Bahamas Financial News

British Airways flight had a shocking experience recently. According to reports, some passengers on a 12-hour-long BA flight were served just one piece of KFC chicken instead of a gourmet meal. The incident happened way back on June 23 but came to light on July 26.

On July 26, the Department of Justice (DOJ) informed federal judge Lewis A. Kaplan that they "do not intend to proceed" with a campaign finance charge against FTX founder Sam Bankman-Fried. 

Federal prosecutors dropped a campaign finance charge against indicted crypto executive and FTX founder Sam Bankman-Fried late on Wednesday, the second time that they've been forced to forgo criminal allegations against the alleged fraudster.

A judge is weighing whether to revoke Sam Bankman-Fried’s bail

United States prosecutors have signaled they will drop a charge against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions.

Reuters. While hearing in Manhattan federal court, prosecutors asked US District Judge Lewis Kaplan to detail Bankam-Fried now. They said that he had crossed a line by sharing his former romantic partner Caroline Ellison's personal writings with a reporter.

By Luc Cohen and Jonathan Stempel

Investing.com -- Sam Bankman-Fried is set to appear in a federal court on Wednesday as a judge considers whether to bar the founder of the now-bankrupt cryptocurrency exchange FTX from making public statements ahead of his upcoming fraud trial.

British billionaire Joe Lewis, the owner of the Tottenham Hotspur soccer club in London, has been charged with insider trading in the US. 

Island Pay, a fintech company based in the Bahamas, has launched a crypto remittance solution to address the extreme high costs associated with traditional cross border payment systems, Bloomberg reported. 

By Marc Jones

FTX founder and former CEO Sam Bankman-Fried (SBF) faces multiple charges of fraud, wire fraud, money laundering, and more by US prosecutors. 

Defunct cryptocurrency exchange FTX and its sister company Alameda Research are seeking clawbacks from FTX's philanthropic arm and other life science entities. 

Besides Stockton Rush, entrepreneurs of Pakistan origin Suleman Dawood and Shahzada Dawood, British adventurer Hamish Harding, and French citizen Paul-Henri Nargeolet were killed when the OceanGate submersible Titan imploded, killing all onboard. They were on an adventure trip as well as a research mission and wanted to reach near the debris of the submerged iconic ship Titanic. Participating in a program called ‘60 Minutes Australia’, submarine operator and a friend of Stockton Rush, Karl Stanley said that he had warned the OceanGate CEO about the submersible. Stanley claimed that Rush definitely knew that the mission would end this way. He went to the extent of accusing him of murdering these persons and making them pay for this. Describing his experience of going on a test diving in the Bahamas in 2019, he said that he had heard gun-shot-like noises every three to four minutes. He also said that he had raised his concerns about the carbon fiber hull and warned that it would worsen. He added that he had no doubts that it was the carbon fiber hull that failed. The two friends had a heated exchange of calls and emails. Multiple agencies are investigating the incident. The US Coast Guard, the UK Marine Accident Investigation Branch, and the Transportation Safety Board of Canada are probing the mishap from different angles. Structural titanium rings were seen at the front and rear of the submersible in the pictures of the fragments of the submersible. Scientists believe that extreme pressure at the depth of the ocean might have caused the implosion. Stanley is the owner of Stanley Exploration, a deep-sea exploration company, based in the Latin American country of Honduras.

Pop star Shakira is facing more trouble from Spain’s tax office after a court near Barcelona agreed to open an investigation into a second case of alleged tax fraud by the Colombian singer

Zhe Constance Wang, a former associate of the embattled FTX CEO Sam Bankman-Fried has joined Sino Global Capital, a digital asset fund as its head of gaming. 

The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms. 

(Reuters) -Australia's securities regulator said on Wednesday it had cancelled the license of the local arm of collapsed U.S. cryptocurrency exchange FTX, effective from July 14.

Sixthman, the Hallmark Channel Christmas Cruise is set to provide fans with an immersive experience of their beloved holiday movies brought to life. Scheduled from November 5-9, 2024, the Hallmark Channel Christmas Cruise will take place aboard the Norwegian Gem, which will be transformed into a winter wonderland for the occasion. Departing from Miami and heading to Nassau, Bahamas, passengers will embark on a magical journey where they can revel in the joys of the holiday season.

central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published on Monday. Central banks around the globe have been studying and working on digital versions of their currencies for retail use to avoid leaving digital payments to the private sector amid an accelerating decline of cash. Some are also looking at wholesale versions for transactions between financial institutions. Most of the new Central Bank Digital Currencies (CBDCs) will emerge in the retail space, where eleven central banks could join peers in the Bahamas, the Eastern Caribbean, Jamaica and Nigeria which already run live digital retail currencies, the BIS found in its survey of 86 central banks conducted late 2022. On the wholesale side, which in future could allow financial institutions to access new functionalities thanks to tokenisation, nine central banks could launch CBDCs, the BIS said.

new releases for the first week of July:Bull Shark Bandits (July 2) Dive into the thrilling world of bull sharks and their adventures.Bull Shark vs Hammerhead (July 2) Witness an epic battle between two of the ocean's most formidable predators.Most Extreme Sharks Season 1 Episodes (July 2) Explore the fascinating and extreme behaviors of different shark species.Return of the White Shark (July 2) Discover the majestic return of the elusive white shark to its natural habitat.Saved From a Shark (July 2) Experience heart-pounding stories of individuals who survived shark encounters.Shark Below Zero (July 2) Join a team of daring explorers as they venture into the icy depths in search of sharks.Shark Eat Shark (July 2) Uncover the brutal reality of survival in the shark-eat-shark world.Sharkcano: Hawaii (July 2) Witness the incredible phenomenon of sharks living in the volcanic waters of Hawaii.Sharks vs. Dolphins: Bahamas Battleground (July 2) Delve into the intense rivalry between sharks and dolphins in the crystal-clear waters of the Bahamas.When Sharks Attack: 36 Season 1 Episodes (July 2) Immerse yourself in a gripping series that chronicles terrifying shark attacks from around the world.When Sharks Attack...and Why Season 1 Episodes (July 2) Uncover the reasons behind shark attacks and gain a deeper understanding of their behavior.Kiya & the Kimoja Heroes Season 1 Episodes (July 5) Embark on an animated adventure with Kiya and her superhero friends in this exciting new series.Kizazi Moto: Generation Fire [All Episodes Streaming] (July 5) Experience the action-packed journey of a new generation of heroes in this thrilling series.Secret Invasion Episode 3 (July 5) Catch the latest episode of the highly anticipated series