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'Risk' broker may not return investor funds
There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.
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Nesbitt and team claim title in Brazil's pro league
NATIONAL team member David Nesbitt claimed his second consecutive Novo Basquete Brasil (NBB) championship in as many years.
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Dames, Lightbourne to join Panthers prep programme
THE BC Christian Prep Panthers basketball programme is establishing itself as a pipeline for Bahamian talent and will add another pair of local student-athletes.
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Tobacco start-up targets up to $10m first year sales
A Bahamian-owned tobacco manufacturing start-up yesterday said it was targeting $5-$10 million in first year gross sales, but warned this and employee hires could be “significantly impacted” if no Excise Tax exemption was forthcoming.
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Bahamas ends up 5th overall at Caribbean Amateur Jr Golf Championships
SQUARED off against the best junior golfers in the region, the Bahamas fell one spot off their pace in recent years.
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BVI court criticises Bahamas liquidators
The Bahamian liquidators for an alleged multi-million dollar international fraud have been blasted by a British Virgin Islands (BVI) judge over a “remarkable” and “gratuitous” agreement with a BISX-listed broker/dealer.
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Broker ‘acted in good faith’ on $400m fraud
A BISX-listed company’s principal, and its main broker/dealer subsidiary, are demanding that a US federal lawsuit against them be dismissed because they “acted in good faith and did not receive ill-gotten profits” from an alleged $400 million financial fraud.
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BISX-listed firm’s $5m ‘recapitalise’ after SEC settles
A BISX-listed company will have to undergo a $5 million ‘recapitalisation’ as a result of the deal struck by its principal and main subsidiary to settle a lawsuit against them by US federal regulators.
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Court 'quashes' Commission probe into BISX firm's broker
The Securities Commission is appealing a court verdict that “quashed” its bid to assess the solvency of a BISX-listed company’s broker/dealer affiliate, which is embroiled in an ongoing $340 million fraud probe.
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BUSINESS BITES: Joplin recovered from tornado - so can we from 2019 Dorian?
In the Tornado Alley states of the USA, tornadoes, large and small, are too frequent to be named. Only the worst are identified for the official records — like Joplin in 2011.
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‘We’ll help - but don’t try to land’: Govt signals it won’t allow cruise ships to send anyone here
THE Bahamas government signalled yesterday that it will not accept people infected with COVID-19 from ships stranded in Bahamian waters despite a US Coast Guard bulletin that foreign-flagged vessels should seek help from countries in which they are registered.
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Fishermen Rescued at sea after engine problems
THANKS to joint efforts of the Royal Bahamas Defence Force and local fishermen, two fishermen are grateful to be alive today after being missing for several hours when their 17-foot white Boston whaler developed engine problems.The men left to go fis
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Bahamian companies wait two years for $1m fraud recovery pay
Bahamian companies battling to recover assets lost in a $400 million financial fraud are experiencing “financial stress” themselves because they have not been paid almost-$1 million due for two years’ work.
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Fredrick King and Bluejays sweep Summer of Thunder
Bahamian Fredrick King and his Creighton Bluejays men’s basketball team have completed their mission here with a three-game sweep of their matches played this week in the Bahamas Basketball Federation’s Summer of Thunder.
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Scotiabank named as Bahamas leader
Scotiabank says it has been named as The Bahamas’ “Bank of the Year 2019” by The Banker magazine, a Financial Times publication. “We are proud of the initiatives launched during the past year, which will provide customers with more convenient and ef
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TOUGH CALL: When parliamentary privilege was on the other foot
According to Fred ‘This is War’ Mitchell, he will not be bound by any court of law when it comes to what he considers to be his unqualified right to say and do whatever he pleases in Parliament.
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Benchmark 'guarantees' subsidiary's solvency
A BISX-listed company has upgraded support for its main broker/dealer subsidiary to a guarantee that will ensure it remains financially solvent until end-April 2015, in a bid to assuage the Securities Commission’s ongoing concerns.
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Coleby and Hilltoppers advance with 79-62 win in NIT opener
Dwight Coleby and the Western Kentucky Hilltoppers advanced with a dominant win in the opening round of the National Invitational Tournament.
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No consumer respite despite inflation ease
As the tide of inflation in The Bahamas seems to be ebbing, it prompts reflection on what this means for the average Bahamian’s wallet.
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Bahamian connection turning heads with BC Prep Panthers
THE Bahamian connection with the British Columbia Prep Panthers continues to deliver a series of impressive performances as the programme establishes itself as a pipeline for local talent. The Panthers - with Joshua Dames, Bradley Lightbourne, D’Ant
