“I’ve just never seen an utter lack of record keeping. Absolutely no internal controls whatsoever,” said Ray, who took over as Enron’s chairman when the defunct energy giant restructured in the early 2000s.
“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” SEC Chair Gary Gensler said in a statement.
