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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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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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Bahamas ends up 5th overall at Caribbean Amateur Jr Golf Championships
SQUARED off against the best junior golfers in the region, the Bahamas fell one spot off their pace in recent years.
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NPBA sets the stage for championship
WITH all two game sweeps of their best-of-three semifinal series over the weekend at the AF Adderley Gymnasium, the stage is now set for the New Providence Basketball Association’s best-of-five championship series in both the men’s division one and II.
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Ayton shines as Suns pound Knicks 121-98
NEW YORK (AP) — Deandre Ayton had 26 points and a career-high 21 rebounds, and the Phoenix Suns pounded the New York Knicks 121-98 last night.
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High Flyers win opener
The Breezes High Flyers soared on all cylinders last night as they flew past the Johnson’s Trucking 98-84 to snatch a 1-0 lead in the New Providence Basketball Association men’s division II best-of-five championship series.
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Buddy Hield and Sooners into 'Sweet 16'
ONE of the most popular sporting events in America, the NCAA Men’s Basketball Championship tipped off with several Bahamian players figuring prominently in the first two rounds.
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Ailing James leads Heat past Lakers 98-87
By TIM REYNOLDS AP Sports Writer MIAMI (AP) -- LeBron James shook off flu-like symptoms to score 31 points, Chris Bosh scored 15 and the Miami Heat won their second straight, topping the Los Angeles Lakers 98-87 on Thursday night. Shane Battier scored 11
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NPBA: Regulators stop Pirates in Division 1 as Kings get win in Division 2
THE New Providence Basketball Association had some interesting games over the weekend as the division II swung into high gear along with the division one play at the AF Adderley Gymnasium.
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NPBA playoffs: Bucket stop Eagles Nest 98-91, Regulators top Rockets 100-97
THE New Providence Basketball Association continued its first round best-of-five playoff series with another double header at the AF Adderley Gymnasium over the weekend.
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Olympian helps Rotary celebrate 40th anniversary
THE groundbreaking Rotary Club of South East Nassau is celebrating 40 years of existence this week, with Sir Durward Knowles, 98, who played a part in the founding of the organisation, joining an anniversary lunch yesterday.
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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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Journalism giant Ed Bethel dies aged 82
VETERAN journalist Eldred “Ed” Bethel died yesterday at the age of 82.
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Dames, Lightbourne to join Panthers prep programme
THE BC Christian Prep Panthers basketball programme is establishing itself as a pipeline for Bahamian talent and will add another pair of local student-athletes.
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NPBA: High Flyers and Pirates in win column
THE Breezes High Flyers and Asphalt Maintenance Pirates won the New Providence Basketball Association’s double header played at the AF Adderley Gymnasium on Monday night.
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BVI court criticises Bahamas liquidators
The Bahamian liquidators for an alleged multi-million dollar international fraud have been blasted by a British Virgin Islands (BVI) judge over a “remarkable” and “gratuitous” agreement with a BISX-listed broker/dealer.
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Team Bahamas affected by FIBA tournament’s cancellation
THE Bahamas’ bid toward FIBA Basketball World Cup 2019 Qualification will now follow a new path after the international governing body made adjustments to its tournament structure.
