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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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Bahamas slams Cayman 105-36

BACK in the win column on day three, the Bahamas sealed a spot in the semifinals of the Centrobasket U15 Championships for Men.

GSSSA: Cobras rout Mystic Marlins, 94-64

THE CC Sweeting Cobras made an early statement to the remainder of the Government Secondary School Sports Association senior boys’ basketball league as they dominated an eagerly anticipated early season matchup against the defending GSSSA and Hugh Campbell runners up.

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Deyton Albury and Paul Greene help Chipola move up in NJCAA rankings

DEYTON Albury and Paul Greene continue to lead Chipola’s ascent up the national rankings while Emmanuel Alexandre and Colin Storr’s production continue to lead the group of Bahamians at Northeast Community College.

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Stingrays down Jets 30-20

A defence that forced five turnovers led the V8 Fusion Stingrays to their third win of the season in week five of the Commonwealth American Football League.

Nashad Mackey earns first Sunshine State Conference Defensive Player of Week

JUST a week into his senior season, Nashad Mackey is already earning conference accolades for the Embry Riddle Eagles men’s basketball programme.Mackey earned the first Sunshine State Conference Defensive Player of the Week as the Eagles got off to a

High Flyers soar to championship

The Breezes High Flyers had their best offensive output in the final game of the series to claim the New Providence Basketball Association Division II Championship.

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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.

NPBA: Giants, buckets and stingers in win column

THE New Providence Basketball Association continued its regular season action with a triple header at the AF Adderley Gymnasium on Saturday night as the Commonwealth Bank Giants, Aliv Buckets and PJ Stingers all emerged victorious.The Giants held off

Nesbitt and team claim title in Brazil's pro league

NATIONAL team member David Nesbitt claimed his second consecutive Novo Basquete Brasil (NBB) championship in as many years.

Romad Dean on the rise in OSBA

ROMAD Dean continues his series of impressive performances in the second half of the Ontario Scholastic Basketball Association season.

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.

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INSIGHT: The real reasons behind ‘passports for sale’

On January 1, “60 minutes”, an investigative programme aired by the US television company, CBS Corporation, ran a segment on “Citizenship by Investment Programmes” (CIP) that are operated by several countries around the world.

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WORLD VIEW: We have to work together or be picked off, one by one

REPORTS are wrong in stating that eight Caribbean Community (CARICOM) countries are on a ‘blacklist’ recently released by the Organisation for Economic Cooperation and Development (OECD) over Citizenship by Investment (CBI) and Resident by Investment (RBI) schemes that they operate.

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World View: Competition for benefits of second citizenship is global

Citizenship by Investment Programmes (CIPs) in the Caribbean have been the subject of much criticism, even though the financial and economic benefits of the programmes are undeniable. These programmes are operated by Antigua and Barbuda, Dominica, Gr

Have business owners lost confidence?

LOCAL and foreign investors are probably having more board room sessions about whether this is the right time to invest in this country. So far, the Christie government has done nothing to assure the private sector that they know the direction in which their government’s sails are set.

UB knock off the Legends 104-91, Cybots blast Rockets

THE University of the Bahamas and the Mail Boat Cybots both won big as the New Providence Basketball Association continued its regular season at the AF Adderley Gymnasium on Monday night.

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Teams jostling for final playoff spots in NPBA

WITH the season starting to wind down over the next two weeks, teams are jostling for the final playoff spots in the New Providence Basketball Association men’s division.

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.