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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”.
'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.
Tahnaj Thomas to start on the mound opening night
TAHNAJ Thomas will have an opportunity to make an immediate impression on the Pittsburgh Pirates organisation and their lofty expectations for him this season as he progresses to the Appalachian League. According to Tim Hayes of the Bristol Herald C
Bahamasair to spend $9.3m on aircraft maintenance
BAHAMASAIR will use $9.3m of its total budget in the new fiscal year on heavy maintenance to its aircraft and another $1m to move the headquarters to a building complex on Blake Road.
Dames sets target of fewer than 85 murder in 2019
NATIONAL Security Minister Marvin Dames has his sights set on a murder count that is below 85 by the end of this year. The minister’s goal, outlined yesterday outside of Cabinet, is more ambitious than the one in the Prime Minister’s Delivery Unit r
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.
Bahamasair’s Cuba, Haiti return covers local ‘shortfall’
Bahamasair’s managing director last night said holiday bookings for travel to the US are producing 60 percent load factors “and climbing”, adding: “Anything is a big boost.”
Robinson shoots 70 to lead Bahamas on CAGC day two
There is some ground to make up for the Bahamas Golf Federation’s team at the 60th Caribbean Amateur Golf Championships, but there have also been several individual standout performances.
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.
Tobacco start-up targets up to $10m first year sales
A Bahamian-owned tobacco manufacturing start-up yesterday said it was targeting $5-$10 million in first year gross sales, but warned this and employee hires could be “significantly impacted” if no Excise Tax exemption was forthcoming.
PETER YOUNG: From the summit of success to now being shown the door - it’s all over for Boris
“ALL political careers end in failure”. Those were the memorable words of Enoch Powell, who was a leading right-wing Tory, and some say a contrarian and a maverick politician, of the 1960s and beyond. It is a fair bet that some of the older generation in Britain will have recalled this famous dictum when watching Prime Minister Boris Johnson’s resignation statement outside No 10 Downing Street last Thursday as he stood down from what he called “the best job in the world”.
Call for Caribbean to adopt HIV self-testing
ON the occasion of World AIDS Day, Caribbean AIDS response stakeholders are calling for countries in the region to adopt HIV self-testing.
Dorian 'totally destroys' 80% of fishing industry
Fishermen yesterday said Hurricane Dorian had “totally destroyed” 80 percent of the industry in Abaco and Grand Bahama amid uncertainty over how the government will aid recovery.“Eighty percent of the fisheries sector in Grand Bahama and Abaco is tot
FIBA AmeriCup Qualifiers: Men's national basketball team players return to pro circuit
FOLLOWING last month’s home triumph at the FIBA AmeriCup Qualifiers, several men’s national basketball team players returned to the professional circuit and continued that momentum with their respective clubs. David Nesbitt continues his career in B
Legends stop Rebels 82-80, Caribs beat Cybots 102-94
THE University of the Bahamas Caribs pulled off another big victory to remain undefeated in the New Providence Basketball Association men's division one play, knocking off the Mail Boat Cybots 102-94 at AF Adderley Gymnasium on Monday night.
Broker ‘acted in good faith’ on $400m fraud
A BISX-listed company’s principal, and its main broker/dealer subsidiary, are demanding that a US federal lawsuit against them be dismissed because they “acted in good faith and did not receive ill-gotten profits” from an alleged $400 million financial fraud.
BISX-listed firm’s $5m ‘recapitalise’ after SEC settles
A BISX-listed company will have to undergo a $5 million ‘recapitalisation’ as a result of the deal struck by its principal and main subsidiary to settle a lawsuit against them by US federal regulators.
Court 'quashes' Commission probe into BISX firm's broker
The Securities Commission is appealing a court verdict that “quashed” its bid to assess the solvency of a BISX-listed company’s broker/dealer affiliate, which is embroiled in an ongoing $340 million fraud probe.
Bahamasair targets four aircraft addition
Bahamasair plans to expand its fleet by four aircraft come summer 2023, it was revealed yesterday, as a senior executive voiced concern about “inconsistent” runway approach lighting at Abaco’s main airport.
EDITORIAL: FTX founder’s long list of unknowns
FOR someone in charge of a multi-billion operation, Sam Bankman-Fried seems to not know a lot of things.
