bernie Madoff’s Ponzi scheme and the implosion of cry...
Tag: Enron
Did Investor Interest In Financial Reporting Peak With Enron?
Near zero interest rates for more than a decade, passive indexing, the rise of machine learning and the absence of an accounting accident since Enron are the key reasons for declining investor interes...
With A New CEO, An Adult Has Arrived To Clean Up The FTX Mess
John J. Ray III, a veteran of Enron, Fruit of the Loom and other bankruptcies, now must pick up the shattered pieces from Sam Bankman-Fried’s chaotic reign. Ina scathing court filing on Thursday, John...
FTX Collapse Similar to Enron Than Lehman Brother- Lawrence Summers
Lehman Brothers was an American financial firm whose bankruptcy led to recession. Enron’s collapse is also in the category of one of the biggest collapses in the market. Lawrence Summers is a well-k...
Former Enron Liquidator Finds ‘Complete Absence of Trustworthy Financial Information’ at FTX
Enron’s liquidator has some choice words for the FTX collapse. John J. Ray III, who was appointed after FTX filed for bankruptcy last week, said he had “never” seen anything like the case in his...
Is the FTX debacle worse than Enron?
The liquidator presiding over the FTX Chapter 11 bankruptcy was also in charge of the Enron liquidation process. He states that the mess at FTX is “unprecedented”. More than 20 years ago, the account...
A complete failure, worse than Enron
FTX chief exec, John J. Ray III, has filed his first declaration in the bankruptcy of FTX, FTX US, Alameda Research, and related entities. Ray, who had served as Chairman of Enron during its bankruptc...
Worse Than Enron: SBF’s FTX Has ‘Complete Absence of Trustworthy Information’
The new CEO of failed crypto exchange FTX has some harsh words for his predecessor, Sam Bankman-Fried. John J Ray III, who previously oversaw restructuring efforts at historic corporate failures such ...
Deterioration Continues As Cratering New Home Construction Threatens To Intensify Shortage
Topline New housing starts fell again in October to the lowest level in more than two years, as higher mortgage rates continue to batter home builder sentiment—prompting experts to warn a recovery sti...
New FTX CEO Says Former Billionaire Bankman-Fried Led ‘Unprecedented’ Failure—’Incessant’ Tweets Undermine Bankruptcy Case
Topline Longtime bankruptcy attorney John J. Ray III, the new CEO of befallen cryptocurrency exchange FTX Trading who led disgraced energy firm Enron after its storied collapse in 2001, issued a scath...
FTX Meltdown Is Crypto Industry’s Version of Enron Implosion, According to Former US Treasury Secretary
Former US Treasury Secretary Larry Summers thinks the recent meltdown of crypto derivatives exchange FTX is a lot like the Enron scandal. In a new interview with Bloomberg, the famous American economi...
The Collapse of Crypto Exchange FTX More Like Enron Than Lehman
Bernstein says there needs to be a distinction made between the centralized custodial players in crypto, namely the exchanges, custodians, and crypto banks, as this is where regulation is coming. This...
Find Here How Larry Summers Compared FTX Meltdown to Enron Scandal
In a recent interview on Bloomberg TV with Larry Summers, on November 11, 2022, he said “A lot of people have compared the FTX meltdown to Lehman. And he would compare it to Enron.” Lawrence (Larry) H...
Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud – Regulation Bitcoin News
Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said th...
Analysis of Alameda and FTX Chapter 11 Bankruptcy Filing
November 11, 2022, 11:39AM EST • 5 min read Quick Take November 11, 2022 Alameda files for Chapter 11 Bankruptcy Protection Alameda estimates there will be funds left over to distribute to the more th...
Enron Guy Brought in to Sort Out the FTX Mess – Trustnodes
The guy who dealt with the Enron mess, and recovered $20 billion for creditors, exceeding expectations as it amounted to 50 pence to the dollar, is now to deal with the biggest bankruptcy of 2022 in t...
Former Enron chairman takes over SBF’s bankrupt crypto cartel
Sam Bankman-Fried’s crypto exchanges FTX and FTX.US, trading firm Alameda Research, and over 100 related entities have declared Chapter 11 bankruptcy. Chapter 11 bankruptcy is focused on reorganizatio...
This is the time when ‘accidents’ like Enron have happened — this JPMorgan quant says yields have peaked and prefers bonds over stocks
The old expression is when the tide goes out, you get to see who’s swimming naked. In financial markets, the tide is going out when central banks are raising interest rates and growth is slowing. That...
Coinbase Embodies ‘Predatory Junkyard That Is Crypto’: Enron Short-Seller Jim Chanos
Famed short seller Jim Chanos had some cutting words about Coinbase’s business model, calling the crypto exchange “symptomatic of the predatory junkyard that is crypto” in an interview with CNBC. He h...
Investor Who Shorted Enron Early Is Betting Against Coinbase
Alex Dovbnya Short-seller Jim Chanos is bearish on Coinbase, whose revenue has plummeted this year due to declining interest in crypto market During a recent podcast appearance, famed short-seller Jim...
‘A lot of people have compared this to Lehman. I would compare it to Enron’: Larry Summers comments on FTX bankruptcy
Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an in...