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Albany chief faces ‘largest insider trading’ fine for decade at $50m

THE Bahamas-based billionaire who led Albany’s development will pay “the largest financial penalty for insider trading in a decade” at $50m after he yesterday pleaded guilty to perpetrating a securities fraud.

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‘JAZZ’ HITS GRAND SLAM FOR SECOND STRAIGHT GAME: Chisholm Jr and Marlins rout Braves 16-2, sweep series

MIAMI (AP) — Jasrado “Jazz” Chisholm Jr hit a grand slam for the second consecutive game and the Miami Marlins routed the Atlanta Braves 16-2 yesterday to complete a three-game sweep of the NL East champions.

Hurricane Earl lashes Belize and weakens to tropical storm

HURRICANE Earl was downgraded to a tropical storm early on Thursday after slamming into the coast of Belize with winds of 80mph and moving inland over Guatemala and Mexico with heavy rains.

Collapsed entity’s $5m holding in BISX firm

Questions were last night being raised over the future viability of a BISX-listed company, after court documents disclosed that an entity accused of perpetrating a major multinational fraud held all its $5 million preference share capital.

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Water Corp controversy highlights reform need

I was extremely reluctant to write this article because it is political “silly season”, and at this time whatever one says or does in our polarised country, you are then labelled as being affiliated with a certain party.

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NEMA releases statement after powerful earthquake hits between Cuba and Jamaica

NEMA has released the following statement on the earthquake that struck south of Cuba and northwest of Jamaica on Tuesday afternoon:

Sports notes

THE top player in City Bowling League competition last night was Alfred Burrows of the TK Falcons who mowed down the pins for a gigantic 640 three game set. Raymond Adderley of Carib Construction came in second with another big set of 614. David Slatter, of Telco Enterprises, downed the pins for a 258 high game followed by a 232 from Greg Taylor of the Coca Cola Avengers.

Sports Notes

THE most valuable player (MVP) in City Bowling League competition Monday night was Mario Brown of Telco Enterprises who downed the pins for a 246 second high game and a 604 high three game set.

Freedom Farm dominates Andre Rodgers Nationals

THE Bahamas Baseball Association returned to play in its marquee event for local youth baseball, the Andre Rodgers National Championships.

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‘We’ve been waiting for someone else to make it for a very long time’

FORMER Bahamian baseball players Antoan Richardson and Edison ‘Ed’ Armbrister were both excited to see Jasrado ‘Jazz’ Chisholm’s rise to the Major League.

Liquidators pledge recognition of $83m Alliance investments

One group of liquidators for an alleged multinational Ponzi fraud yesterday denied claims they would not recognise investors who placed $217 million into it via a Bahamian broker/dealer.

$500m cruise port’s ‘strict preference’ for Bahamians

The US contractor managing landside construction for Carnival’s $500m Grand Bahama cruise port has pledged to give “strict preference” to Bahamians on all work that is put out to bid.

Sarkis: $84m cut-off caused by CCA 'lies'

SARKIS Izmirlian has accused Baha Mar’s main contractor of causing an $84 million funding “squeeze” due to its desire to eliminate the “project watchdog”.Baha Mar’s original developer, in his $2.25 billion damages claim filed on Boxing Day, alleged t

Cable: 'We've satisfied all of our obligations'

Cable Bahamas has met all the obligations mandated by the Bahamian governnment, a senior executive telling Tribune Business the BISX-listed communications provider injected $50 million back into the economy annually.

Gov’t ‘definitely’ beat first $150m VAT goal

Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.

Clubs and societies: 03042016

Antique Auto Club of The Bahamas. - The Antique Auto Club of the Bahamas is very pleased to announce that proceeds from the 29th Annual Antique Auto Show and charity Cook-out, to be held at the Arawak Cay Cultural Centre (Fish Fry!) on Saturday, April 2, are to be donated to the Sir Victor Sassoon (Bahamas) Heart Foundation to help an eight-month-old girl with urgently needed life-saving surgery.

Sports Notes

THE Bahamas Lawn Tennis Association congratulates Jacobi Bain and Elana Mackey, who have been invited by the International Tennis Federation to participate in a Regional Under-13 Training Camp for the top players in the region. The training camp began yesterday and will end Sunday in La Libertad, El Salvador.

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Albury, Greene lead team to wins

THE Chipola coaching staff has raved about the contributions of its Bahamian stars as the team has continued its undefeated season and risen as high as no.4 in the national junior college rankings.

Sky Bahamas bounces back with 'exceptionally good Christmas'

A LEADING domestic airline said that it is coming off an “exceptionally good Christmas” with load factors averaging as high as 85 per cent for the period, and its CEO reiterating calls for the government to rethink its decision to levy 15 per cent Value-Added Tax (VAT) on domestic air transportation.

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Retailers ‘not easing up’ on gas margin increase

The Bahamas Petroleum Retailers Association’s (BPRA) president yesterday asserted that the industry is “not easing up” on demands for a margin increase with several dealer “unable to survive” more than another two months.