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Sam Bankman-Fried to testify Bahamas looked after FTX clients ‘best interests’
Sam Bankman-Fried is set to tell a New York judge that Bahamian regulators, and not US bankruptcy attorneys, “were acting in the best interests of customers” immediately after FTX imploded.
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Pintard: Under Davis Administration BPL has not progressed
FREE National Movement Leader Michael Pintard said the Davis administration has not built on the progress its predecessor made toward repairing generation woes at Bahamas Power & Light.
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Police urge men who are victims of domestic abuse to speak out
THE director of the Royal Bahamas Police Force’s domestic unit is urging men who are being abused to speak out, saying many men are often also suffering in silence as victims of domestic violence.
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PLP hits back at Sands’ ‘empty and devoid’ slam
MEMBERS of the Progressive Liberal Party hit back at the Free National Movement Chairman Dr Duane Sands yesterday, calling his comments “empty and devoid”.
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‘Irresistible inference’ ArawakX misused client funds to pay bills
ArawakX’s use of a loan from its largest investor to pay sums due to crowd-funding issuers and subscribers creates “the irresistible inference” it was using client funds to cover operating expenses, regulators charged yesterday.
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ArawakX denies client fund ‘commingling’ allegations
The Bahamas’ first-ever crowd-funding platform has vehemently denied there is any “ongoing commingling” of client and company funds and blamed an “accounting error” for the only occasion this occurred.
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‘Lucrative prospects’: ArawakX refutes $2.4m insolvency woes
The Bahamas’ first-ever crowd-funding platform is asserting it has “lucrative prospects” rather than a $2.4m solvency deficiency as it bids to defeat the Securities Commission’s bid to wind-up its operations.
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'Real life consequences': Fidelity's $560k Moody's hit
The Government's declining creditworthiness has sparked "real life consequences" for a BISX-listed bank by forcing it to take a "much bigger than expected" $560,000 hit in its 2022 full-year results.
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BOB rejects $33m ArawakX demand
The Securities Commission was yesterday accused of “callous disregard” for ArawakX’s interests by allegedly interfering with its demand for a $33m settlement from Bank of The Bahamas.
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Ex-DPM: ‘Disgraceful’ failure to improve BPL
The Government was yesterday accused of a “disgraceful” failure to build on prior upgrades at Bahamas Power & Light (BPL) with an ex-deputy prime minister asserting he will “fully defend” what was done under his oversight.
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FTX chief orders Bahamas: Hand over SBF interviews
FTX’s US chief is accusing his Bahamian counterparts of seeking to “shield from scrutiny” details of their interviews with Sam Bankman-Fried and other key insiders that he now wants handed over.
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Bahamians conflict on broker’s US client pull
Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.
