Andy Barr tweeted the following:
"Ray: So, we know the source of their funding was from the FTX group, so they were separate ownership, but not separate funding.Barr: So commingled assets in that case as well?Ray: Absolutely."Read on Twitter
Here are other recent tweets from Andy Barr:
"Barr: Was the FTX foundation and other not for profit, ostensibly not for profit, entities, were they completely separate from any of the for-profit entities?Ray: They were owned by Sam Bankman-Fried; I cant tell you they were separate because they got funds from Alameda."Read on Twitter
"John Ray, who is leading the FTX bankruptcy, testified in response to my questioning that FTX commingled customer funds with the FTX Foundation and affiliated nonprofits to advance SBFs vanity projects and progressive causes WATCH or READ"Read on Twitter
"Today, the @FinancialCmte will dissect the disastrous FTX collapse. Up to 1 million creditors, $8B lost for investors in what looks to be one of the biggest scams in American history. We will get to the bottom of this historic failure."Read on Twitter
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