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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.
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’.
Professional basketball players making moves
BAHAMIAN professional basketball players in leagues around the globe continue to progress in their respective seasons while others have made the transition to new leagues.Kadeem Coleby continues to perform at an All-Star level for his first place Aki
Sparks knock Jones and Sun out of WNBA top spot
LOS ANGELES (AP) — Riquna Williams scored 21 points and the Los Angeles Sparks beat Connecticut 84-72 yesterday, knocking the Sun out of the top spot in the WNBA standings.
'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.
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”.
Women's Week events to conclude with march on Saturday
UNDER the theme ‘Press for Progress’, a week-long series of events marking Women’s Week and International Women’s Day will culminate in a march on Saturday. March organisers Equality Bahamas said this year’s events focused on bodily autonomy and cre
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.
Junior golfers 'putt' Bahamas 5th overall
Team Bahamas produced a trio of top five finishers against elite junior golf talent in the region at the 31st edition of the Caribbean Amateur Junior Golf Championships.The team concluded the final round in fifth place in the race for the Hank James
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.
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.
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.
Rose hits the court running
LJ Rose had a debut to remember and made an immediate impact on his new club.
Mail Boat Cybots defeat the Cleaners, Athletico beat Rebels
WITH a change in venue from the AF Adderley Gymnasium to the DW Davis Gymnasium, the New Providence Basketball Association (NPBA) continued its regular season action on Wednesday night with Athletico Bahamas and the Mail Boat Cybots securing victories in the the double-header.
Bahamian companies wait two years for $1m fraud recovery pay
Bahamian companies battling to recover assets lost in a $400 million financial fraud are experiencing “financial stress” themselves because they have not been paid almost-$1 million due for two years’ work.
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.
Bahamian connection turning heads with BC Prep Panthers
THE Bahamian connection with the British Columbia Prep Panthers continues to deliver a series of impressive performances as the programme establishes itself as a pipeline for local talent. The Panthers - with Joshua Dames, Bradley Lightbourne, D’Ant
Holowesko victorious
YOUNG Bahamian riders Ella Holowesko, Siena Holowesko, and Tamsin Nottage travelled to Saugerties, New York, with their trainer Mrs Erika Adderley-Coello of Mariposa Stables, to compete at the Marshall & Sterling Insurance League 2016 National Finals this past weekend.
Rockets v Shockers tonight
THE Pyramid Food Rockets and the Real Deal Shockers are scheduled to square off tonight to determine who will go on to play in the Vince Ferguson divisional final in the New Providence Basketball Association.
Heat shake off slow start, beat the Hornets 109-95
MIAMI (AP) -- LeBron James and Dwyane Wade each scored 22 points, Mike Miller added 14 off the bench and the Miami Heat shook off a slow start to run away from the New Orleans Hornets 109-95 on Monday night. James added 11 rebounds and eight assists for Mi
