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A comment on Exec who cleaned up Enron calls FTX mess 'unprecedented'. Parent comment

Re:Exec who cleaned up Enron calls FTX mess 'unprecedented' by iosnoob on Friday November 18, 2022 @01:28PM (#33659412)
What startup deliberately builds back doors to siphon away customer funds with the knowledge of only the founders, and deliberately misleads internal finance folks.

Who "lends" customer funds without any documentation to let founders buy multi million dollar property in their own personal names

This isn't messy, move fast break things of a startup, it's fraud

[ Parent | on HN ]
Re:Exec who cleaned up Enron calls FTX mess 'unprecedented' by danielmarkbruce on Friday November 18, 2022 @01:36PM (#33659586)
It seems so, yes.

But the bankruptcy ceo claims the lack of controls is unprecedented. It isn't. Even good guys building good companies have a lack of controls in place in the early days.

[ Parent | on HN ]