The Curious Case of Paul Pelosi Gets MORE Curious | 11/21/22 | The Glenn Beck Program
The Glenn Beck Program
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What Happened to FTX? Is It a Paper Tiger?
The FTX group did not maintain centralized control of its cash. Cash management procedural failures included the absence of an accurate list of bank accounts. Can you imagine this company was running? They didn't even know what their bank accounts were. It goes on to talk about how in the Bahamas, FTX group funds were used to purchase homes and other personal items for employees and advisors. And I think a lot of people probably knew FTX was just a paper tiger too.
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