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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.
April creditors meeting urged over major fraud
The Bahamian liquidators of an alleged multinational fraud that has ensnared a BISX-listed firm’s affiliate have applied to the Supreme Court for an Order that the first creditors meeting be held during April 2013.
Benchmark denies 'material impact' via client's liquidation
BENCHMARK (Bahamas) yesterday said the Supreme Court-supervised liquidation of one of its key clients would “not have a material impact” on its financial position or “long-term development”, expressing confidence that it would achieve long-term business development goals.
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
Bahamas earns 83-82 FIBA win
A shorthanded Team Bahamas, reduced to just nine players, delivered their best performance and the team’s only win of the FIBA 2019 World Cup Qualifiers. Buddy Hield and Travis Munnings led five players in double figures with 19 points apiece and th
Amateur golfers take the spotlight in Cayman
THE 62nd Caribbean Amateur Golf Championships continued at the North Sound Golf Club in the Cayman Islands and several Bahamian golfers lowered their scores from the opening rounds.Team Bahamas includes nine golfers - Richard Gibson Jr, Pablo Nahmias
Legal threat to $5m benchmark pref equity
Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.
Financial Bowling League
THE top scorer in Financial Bowling League competition last night was Greg Taylor of Strike Force with a 244 high game and a 579 high three game set. The runner-up was Sammie Symonette also of Strike Force with a 227 second high game and a 547 secon
Long Island - residents’ point of view
We write in response to an article in The Tribune dated April 2, 2015, page 8A & 9A. Residents of Long Island were deeply troubled and saddened by the utter nonsense written by Mr Adrian Gibson, a non-resident of the beautiful Long Island.
Don’t gamble away the legal profession
Do you consider yourself a gambler? Opening the Bahamian legal system to foreign law firms is just that: A gamble. There is only a small chance (20 per cent, give or take) that opening the legal system to foreign law firms will drastically increase offshore financial services bsiness for the Bahamas.
Police Farce: Audit exposes RBPF
RESEARCHERS who conducted a manpower audit of the Royal Bahamas Police Force flayed last year’s promotional exercise in their report while revealing the top-heavy Force needs 791 more constables to be more effective.
Hurricanes coaching staff optimistic on defensive lineman Elijah’s potential
THE Miami Hurricanes coaching staff is optimistic on the potential of true freshman defensive lineman Elijah Roberts.
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.
Sports in brief
THE New Providence Basketball Association resumed its regular season play at the CI Gibson Gym over the weekend after taking a break for the Christmas holiday.
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
Bahamas Showcase: Catamounts get 66-64 win over Norsemen
THE University of Vermont Catamounts made history, becoming the champions of the initial Bahamas Showcase with a 66-64 victory over the Northern Kentucky Norsemen.Most valuable player Trae Bell-Haynes, who finished with 19 points, canned the game-win
Heartbreaking loss for Bahamas
THE Bahamas men’s national team dropped a heartbreaking 84-81 loss to Mexico and now they are automatically eliminated from contention of winning the CentroBasket Tournament in Panama.
Bridgewater leading scorer with 22.4 points per game
DOMNICK Bridgewater continues his dominant play in his second stint in France’s NM2 League.
Karl McCartney and Stampeders lead the west in the CFL
NOW in his sixth season with a Canadian Football League powerhouse, Bahamian veteran Karl McCartney is continuing his role as a special teams ace and reserve linebacker.
