“We don’t have sufficient cash to pay again all of our collectors and the U.S. Trustee … says that we must always spend tens and even a whole lot of thousands and thousands of {dollars}” on a report, stated James Bromley of FTX’s legislation agency, Sullivan & Cromwell. There may be “no proof that any of these professionals or this examiner to be appointed can be any extra impartial” than the corporate’s personal employees and employed consultants, Bromley added. FTX’s new chief govt, John J Ray III, had beforehand cited $90 million to $100 million as a typical value for an examiner’s report, primarily based on his expertise working with corporations corresponding to Enron.