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The Lenox restaurants owned by Ryan Salame, Sandisfield resident and co-CEO of the once $32 billion dollar but now bankrupt cryptocurrency exchange FTX, seem to be operating at full steam despite the financial uncertainty of their owner.
It’s “business as usual” at his two operating restaurants in Lenox, the Olde Heritage and Firefly. The outcome for the rest of the properties remains to be seen.
Those lessons are landing hard around the country, from D.C. to Wall Street to FTX's compound in the Bahamas. Hopefully they don't land too hard here in our Berkshire backyard,
John Ray III, in a filing with the U.S. bankruptcy court, said there was a “complete absence of trustworthy financial information” in the group that employed Ryan Salame as CEO
Potential ripple effects, or worse, on Ryan Salame’s multiple restaurants and real estate holdings in Lenox remain unclear, as his local business ventures are shielded in a half-dozen limited liability