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.
Roadrunners Track Club hosts 22nd annual awards banquet
ON Saturday, the Roadrunners Track Club, led by president and head coach Dexter Bodie, hosted their 22nd annual presentations and awards banquet for their athletes.
Albury Jr following in his brother’s footsteps
AFTER watching his big brother Deyton Albury leave Temple Christian to pursue his basketball career in high school in the United States, Michael Albury Jr has made the transition to Florida from Teleos Baptist Academy where he was a star player for the Cherubims basketball team.
Govt to offer proposal to BPSU members today
THE Davis administration plans to present its final proposal to the Bahamas Public Service Union (BPSU) today, State Minister of Public Service Pia Glover-Rolle said yesterday. She is hopeful a new industrial agreement can be signed before the end of the year.
Public servant concerns ‘to be resolved by first quarter next year’
STATE Public Service Minister Pia Glover-Rolle said yesterday that by the first quarter of next year the government is aiming to resolve the long-standing concerns of public servants from the Ministry of Social Services.
Man, 73, jailed for ten years over unlawful sex with eight-year-old girl
A 73-YEAR-OLD Grand Bahama man convicted of having unlawful sexual intercourse with an eight-year-old girl was sentenced to ten years behind bars yesterday.
Suspect charged with fatal stabbing
A 20-YEAR-OLD man appeared in Magistrate’s Court yesterday in connection with last week’s fatal stabbing in Pinewood Gardens. Shamar Hepburn faced Magistrate Kendra Kelly on a charge of murder.
14-year-old guilty of injuring man
A TEENAGER was sent to Simpson Penn Centre for Boys after admitting to injuring a man yesterday.
Media have an agenda over Sears
It is now patently clear that the main media organisations may have an agenda to force the resignation of the Hon Alfred Sears as they have anointed itself prosecutor, judge and jury in this developing political saga. We have yet to hear and digest all of the facts herein.
