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$358m penalty for fraud with Bahamas 'alter ego'
A US judge has imposed a $358 million fine on the perpetrators of an alleged multinational fraud that he found employed a BISX-listed firm’s subsidiary as its “alter ego”.
'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.
Bucket knock off Rockets 85-79, Stingers stop Rockets 94-78
THE New Providence Basketball Association’s double header on Monday night at the AF Adderley Gymnasium saw the Aliv Bucket and the PJ Stingers emerge victorious.
Andros Chickcharnies in the lead after day 2
Bahamas Games golf tournament at Ocean Club on Paradise Island
THE Andros Chickcharnies are still holding onto the lead after two days of competition in the 6th Bahamas Games golf tournament at the Ocean Club on Paradise Island.
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’.
COVID-19 death toll rises to 176
THE country’s COVID-19 death toll has risen to 176 after a 94-year-old woman died from the disease in late January.
Giants rout the Crimestoppers 113-94
THE Commonwealth Bank Giants proved why they are the defending New Providence Basketball Association (NPBA) champions as they pulled off their biggest challenge so far this year by defeating the Royal Bahamas Police Force Crimestoppers 113-94 at CI Gibson Gym Monday night.
Wells, Rose lead race for trophy
HEADED into the final day of competition at the Caribbean Amateur Golf Championships, one pairing of Team Bahamas will attempt to cling to their position atop the leaderboard while others face an uphill climb toward contention.
New champions: Regulators rout Cybots 100-81 for title
It was a dominant performance over the course of the last three games of the series as the Mr Ship It Regulators unseated the two-time defending champions to take the New Providence Basketball Association Division I title.
Aline McLaughlin dies, aged 94
MISS Aline McLaughlin, 94, died at her San Souci home on Friday evening. With her was her first cousin, Alden Barbes, who had returned from his home in California to help her with her affairs.
94 Haitians told not to come back illegally
NEARLY 100 Haitians were granted a conditional discharge yesterday after admitting to entering the country illegally earlier this week. The 94 Haitian migrants — 79 men and 15 women — have been ordered not to return to The Bahamas in the manner they
132 new cases of COVID-19
THE latest Ministry of Health COVID-19 Dashboard has recorded 132 new infections in The Bahamas with 94 of them being in New Providence.
No consumer respite despite inflation ease
As the tide of inflation in The Bahamas seems to be ebbing, it prompts reflection on what this means for the average Bahamian’s wallet.
Bahamas 0-3 after 96-63 loss to Dominican Republic
The Dominican Republic caught fire from beyond the arch in the second half and, in particular, during a third-quarter run where they took control for good en route to a win in the latest World Cup qualifier.
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
Bahamas 4th, 6th in 62nd Caribbean Amateur Golf Championships
THE Bahamas concluded the 62nd Caribbean Amateur Golf Championships with a fourth-place finish for the George Teale Trophy, and sixth place in the standings for the Hoerman Cup.Hosted at the North Sound Golf Club in the Cayman Islands, the nine-membe
Jonquel Jones scores 16, Sun stop the Fever 88-69 for 4th straight victory
UNCASVILLE, Conn. (AP) — Brionna Jones scored 18 points and Jonquel Jones added 16 to help the Connecticut Sun beat the Indiana Fever 88-69.
88 Haitians held by RBDF
THE 88 Haitian migrants detained in two separate incidents this week have been transferred to New Providence for processing, the Defence Force reported yesterday.
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”.
'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.
