- FTX used corporate funds to purchase homes for the benefit of employees, a bankruptcy filing from new CEO John Ray III said.- Ray torched the lack of financial controls at FTX, calling the heart of Sam Bankman-Fried's empire lacking in "corporate controls" and absent of "trustworthy financial information."In a declaration to the court, newly appointed FTX CEO John Ray III said that a lack of disbursement controls meant accounting for spending was done in a way that was not "appropriate for a business enterprise."A penthouse home in the same private complex that Bankman-Fried and other FTX executives lived in was listed for just under $40 million a few days ago.Ray, who oversaw Enron's bankruptcy proceedings and restructuring, declared he had 40 years of experience in the bankruptcy and corporate space."