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Francis Adderley wins President’s Cup Tournament
FORMER softball/baseball player Francis Adderley, who has played well in partnership with others in recent times, emerged as the champion of his first individual tournament over the weekend.
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.
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.
Miller-Uibo wins 200m in Monaco
IN a big test as she prepares to get the medal that has eluded her so far at the Olympic Games, Shaunae Miller-Uibo had enough real estate to reel in two of her arch rivals to win the women’s 200 metres at the EBS Herculis meeting in Monaco.
LW Young and broke candidates
Leon Walter Young, better known to us as L W Young, was first elected to the House of Assembly in 1912, during the governorship of either Sir Gilbert Thomas Carter or Sir William Grey-Wilson. A carpenter and building contractor by profession, Young would serve in Parliament for the Eastern District of New Providence, from the aforementioned 1912 to 1942 – the year of the Burma Road Riots.
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.
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.
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.
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”.
$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”.
'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.
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
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’.
Professional basketball player Tavario Miller stars in Japan
TAVARIO Miller began a new chapter in his pro basketball career in Japan and has emerged as a leader for his title contending club.
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”.
'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.
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.
