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DAMIAN Williams, US Attorney for the Southern District of New York, said Sam Bankman-Fried’s arrest on Monday was dictated by law enforcement as opposed to any other considerations, including his scheduled testimony in Congress on Tuesday.
A financial expert urged residents to take a “pause” and not to go broke this Christmas season while shopping.
AFTER several months of negotiations, Nassau Flight Services and the Airport Airline and Allied Workers Union (AAAWU) signed a five-year industrial agreement at the Office of the Prime Minister yesterday.
ACTING Commissioner of Corrections Doan Cleare said former FTX CEO Sam Bankman-Fried is getting no preferential treatment in prison, adding that “all inmates are treated equally”.
THE National Director of the Governor General’s Youth Award (GGYA) Jacquetta Lightbourne- Maycock travelled to the United Kingdom last month to address a fundraising dinner attended by Prince Edward, chairman of trustees of The Duke of Edinburgh’s International Award Foundation.
A MAN was ordered to pay a $15,000 fine after he admitted to having 10 lbs of marijuana in his possession.
A MAN accused of shooting at a woman as she drove away in her car was denied bail in the Supreme Court.
FOUR boys admitted to trespassing on school premises after dark intending to commit an offence.
TOURISM, Aviation and Investments Minister Chester Cooper says he anticipates that tourism arrivals for next year will “be the best” the country has ever seen, with forward bookings for the first half of 2023 already showing promising signs.
AMID some criticism over the national Christmas tree decorations, Youth, Sports and Culture Minister Mario Bowleg shied away from revealing the cost of the project, adding that he found no issue with the aesthetics.
UNITED States Congresswoman Maxine Waters expressed hope that former FTX CEO Sam Bankman- Fried’s arrest and arraignment will signal him being held accountable for the alleged “fraud” he committed leading to the giant crypto exchange firm’s disgraceful fall, affecting as many as one million people.
AFTER several months of deliberation, the government has selected the winning bidder for the redevelopment of the Grand Bahama International Airport.
WITH the arrest of former FTX CEO Sam Bankman-Fried dominating international headlines, Acting Prime Minister Chester Cooper gave an assurance yesterday that the government will continue to protect the country’s reputation, while expressing confidence in the nation’s judicial system.
FTX CEO John Ray III said the Chapter 11 process in Delaware is the only clear option that gives visibility to customers about what happened to the fallen crypto giant and a chance to recoup their money, as he lambasted the process in The Bahamas as not transparent.
THE Davis administration plans to present its final proposal to the Bahamas Public Service Union (BPSU) today, State Minister of Public Service Pia Glover-Rolle said yesterday. She is hopeful a new industrial agreement can be signed before the end of the year.
STATE Public Service Minister Pia Glover-Rolle said yesterday that by the first quarter of next year the government is aiming to resolve the long-standing concerns of public servants from the Ministry of Social Services.
A 73-YEAR-OLD Grand Bahama man convicted of having unlawful sexual intercourse with an eight-year-old girl was sentenced to ten years behind bars yesterday.
A 20-YEAR-OLD man appeared in Magistrate’s Court yesterday in connection with last week’s fatal stabbing in Pinewood Gardens. Shamar Hepburn faced Magistrate Kendra Kelly on a charge of murder.
A MAN was remanded to prison yesterday after denying assaulting a woman with his car last week.
A TEENAGER was sent to Simpson Penn Centre for Boys after admitting to injuring a man yesterday.
DISGRACED former FTX CEO Samuel Bankman-Fried was denied bail by Chief Magistrate Joyann Ferguson-Pratt and remanded to the Bahamas Department of Correctional Services (BDCS) until his next court appearance in February.
Former FTX CEO Sam Bankman-Fried has been denied bail by Chief Magistrate Joyann Ferguson-Pratt and has been remanded to the Bahamas Department of Corrections.
LABOUR and Immigration Minister Keith Bell revealed that necessary upgrades to the Carmichael Road Detention Centre will cost “seven figures at the very minimum”.
FOREIGN Affairs Minister Fred Mitchell yesterday defended Works and Utilities Minister Alfred Sears over the controversy surrounding the latter’s conflicting statements over the Bahamas Power and Light fuel hedging issue.
ACTING Prime Minister Chester Cooper yesterday hailed the National Investment Funds Bill 2022 as a “transformational” piece of legislation that will lay the foundation for public sector investing and reinvestment in support of the country’s national development goals.