John Ray continually proclaimed publicly and to the Judge about the enormous losses caused by Sam Bankman Fried before Sam was sentenced. After Sam’s sentencing, on May 7, 2024, John J. Ray stated “We are pleased to be in a position to propose a Chapter 11 (bankruptcy) plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors.” Our piece shows that the rosy assessment that Ray announced in May was deducible – but never acknowledged – from his own public declarations. This pattern merits further investigation.
1 Like