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$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”.

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'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.

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'Spoken from the heart' - Tribute to Edmund Moxey by Sir Arthur Foulkes

GOVERNOR General Sir Arthur Foulkes, in a tribute paid to Edmund Moxey, creator of the Jumbey Village dream, recalled their years in the political trenches together, nourishing a single ambition – the “salvation of a people.”

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Club Med: Over 75% of workforce returns

Club Med's general manager yesterday revealed that more than 75 percent of the resort's staff have returned to work at the property despite its near three-year shutdown due to COVID-19.

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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’.

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14-game win streak to end season for Jones

JONQUEL Jones and the Connecticut Sun had a historic finish to the 2021 WNBA regular season and now set their sights on the postseason as the No 1 overall seed.

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‘Ed Sky’ wins on Valentine’s

In memory of the late Edgar Moxey, who was buried last week, Ed Sky was the first of two boats to catch the Campari Lady Nathalie en route to winning her first major regatta.

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McCartney off to good start in Stampeders' 44-32 victory

KARL McCartney opened the Canadian Football League season where he left last year, as a special teams ace for the Calgary Stampeders.

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Ayton posts double double in 123-110 loss to Hawks

ATLANTA (AP) — Trae Young scored 21 of his 36 points in the fourth quarter and the Atlanta Hawks pulled away late to beat the Phoenix Suns 123-110 last night.

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Kadeem, Mark and Travis top performers among Bahamians

KADEEM Coleby, Mark St Fort and Travis Munnings were several of the top performers among Bahamian basketball players active in their respective programmes over the weekend.

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Jones and Sun in WNBA Finals

Jonquel scores 15, grabs 10 rebounds as Sun rally in 4th to beat Sky 72-63

Powered by a furious quarter rally, Jonquel Jones and the Connecticut Sun won a series finale on the road and are headed to the WNBA Finals.

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Rosalee Elizaabeth Davis

Funeral service for Rosalee Elizaabeth Davis, 99 yrs., a resident of John Road West & formerly of San Salvador who died on 19th May, 2012 will be held at New Bethlehem Baptist Church, Independence Drive, on Saturday at 10:00 a.m. …

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95 newly confirmed cases of COVID-19

The Ministry of Health reported on Tuesday that there are 95 newly confirmed cases of COVID-19.

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‘Banner year’: Resorts beat revenue target by 10% pts

Resorts on major Family Islands are targeting “a banner year” in 2023 after room revenues through to end-October beat the industry’s post-COVID target by ten percentage points.

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Bahamian players hit court in NCAA Division I

NCAA Division I basketball tipped off Friday night and several Bahamian players were hit the floor for their respective programmes in divisions across the United States.Some of the top performers included Arizona’s Deandre Ayton, Lashann Higgs of th

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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”.

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'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.

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Jones and Sun fall short, Mystics take WNBA title

In a WNBA Finals series where no team won consecutive games, Jonquel Jones and the Connecticut Sun came up just short in their bid to make franchise history. Jones finished with 25 points and nine rebounds, but the Sun fell to the Washington Mystics

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