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Mick - Jay Clayton & FTX


HAL1000
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claims from FTX customers for cents on the dollar. Apollo’s “Non-Executive” Chairman of the Board is former SEC Gov Chairman Jay Clayton, also an S&C lawyer who, according to the Financial Times, had dealings with FTX prior to its bankruptcy. Former SEC enforcement attorney John Reed Stark calls these conflicts of interest “highly disturbing” if true. Last week, a group of senators called on a bankruptcy judge to replace S&C with an independent examiner, as the firm had pocketed $20M from FTX, and one of its former partners was the GC at FTX US.

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