NASSAU, BAHAMAS — Jerone Roberts, attorney for FTX mogul Sam Bankman-Fried, told the court that his client was “anxious to leave” The Bahamas where he has been remanded for the past week. Bankman-Fried waived his right to a formal extradition hearing before Magistrate Shaka Serville this morning, bringing an end to the days-long speculation over […]
NASSAU, BAHAMAS — Extradition proceedings for disgraced FTX billionaire Sam Bankman-Fried is expected to resume in Magistrates Court today. Bankman-Fried’s lawyers as well as embassy officials were spotted at the courts yesterday; however, no further statement was made to the media. He’s facing a litany of fraud charges related to the collapse of crypto exchange […]
NASSAU, BAHAMAS — The Bahamas government faces the “unenviable balancing act” to ensure that its efforts towards ensuring food security do not jeopardize its need for fiscal discipline, according to an Inter-American Development Bank Report. The report assessing the headwinds facing the post-pandemic recovery stated that cost of living increases will disproportionately impact the most […]
NASSAU, BAHAMAS — Bahamas Taxicab Union president Wesley Ferguson is expressing serious concern for the industry’s reputation and is calling for tighter screening and background checks of new entrants. His comments came on the heels of an alleged sexual assault of a female ship worker by a taxi driver last week. In an Eyewitness News […]
NASSAU, BAHAMAS — Tackling the learning loss is the main issue on the agenda for the Ministry of Education, according to officials, who say that there will be a strong focus on reform and ensuring that both teachers and students have what they need for success. This year, the company, Renaissance was chosen by the […]
NASSAU, BAHAMAS — While the ground-breaking for a multimillion-dollar cruise port and resort in Long Island on Monday marked the start of construction plans for significant development in the country, those more concerned about the sustainability of these deals say that it comes at a price to neighboring communities. Environmentalist and Secretary of the Bahamas […]
NASSAU, BAHAMAS — After meeting with government officials last week to discuss their concerns, Straw Market Association President, Rebecca Small said that things are looking up for vendors who were closed for the greater part of the pandemic and saw a soft opening between this year and last year. As the country and tourism sector […]
NASSAU, BAHAMAS — The development of a $250 million cruise port and resort in south Long Island and other spin-off businesses could be “just what the doctor ordered” for the island’s ailing economy it was noted yesterday, with developers breaking ground on the much-touted project. Azul Destinations and Calypso Cove Destinations have committed to building […]
NASSAU, BAHAMA — Several crypto investors who claim to have lost millions due to the FTX collapse say they were left frustrated and disappointed after police refused to lodge their official complaint. Several investors in the bankrupt crypto lender Celsius sought to file criminal complaints with the Financial Crimes and Corruption Unit on Saturday against […]
NASSAU, BAHAMAS — A 28-year-old ship worker was allegedly sexually assaulted by a taxi driver early Friday morning. According to police, the woman was out with friends when she got sick and a taxi was called to transport her back to the vessel sometime around 1am. “It is further reported the victim was taken to […]
NASSAU, BAHAMAS — President of the Bahamas Nurses Union, Amancha Williams said that the number of nurses leaving the public health system continues to climb with as many as 70 nurses leaving this year as she put officials on notice of looming industrial action. She said the trend is an increasing concern among younger nurses […]
NASSAU, BAHAMAS — FTX Bahamas’ joint provisional liquidators yesterday announced the launch a case website which will be used to keep stakeholders updated on the status of their work. FTX Digital Markets was placed into provisional liquidation by the Supreme Court of The Commonwealth of the Bahamas November 10. The Supreme Court appointed Brian Simms […]
