Watch VideoJohn Ray, the current CEO of FTX, didn't mince words Tuesday in front of the House Financial Services Committee.
"This isn't sophisticated whatsoever; this is just plain old embezzlement," Ray said. "There's a lot of titles in the company, but no experience to back it up."
During a hearing that lasted nearly...
FTX CEO Testifies Collapse Was 'Plain Old Embezzlement'
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