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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.

38 charged over breach of bail conditions

POLICE Commissioner Clayton Fernander said police recently charged 38 men who were on bail for serious crimes and were being monitored for breaching their bail conditions.

Romad Dean and Lions finish 3rd

ROMAD Dean and his Crestwood Prep Lions (Ontario, Canada) finished third at one of the most prestigious winter tournaments on the prep basketball circuit in the United States.

BPL ‘stranglehold’: Business battles up to 100% bill rises

Soaring Bahamas Power & Light (BPL) bills were yesterday said to be imposing “a stranglehold” on commerce with multiple businesses struggling to survive up to 100 percent year-over-year increases in their energy costs.

Giants sweep Cleaners

THE Commonwealth Bank Giants, featuring a couple of new players, are now into the New Providence Basketball Association’s John Archer divisional championship series, thanks to a two-game sweep over the Double R Services Limited Cleaners in their first round playoffs.

Regulators v Cybots, High Flyers v Truckers in NPBA showdowns

THE much anticipated final matchups are all set and a thrilling series of semi-final deciding games have set the stage for the championships in the New Providence Basketball Association.

‘Actions on Family Islands must stop’

ATTORNEY Fred Smith yesterday warned the government that it was treading on the “thin ice of contempt” for pressing ahead with efforts to eradicate shanty towns in the Family Islands despite the pending judicial review.

BTC mobile rival must beat 1% dropped calls

The winning bidder for the second cellular licence is being required to meet higher service standards than the Bahamas Telecommunications Company (BTC) from the off, as it must achieve a monthly ‘dropped calls’ average of less than 1 per cent.

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.

Bahamian abroad rests after years of noble service

ALTHOUGH the loved ones of Edwin Percival Minnis are sadden he will not spend Christmas or any other day with the family, a smile will always surface on their faces when they reflect on the life he lived and the precious memories he left behind.

Stingers beat Cybots, 82-80

THE New Providence Basketball Association continued its regular season at AF Adderley Gymnasium over the weekend. A series of games were played.

Battle 4 Atlantis men: Tar Heels to face Wildcats In Semifinals today

THE 12th Battle 4 Atlantis men’s tournament got off to a hot start for the Villanova Wildcats and North Carolina Tar Heels yesterday at the Imperial Arena, Paradise Island.

Dorian 'totally destroys' 80% of fishing industry

Fishermen yesterday said Hurricane Dorian had “totally destroyed” 80 percent of the industry in Abaco and Grand Bahama amid uncertainty over how the government will aid recovery.“Eighty percent of the fisheries sector in Grand Bahama and Abaco is tot

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.

Pro basketball player Dwight Coleby off to impressive start

DWIGHT Coleby is off to an impressive start with his new club - Heroes de Falcon - in the Venezuelan SuperLiga. The veteran frontcourt player is averaging 9.4 points and a team high 7.8 rebounds per game. He also leads the team in blocks at 1.6 per game, while shooting 53 percent from the field in 25 minutes per game.

James, Heat win home finale over Houston

By TIM REYNOLDS AP Sports Writer MIAMI (AP) -- As LeBron James was walking to Miami's home bench for the final time this regular season, he raised his left arm to acknowledge the roars of another sold-out crowd. And when the obligatory "M-V-P" chants star

‘Buddymania’ rocks gym

THE inaugural Buddy Hield Invitational produced one of the best endings event organisers could ask for, a near capacity crowd and a thrilling finish on the court.

‘Good morning, I’m Ed Bethel’

“Silence! Silence? In this house”,

Battle resumes over $7m West Bay condo wind-up

The long-running legal battle over an upscale, $7 million West Bay Street condominium project has reignited over attempts to place it into court-supervised liquidation, Tribune Business can reveal.

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.

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