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Broker 'caused' to supply false financial details
The mastermind behind a $340 million Ponzi fraud allegedly “caused” a BISX-listed firm’s broker/dealer affiliate to issue “fabricated financial information” that resulted in the value of investors’ holdings being overvalued by almost $149 million.
'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.
NPBA: Stingers close out year with two straight wins
THE PJ Stingers closed out the year by winning two consecutive games on the final weekend of regular season play for 2016 in the New Providence Basketball Association.
Liquidator readies control plan for Alliance accounts
Liquidators for an alleged $340 million Ponzi scheme are planning to apply to the Supreme Court for permission to gain control over six accounts they have been denied access to by a BISX-listed firm’s broker/dealer affiliate.
Kobe-less Lakers hold off Mavs in OT 112-108
LOS ANGELES (AP) -- Andrew Bynum had 23 points and 16 rebounds, Pau Gasol made back-to-back three-pointers in overtime, and the Los Angeles Lakers won their fourth straight game without Kobe Bryant, 112-108 over the Dallas Mavericks on Sunday. Ramon Sessio
Star Performers Track Classic results
Results from the 10th Star Performers Track Classic held on Saturday at the Thomas A. Robinson National Stadium.
COVID death tally passes 600 milestone
THE Bahamas achieved another grim milestone over the weekend after the number of confirmed COVID-19 deaths reached 605, with one senior physician warning the country could be grappling with another coronavirus surge.
CARIFTA: Triathletes in tie for 5th
The Bahamas’ 20-member team to this year’s CARIFTA Triathlon and Aquathlon returned home from Kingston, Jamaica, with four medals and a tied fifth-place finish with Aruba.The team, coached by brothers Dorian and Cameron Roach, got a silver medal from
Man faces court over death of 11 Haitians in boat sinking
AN Abaco man who allegedly owned a boat used in a human-smuggling operation that ended up with 11 of its 28 passengers dead was brought to court yesterday. However, 43-year-old Alphonso "Carpo" Ed
sports inbrief
BASKETBALL GSSSA FINALS THE Government Secondary Schools Sports Association (GSSSA) best-of-three championship series is slated to begin at the Kendal Isaacs gym on Thursday. In the junior girls division at 4pm, the H O Nash Lions are scheduled to take on
sports inbrief
BASKETBALL GENEVA RUTHERFORD GIRLS' TOURNEY RESULTS from day one of the HOYTES 2012 Geneva Rutherford Girls National Basketball Classics in Grand Bahama are as follows: Jr Girls: Temple Christian def. Catholic High 30-23. Sr Girls: Tabernacle def. Centr
Committee set up to advise on university president search
THE board of trustees of University of The Bahamas has appointed a Presidential Search Committee to establish the process by which the new institution’s president will be selected and hired.
General Post Office demolition underway
DEMOLITION of the General Post Office at East Hill Street began yesterday as part of efforts to modernise the downtown area.
Junkanoo icon Anthony ‘Stick-A-Tone’ Johnson dies
THE sporting fraternity of softball and baseball as well as the junkanoo world is mourning the loss of Anthony ‘Stick-A-Tone’ Johnson. Johnson passed away last week. He joined the Saxons in 1967 and brought with him a group of men from Market Street called ‘The Lollipop Boys,’ who included Jay Fox, Katanga Johnson, Kenny ‘Mary’ Fox and KC Campbell.
Downtown derelicts
For over ten years many of us have been staring at the decaying structures blighting eastern Bay Street, and agitating for their reconstruction, replacement, or demolition. Never seeing any action, our eyes now just glaze over as they scan the continuing dilapidation in the Zombie Zone.
Forum discusses amendments to insolvency regime
The Restructuring and Insolvency Specialists Association (RISA Bahamas) has held its first roundtable discussion on proposed reforms to The Bahamas’ insolvency framework.
MAYNARD: ROAD TO BE RENAMED FREEDOM FARM WAY
DURING the opening of the Freedom Farm Baseball League on Saturday, Minister of Youth, Sports and Culture, Charles Maynard confirmed that the road from Yamacraw Road leading to the field will be renamed Freedom Farm Way. Mr Maynard, however, did not discl
Work on London residence to cost Bahamas $247,000
PRIME Minister Perry Christie said the structural work on the Bahamas High Commissioner’s residence in London – which he claimed had been delayed for more than four years by the former government – will cost around $247,000 (£159,000).
BORCO targets 20-30% tanker traffic growth
The Bahamas Oil Refining Company (BORCO) is the “ideal location” to service the expected 20-30 per cent increase in tanker traffic resulting from the Panama Canal expansion, its owner yesterday describing the facility as the “optimum spot” for a bunker filling station and crude oil ‘top up’ unit.
PMH Critical Care Block 80% complete
THE $53 million Princess Margaret Hospital (PMH) Critical Care Block is roughly 80 per cent complete, Cavalier Construction’s managing director yesterday telling Tribune Business it was targeting an end-July competition.
