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The S.B.F. Legal Colonoscopy, Part 2

John J. Ray’s second interim report, filed at the tail end of June to the FTX independent directors and the Delaware bankruptcy court, is a doozy.
John J. Ray’s second interim report, filed at the tail end of June to the FTX independent directors and the Delaware bankruptcy court, is a doozy. Photo: Nathan Howard/Getty Images
William D. Cohan
July 12, 2023

While we await the trial of the century—scheduled for October, if it happens at all—we have at least one man’s view about what Sam Bankman-Fried is alleged to have done. John J. Ray’s second interim report, filed at the tail end of June to the FTX independent directors and in the Delaware bankruptcy court, is a doozy. And yet it artfully delineates the true legal headaches that S.B.F. faces as he remains cooped up in his parents’ Palo Alto ranch house.