FTX used corporate funds to purchase employee homes, new filing shows

Post by [deleted] » Thu, Nov 17, 2022, 4:40 PM UTC

unmole wrote: post #15

testplzignore wrote: post #7

I would guess that the accounting firm that did the audit will be going the way of Arthur Andersen after the Enron scandal. And how many of their clients also have "interesting" financials?

> The FTX Group received audit opinions on consolidated financial statements for two of the Silos – the WRS Silo and the Dotcom Silo – for the period ended December 31, 2021. The audit firm for the WRS Silo, Armanino LLP, was a firm with which I am professionally familiar. The audit firm for the Dotcom Silo was Prager Metis, a firm with which I am not familiar and whose website indicates that they are the “first-ever…

Post by lelandfe » Thu, Nov 17, 2022, 4:43 PM UTC

bluedevil2k wrote: post #10

55555 wrote: post #4

The new CEO of FTX states that FTX had no accounting department. lol. > “The Debtors do not have an accounting department,” Ray wrote, stating he expected it would be “some time” before reliable financial statements could be prepared.

This shouldn’t be surprising at all after seeing their balance sheet with round numbers like $5,000,000,000 in assets and $12,000,000,000 in liabilities. It looked like SBF made it in Excel while his LoL game was loading.

Post by bombcar » Thu, Nov 17, 2022, 4:50 PM UTC

emehex wrote: post #22

bombcar wrote: post #13

Earlier quoted context omitted.

I want that XLSX file. I want to print out that spreadsheet for my bedsheet. It's a work of art; it should be hung in every office in the country as a reminder.

Here it is! https://d1e00ek4ebabms.cloudfront.net/production/7ab64a3b-6c...

Post by weezin » Thu, Nov 17, 2022, 4:53 PM UTC

emehex wrote: post #22

bombcar wrote: post #13

Earlier quoted context omitted.

I want that XLSX file. I want to print out that spreadsheet for my bedsheet. It's a work of art; it should be hung in every office in the country as a reminder.

Here it is! https://d1e00ek4ebabms.cloudfront.net/production/7ab64a3b-6c...

Post by belter » Thu, Nov 17, 2022, 4:55 PM UTC

emehex wrote: post #22

bombcar wrote: post #13

Earlier quoted context omitted.

I want that XLSX file. I want to print out that spreadsheet for my bedsheet. It's a work of art; it should be hung in every office in the country as a reminder.

Here it is! https://d1e00ek4ebabms.cloudfront.net/production/7ab64a3b-6c...