Those are some candid remarks by the new CEO.

"I have over 40 years of legal and restructuring experience. [...] Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated[1] and potentially compromised individuals, this situation is unprecedented."[2]

I am really looking forward to the next Matt Levine column going through this filing!

[1] Ouch that hurts. At least you want to go down in history as a criminal mastermind!

[2] https://pacer-documents.s3.amazonaws.com/33/188450/042020648...