FROM FTX TO PRISON AS BAIL DENIED: Sam Bankman-Fried remanded in custody until February court date
DISGRACED former FTX CEO Samuel Bankman-Fried was denied bail by Chief Magistrate Joyann Ferguson-Pratt and remanded to the Bahamas Department of Correctional Services (BDCS) until his next court appearance in February.
Former FTX CEO Sam Bankman-Fried denied bail
Former FTX CEO Sam Bankman-Fried has been denied bail by Chief Magistrate Joyann Ferguson-Pratt and has been remanded to the Bahamas Department of Corrections.
Getting glam for the holidays
If there is ever a time to “get fix up”, like Bahamians say, the Christmas season is it.
Bahamian barista places in the top 3 of regional coffee competition
AFTER winning a local competition and placing in the top three of the regional contest stage, local Starbucks barista Shanyhah Bowe has returned home from Costa Rica enriched with an even greater appreciation for coffee.
FACE TO FACE: Following a path that is still evolving
WHEN Deidre Moss graduated from the College of the Bahamas with an Associates Degree in Journalism and Mass Communication back in 2007, she dreamed of making her mark in the media field and impacting lives.
Detention Centre upgrades ‘to cost at minimum seven figures’
LABOUR and Immigration Minister Keith Bell revealed that necessary upgrades to the Carmichael Road Detention Centre will cost “seven figures at the very minimum”.
Mitchell defends Sears over BPL fuel hedging
FOREIGN Affairs Minister Fred Mitchell yesterday defended Works and Utilities Minister Alfred Sears over the controversy surrounding the latter’s conflicting statements over the Bahamas Power and Light fuel hedging issue.
Cooper hails ‘transformational’ National Investment Funds Bill
ACTING Prime Minister Chester Cooper yesterday hailed the National Investment Funds Bill 2022 as a “transformational” piece of legislation that will lay the foundation for public sector investing and reinvestment in support of the country’s national development goals.
Thankful for a helping hand in a time of need
CHERYL Adderley said since being diagnosed with a brain tumor, her life has changed drastically as she now depends on the assistance of Social Services.
‘Alarm’ as 53 killed on roads this year
AFTER a string of traffic fatalities in recent weeks, Chief Superintendent David Lockhart of the Royal Bahamas Police Force Traffic Division said the number of accidents in the country is “alarming”.
FTX FOUNDER ARRESTED: US expected to seek extradition
SAM Bankman-Fried, former CEO of crypto giant FTX, was arrested by the Royal Bahamas Police Force yesterday and will likely face extradition to the United States, Attorney General Ryan Pinder announced.
Bahamas battles for control over $256m FTX properties
A major legal battle was brewing last night for control of $256.3m worth of Bahamian real estate assets as FTX’s local liquidators sought to extract them from Chapter 11 bankruptcy proceedings in the US.
Minnis blames Christie Gov’t for Oban debacle
Dr Hubert Minnis yesterday sought to blame the last Christie administration’s failure to conduct “proper due diligence” for the $5.5bn Oban oil refinery debacle, while admitting that his government “took the hit”.
Central Bank’s waiver drives $202m sovereign debt boost
Incentives that sparked almost $202m of local investor demand for The Bahamas’ US dollar bonds has been “very, very significant” in driving an international debt turnaround, a senior official said yesterday.
Digital pass to drive jitney unity for 90k
Digital technology was yesterday hailed as a key element in driving New Providence’s jitney industry towards the long-promised unified transportation system through an initiative that will launch in early 2023.
Govt ‘massive’ clean-up plan for New Providence
THE Ministry of the Environment and Natural Resources has embarked on a “massive” clean-up campaign for New Providence and several Family Islands in preparation for the nation’s 50th independence celebrations next July.
EDITORIAL: Questions remain after FTX founder’s arrest
THE news of the arrest of Sam Bankman-Fried’s arrest feels as if it has been both inevitable and strangely overdue.
