Tearful Caroline Ellison gets 2 years in prison over her role in FTX fraud
Caroline Ellison, a former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire, was sentenced to two years in prison on Tuesday after she apologized to everyone hurt by a fraud that stole billions of dollars from investors, lenders and customers.
UB to take measures to limit AI usage as students turn to ChatGPT for help
SOME professors at the University of The Bahamas have complained about the effect ChatGPT and other artificial intelligence platforms have had on education, saying students are using them to write essays or cheat on assignments.
Public transportation unions to meet with Coleby-Davis over fuel margin rise
TRANSPORT Minister JoBeth Coleby-Davis said her ministry would hold private meetings with taxi, bus, and livery drivers following concerns from unions about approved margin increases for petroleum retailers.
Top court reinstates $2m freeze in King Case
The Bahamian judicial system’s highest court yesterday refroze some $2m alleged to be the proceeds of a fraud involving flamboyant “philanthropist” Rudolph Kermit King.
Parents rush to collect children after school fire at Uriah McPhee
CLASSES at Uriah McPhee Primary School were dismissed early yesterday due to a fire and smoke accumulation.
Bowe: Basic banking accounts will only help small segment
CLEARING Banks Association chairman Gowon Bowe said that basic banking accounts, which Central Bank governor John Rolle identified as one potential solution to concerns about bank fees, would primarily benefit a small segment of society: unskilled workers, students, and the elderly.
NIB unemployment payouts up by 25%
THE National Insurance Board paid roughly $940,000 in unemployment benefits last month, a 25 percent increase compared to its average payouts due to higher contribution rates and seasonal hotel closures.
Seeking light in the dark
PLEASE permit me express my views on the captioned subject and forgive me if I appear to be pro-employee in this matter
Positive progress in bank fee discussions
SLOWLY but surely, progress has been made in the discussion over bank accounts and the fees we are charged to use them.
Hawksbill Agreement changed?
HAWKSBILL Agreement… in the past three years has it been amended and the exclusive covenant concerning Utilities has been removed?
Singing Bishop warns of WhatsApp scammers
THE “singing” bishop, Lawrence Rolle, said he fell victim to a novel scam that threatened his non-profit.
Six injured in two separate boating accidents on Sunday
SIX people were injured in two separate boating accidents on Sunday, with one victim in critical condition.
Gov’t savings bond launches with $5m
The Central Bank will launch its drive to boost Bahamian savings and investments by making a total $5m in government savings bonds available to the public this November.
SBF’s ex using Deltec ‘exposure’ to avoid jail
Sam Bankman-Fried’s ex-girlfriend is using testimony that she fully exposed a Bahamian bank’s alleged involvement in FTX’s collapse as a key element in today’s bid to escape a jail sentence.
Ex-pilots union chief loses Bahamasair fight ‘in entirety’
A former pilots’ union president has seen his retirement age-related employment dispute with Bahamasair dismissed “in its entirety” by the Supreme Court.
Munroe: Urgent need to address rising threat of illicit firearms
NATIONAL Security Minister Wayne Munroe emphasised the urgent need to address the rising threat of illicit firearms in The Bahamas, reporting that approximately 90 percent of homicides in the country over the past five years involved firearms.
Munroe says he can’t confirm if police probe findings would be made public
NATIONAL Security Minister Wayne Munroe said he could not confirm whether the findings of a police corruption probe linked to voice notes would be publicised.
Grandfather accused of seven counts of incest
A 57-year-old man was remanded to custody after he allegedly molested his underaged granddaughter over four years.
IDB report: 86% of personal water supplies contaminated
Testing by the Water & Sewerage Corporation has found that 86 percent of New Providence private wells are contaminated by bacteria and present a potential health hazard, it has been revealed.
FNM chair calls taxing private wells ‘absurd’
The Free National Movement’s (FNM) chairman yesterday branded the concept of taxing private well owners as “absurd” as the Prime Minister ruled out any such move or raising water tariffs for Bahamians.
