Story
A COMIC'S VIEW: Christie’s double speak leaves us all none the wiser
There’s an old Bahamian saying that goes “He talking out two mouths”.
Story
Legal threat to $5m benchmark pref equity
Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.
Story
Benchmark denies 'material impact' via client's liquidation
BENCHMARK (Bahamas) yesterday said the Supreme Court-supervised liquidation of one of its key clients would “not have a material impact” on its financial position or “long-term development”, expressing confidence that it would achieve long-term business development goals.
Story
Holowesko victorious
YOUNG Bahamian riders Ella Holowesko, Siena Holowesko, and Tamsin Nottage travelled to Saugerties, New York, with their trainer Mrs Erika Adderley-Coello of Mariposa Stables, to compete at the Marshall & Sterling Insurance League 2016 National Finals this past weekend.
Story
Bahamian pro ball players standout in Europe, Middle East
BAHAMIAN basketball players continue to post standout numbers on their respective circuits throughout professional leagues across Europe and the Middle East.
Story
PETER YOUNG: Small island developing states should speak with one voice
HAVING written only last week about COP26, the UN Climate Change Conference which opens in Scotland in less than one week, I hesitate to return to the subject today for fear of repetition. But there has been a significant new development and it may also be worth reiterating the importance of the conference to Small Island Developing States (SIDS) which include, of course, The Bahamas.
Story
$358m penalty for fraud with Bahamas 'alter ego'
A US judge has imposed a $358 million fine on the perpetrators of an alleged multinational fraud that he found employed a BISX-listed firm’s subsidiary as its “alter ego”.
Story
BISX-listed firm’s affiliate in $75.5m ‘discrepancy’
There is a $75.5 million discrepancy over the sum allegedly held by a BISX-listed firm’s broker/dealer affiliate for a claimed multinational fraud, Tribune Business can reveal, with regulators having seized computers and a server from its downtown Nassau offices.
Story
'Major concern' over BISX listed firm's $5m prefs
The $5 million investment in a BISX-listed firm’s preference shares “is of considerable concern” to the liquidators of its largest client, who have warned that the deal will receive their “continued attention”.
Story
100 farmers hit through tobacco grow 'scrapping'
Up to 100 farmers could be impacted by a Bahamian cigarette manufacturer’s decision to “scrap” its Andros tobacco growing plan, its chairman telling Tribune Business that conventional agriculture will also take a hit.
Story
April creditors meeting urged over major fraud
The Bahamian liquidators of an alleged multinational fraud that has ensnared a BISX-listed firm’s affiliate have applied to the Supreme Court for an Order that the first creditors meeting be held during April 2013.
Story
BISX listee's principal seeks SEC suit dismissal
A BISX-listed company’s principal, and its broker/dealer affiliate, are demanding that a federal regulator’s lawsuit against them be dismissed because the US courts have “no jurisdiction”.
Story
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.
Story
'Severely hampered' over legal action against Alliance
Liquidators for an alleged multi-million dollar Ponzi scheme have been “severely hampered” by a lack of financing in their efforts to recover a $5 million investment, and pursue legal action, against a BISX-listed company’s main affiliate.
Story
Commission forces Benchmark into broker 'guarantee'
BISX-listed Benchmark (Bahamas) has been forced to “guarantee” its broker/dealer subsidiary will meet all financial obligations for “at least 12 months”, after regulators expressed concern over whether it was a ‘going concern’.
Story
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.
Story
Liquidator readies control plan for Alliance accounts
Liquidators for an alleged $340 million Ponzi scheme are planning to apply to the Supreme Court for permission to gain control over six accounts they have been denied access to by a BISX-listed firm’s broker/dealer affiliate.
Story
Chamber chief: ‘Don’t get sidetracked’ over investor confidence
The Grand Bahama Chamber of Commerce’s president yesterday urged the Government “not to get sidetracked” by the furore over the Prime Minister suggesting investor confidence is “waning”.
Story
Record-breaking swimmer leaves hospital for a second time
AUSTRALIAN ultra-marathon swimmer Chloe McCardel was yesterday discharged from hospital in Nassau for a second time after reportedly being re-admitted at the weekend due to “weeping” wounds resulting from her world record swim from the southern tip of Eleuthera to New Providence last week.
Story
EDITORIAL: Another heart-stopper approaches for Mrs May
Since the British people voted by a narrow margin in the 2016 referendum to leave the European Union, the protracted negotiations have produced numerous twists and turns, setbacks, deadlines and disagreements.
