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FTX SPENT $300M ON PROPERTY BUYS: Court documents reveal valuation of real estate spree
A Bahamian realtor yesterday estimated that the collapsed FTX crypto currency exchange spent $250m and “probably more” on acquiring New Providence real estate, adding: “It was great while it lasted.”
GSSSA finals underway
The CR Walker Knights, Doris Johnson Mystic Marlins, AF Adderley Fighting Tigers and HO Nash Lions all prevailed with game one victories in their respective Government Secondary Schools Sports Association best-of-three baseball and softball championship series. Game two in all series will continue today at the Baillou Hills Sporting Complex.
Bahamas First ‘could not meet increased demand’
Bahamas First has been unable to meet new property insurance demand that “exceeded our expectations” despite securing additional reinsurance capacity for 2022 in a bid to generate growth.
Roy Wallace wins men’s title
BAHAMAS TABLE TENNIS FEDERATION’S NATIONAL CHAMPIONSHIPS
ROY Wallace outlasted Amol Pendharkar to win the men’s title of the Bahamas Table Tennis Federation’s National Championships at the AF Adderley Gymnasium on Saturday.
GSSSA champions crowned
It was a double dose of victory as all four pennant winners emerged as the Government Secondary Schools Sports Association’s softball and baseball champions with clean sweeps across the board on Thanksgiving Day.
Bahamas faces high risk economic ‘roller coaster’
The Bahamas will be on an economic “roller coaster for a significant period of time” as the US Federal Reserve and other central banks take swift action to combat inflation, a local banker warned yesterday.
Man ‘should serve 12 years’ for repeated sex offences
A 73-year-old Grand Bahama man convicted of having unlawful sexual intercourse with an eight-year-old girl was labeled a repeated child sex offender who should serve a prison term of 12 years, a Crown prosecutor submitted to the Supreme Court.
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