Shortly after this man was hired as general counsel for Fruit of the Loom, he oversaw the sale of $835 million in assets in the first of several high-profile bankruptcies he has since managed. For 10 points each:
[10h] Name this attorney who has specialized in liquidating companies such as Nortel and Residential Capital. In November 2022, he was appointed as CEO of the cryptocurrency exchange FTX.
ANSWER: John Ray [accept John J. Ray III]
[10m] In 2004, Ray also led the effort to recover assets for creditors of this energy company, whose“mark-to-market” accounting helped contribute to its 2001 bankruptcy.
ANSWER: Enron Corporation
[10e] Ray succeeded this former CEO and founder of FTX, who lent $10 billion of customer funds to Alameda Research shortly before being arrested in the Bahamas.
ANSWER: Sam Bankman-Fried [accept SBF]
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