ICYMI: 11.21.22

Former FTX CEO facing investigations

The Manhattan U.S. Attorney’s office is investigating FTX for lending out customer funds to Alameda research without investors’ consent.

John J. Ray III, who oversaw the liquidation of Enron Corp, is FTX’s newly appointed CEO. Ray stated in regard to FTX’s situation, “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.

Theranos Founder Holmes sentenced to 11 years in prison

Theranos Founder Elizabeth Holmes was sentenced to 11 years in prison after being convicted of investor wire fraud conspiracy.

Apple looking to buy U.S.-made chips

Apple is looking to procure chips from a factory under construction in Arizona.