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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.
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.
NPBA: Pirates defeat Pros, Stampers stop Titans
THE Triple K Stampers and the Caro Contractors Pirates won the New Providence Basketball Association’s double header at the AF Adderley Gymnasium on Wednesday night.The Stampers won the opener 96-85 over the Caro Contractors Titans, while the Pirates
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”.
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.
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.
Sports Notes November 14
MACEDONIA and Golden Gates continued where they left off as the Baptist Sports Council’s defending champions, opening up the 2012 season on the winning note in the 19-and-under, co-ed and men’s divisions respectively at the Banker’s Field, Baillou Hills Sporting Complex, on Saturday.
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.
NPBA: Cybots holf off Caribs 84-81, Athletico tops the Legends 104-95
THE New Providence Basketball Association (NPBA) continued its regular season at the AF Adderley Gym Wednesday night. The Mail Boat Cybots and Athletico Bahamas earned wins in the double header.
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.
Ayton helps Wildcats secure 88-82 win over Crimson Tide
THE Arizona Wildcats were locked into another close game down the stretch when they turned to their freshman phenom to deliver in the clutch. DeAndre Ayton made a pair of jumpers on consecutive possessions to help the Wildcats pull away for an 88-82 win over the Alabama Crimson Tide at the McKale Center in Tuscon, Arizona, on Saturday.
Puerto Rico leads Caribbean Amateur Golf Championships
WHILE Puerto Rico continues to lead both the Hoerman Cup and George Teale Memorial Trophy for the 2016 Caribbean Amateur Golf Championships, the Bahamas still has some work to do to at least finish in the middle of the pack when the four-day event comes to a close today.
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
STATESIDE: Politicians need to recognise when it is time for them to leave the stage
WHAT do Diane Feinstein, Ruth Bader Ginsburg, George Santos and Clarence Thomas have in common?
BGDBA postseason opens
THE Bahamas Government Departmental Basketball Association opened its postseason on Saturday night with all eight playoff teams playing in the four games at the AF Adderley Gymnasium.• Results of the games were as follows:Bamboo Shack Cybots def. the
Man charged with murder of retired Canadian physician
A MAN made his initial court appearance yesterday in connection with the fatal stabbing of a retired 88-year-old Canadian physician on a Family Island.
Mingoes clinch 87-84 win over Shockers
FOUR University of the Bahamas basketball players hit double figures as the Mingoes came back hard in the second half to defeat the JD’s Seafood Shockers 87-84 at the AF Adderley Gym on Wednesday night and now lead the division one standings in the New Providence Basketball Association.
84 new cases and three more deaths as surge continues
EIGHTY-FOUR additional COVID-19 cases were recorded on Wednesday along with three more deaths.
