All results / Stories
Sort By
Date
Authors
- Everyone
- Brent Stubbs (21)
- Neil Hartnell (21)
- Samora St Rose (20)
- Renaldo Dorsett (16)
- Eileen Carron (12)
- Natario McKenzie (10)
- Eloise Poitier (7)
- Karin Herig (6)
- Paco Nunez (5)
- Sancheska Brown (4)
'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.
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.
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.
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.
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.
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.
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
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.
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
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.
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.
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.
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
‘Total lack of evidence’: Broker’s chief blasts SEC
A “total lack of evidence” produced by US federal regulators means their lawsuit against a BISX-listed company’s principal, and its broker/dealer affiliate, over an alleged $400 million fraud should be dismissed.
US tells BISX-listed firm: We can get you
Federal regulators have effectively accused a BISX-listed company’s principal, and its broker/dealer affiliate, of hypocrisy over their claims that US law “cannot touch” their allegedly “egregious acts” in relation to a $400 million fraud.
Comments by Bishop Ellis
I consider Bishop Neil C Ellis to be a spiritual giant in the Bahamian Christian community who is considered a spiritual father to many young clergymen. With a membership in the thousands coupled with an international reach that extends throughout the United States of America and the Caribbean, if there’s one Bahamian preacher of the gospel one would think would have the listening ear of the Free National Movement (FNM) administration and Prime Minister Dr. Hubert Minnis, it would be Ellis.
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.
Equestrian Bahamas growing vibrantly by leaps and bounds
SINCE the formation of the Equestrian Bahamas after the defunct of the BANEF, president Catherine Ramsingh-Pierre and her executive team have been working arduously to make the sport one of the more vibrant ones in the country.
