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Man accused of series of armed raids

A 20-year-old man was arraigned in a Magistrate’s Court yesterday charged with robbing nine people of more than $50,000 worth of cash and merchandise in the last six months.Edward Colebrooke, also known as “EJ”, stood before Chief Magistrate Joyann F

$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”.

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.

'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”.

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.

PwC wins battle over liquidation of alleged fraud

A huge battle over who should wind-up an alleged multi-million dollar fraud, a case that has embroiled a BISX-listed company, has ended with the Supreme Court appointing a combination of PricewaterhouseCoopers (Bahamas) and the US receiver as liquidators.

Rose hits the court running

LJ Rose had a debut to remember and made an immediate impact on his new club.

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’.

'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.

Tokyo Games ‘not going to start on July 24’

AS pressure continues to mount from athletes, member federations and healthcare professionals, one International Olympic Committee official gave the first indication that the 2020 Tokyo Games will be postponed due to the coronavirus COVID-19 outbreak.

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.

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”.

Men’s national basketball team members open seasons

SEVERAL senior men’s national basketball team members recently opened their respective seasons across various professional leagues in Europe and South America.

Ingraham bids farewell as FNM leader

FORMER Prime Minister Hubert Ingraham bid farewell as the Free National Movement’s longest serving leader at the party’s convention this weekend.

'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.

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.

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.

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.

Exalting the divine from 1939

Celebration will truly be in the air when Holy Spirit Anglican Church, one of the main spiritual pillars in the Chippingham community, rings in their 75th anniversary. Although the church, once known as the “Little Lipstick Church”, officially celebrates this milestone on January 12, 2014, it is organising six months of activities leading up to the grand celebration.

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.

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