Bahamian liquidators pledge $100m FTX payout recovery
FTX’s Bahamian provisional liquidators yesterday pledged to “claw back” the $100m payout to 1,500 Bahamian clients as they blasted the failed crypto exchange’s US chief for “inflaming and untrue” statements.
Abaco project generates $60m sales in one year
A HIGH-END Abaco resort project was yesterday said to have generated more than $60m in real estate sales in little over a year as its build-out gathers pace following the COVID-19 pandemic’s easing.
ALICIA WALLACE: Dinner with the patriarchy
IN celebration of a special occasion, I was one of four people having dinner at a fairly popular restaurant, known for its focus on meat, at a major resort in New Providence. The restaurant was selected to give the guest of honour as many options as possible, allowing her to be as indulgent as she wished. Since I choose not to eat meat, I looked at the menu online and identified the items that I could order and hoped to enjoy.
Tourism next year ‘the best ever’
TOURISM, Aviation and Investments Minister Chester Cooper says he anticipates that tourism arrivals for next year will “be the best” the country has ever seen, with forward bookings for the first half of 2023 already showing promising signs.
EDITORIAL: The fall of Sam Bankman-Fried
IT is a remarkable fall from grace.
Minister quiet on Christmas decor cost
AMID some criticism over the national Christmas tree decorations, Youth, Sports and Culture Minister Mario Bowleg shied away from revealing the cost of the project, adding that he found no issue with the aesthetics.
Congresswoman hopes arrest will see Bankman-Fried held accountable
UNITED States Congresswoman Maxine Waters expressed hope that former FTX CEO Sam Bankman- Fried’s arrest and arraignment will signal him being held accountable for the alleged “fraud” he committed leading to the giant crypto exchange firm’s disgraceful fall, affecting as many as one million people.
FTX’s US chief hits PM, AG over ‘total stonewall’
FTX’s new US chief has accused the Prime Minister and Attorney General of “a complete stonewall” over his push for The Bahamas to embrace the US legal system as the primary venue for solving the collapsed crypto exchange’s woes.
‘Shut down’ on FTX $300m Bahamas assets safeguard
FTX’s Chapter 11 chief yesterday alleged to the US Congress that efforts to obtain “clarity” over the Securities Commission’s action to safeguard $300m in client assets had been “shut down” by The Bahamas.
Bran: New pharmaceutical price controls are ‘a stretch’
A former Democratic National Alliance (DNA) leader yesterday said coping with the pharmaceutical industry’s new price control regime was “certainly a stretch” as it had left his family’s business operating at a loss.
SBF deal with Deltec chief’s US bank ‘highly irregular’
FTX’s new US chief yesterday confirmed he is probing a “highly irregular” transaction with Bahamas links where Sam Bankman-Fried’s hedge fund paid an “off the charts” sum to buy into a small American bank.
Winning bidder for Grand Bahama Airport picked
AFTER several months of deliberation, the government has selected the winning bidder for the redevelopment of the Grand Bahama International Airport.
Cooper: We will defend nation’s reputation
WITH the arrest of former FTX CEO Sam Bankman-Fried dominating international headlines, Acting Prime Minister Chester Cooper gave an assurance yesterday that the government will continue to protect the country’s reputation, while expressing confidence in the nation’s judicial system.
National debt shrinks - but only falls $21m
The Bahamas’ national debt enjoyed its first quarterly contraction for years during the three months to end-September 2022, the Central Bank revealed yesterday, although the decline was a modest $20.7m,
New FTX CEO: Bahamas is not transparent
FTX CEO John Ray III said the Chapter 11 process in Delaware is the only clear option that gives visibility to customers about what happened to the fallen crypto giant and a chance to recoup their money, as he lambasted the process in The Bahamas as not transparent.
Man accused of using car in assault
A MAN was remanded to prison yesterday after denying assaulting a woman with his car last week.
College football teams are ready for Bahamas Bowl
It was a day of fun and relaxation for the college football teams yesterday after they arrived in town on Monday for the HomeTown Lenders Bahamas Bowl.
Basketball community mourning death of Rodney Johnson
THE basketball community is mourning the loss of former long-time and smartly dressed coach and referee Rodney E.C. Johnson, who made his contribution to the game at every level.
