Bahamas Financial News

22.08 / 17:43

UPS MET Waters Fallout Returns Fraudulent luxury Fyre Festival returns: A second chance or a recurring mirage?

Fyre Festival is making a comeback with tickets for its second attempt currently up for grabs at a price of $499 (£391). Organized by Billy McFarland, the original festival, which was slated for the Bahamas in 2017, turned into a catastrophic failure causing over $26 million (£20 million) in losses due to substandard accommodations, inadequate food, and water supply issues.

22.08 / 16:27

Provident Man Waters Align electronic Lawyers Fried Sam Jailed Sam Bankman-Fried can't prepare for trial on a diet of bread, water and peanut butter: lawyers

NEW YORK — FTX Trading Ltd. founder Sam Bankman-Fried can’t adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate and a better diet than bread, water and peanut butter, his lawyers told a magistrate judge Aug. 22.

21.08 / 10:52

UPS Ford CEO awards Actor Clinton Global Initiative will return to New York with Jose Andres, Orlando Bloom, and Matt Damon

The Clinton Global Initiative 2023 will convene “leaders, innovators and dreamers” – ranging from World Bank President Ajay Banga and The Bahamas’ Prime Minister Philip E

18.08 / 18:51

CBDC Adoption MasterCard Mastercard Launches Forum for Crypto Industry Players to Discuss CBDCs

Payments giant Mastercard has established a forum to facilitate discussions and collaboration among industry players in the cryptocurrency sphere regarding central bank digital currencies (CBDCs).

15.08 / 05:51

show Political Donations Fried Sam Sam Bankman-Fried used $100 million in stolen FTX funds for political donations, US says

FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday. An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans, and to conceal where the money came from.

15.08 / 05:15

Cooper Google CEO Platform show Fried Sam Testimony from Sam Bankman-Fried's trusted inner circle will be used to convict him, prosecutors say

Prosecutors say they'll use testimony from FTX founder Sam Bankman-Fried's “trusted inner circle” of former executives at his collapsed cryptocurrency empire against him at an October trial

14.08 / 22:39

regulation crimes FTX Court Fried Sam Superseding indictment against Sam Bankman-Fried includes using $100M for campaign contributions

The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried, which includes allegations of campaign finance law violations as part of a wire fraud scheme.

14.08 / 20:45

Citi Provident FIVE Fox star MDC Jail Fried Bankman-Fried heads to Brooklyn jail notorious for poor conditions

By Luc Cohen

14.08 / 20:01

regulation crimes FTX Court Medicine Lawyers Fried Sam Sam Bankman-Fried will 'return to his depression' without access to medication, say defense lawyers

The legal team defending Sam Bankman-Fried (SBF) against criminal charges has requested a federal judge allow the former FTX CEO to have access to antidepressants while in jail.

14.08 / 19:05

FIVE MDC Jail Lawyers Fried Sam FTX's Sam Bankman-Fried needs depression, ADHD meds in jail, lawyers say

Sam Bankman-Fried, the indicted founder of bankrupt cryptocurrency exchange FTX, needs access to medications to treat depression and attention deficit hyperactive disorder (ADHD) while jailed ahead of his fraud trial, his lawyers said on Monday. In a letter, Bankman-Fried's lawyers asked US District Judge Lewis Kaplan to order the Metropolitan Detention Center (MDC) in Brooklyn to ensure their client has a daily Emsam skin patch for depression and three or four doses a day of Adderall for ADHD.

11.08 / 08:43

UPS Citi Provident Fried Sam Returns FTX founder Sam Bankman-Fried returns to New York as prosecutors push for his incarceration

FTX founder Sam Bankman-Fried is returning to New York City for a bail hearing

11.08 / 06:53

trudeau VACATION Justin Trudeau and family vacation in B.C. following separation news

Justin Trudeau and his family are vacationing in British Columbia for just over a week, the Prime Minister’s Office says.The PMO is not specifying where they will be staying, but says they are set to return to Ottawa on Aug.

08.08 / 20:17

Law regulation crimes FTX Deal Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States.

08.08 / 18:53

regulation crimes FTX Court Fried Sam Prosecutors will still consider Sam Bankman-Fried's alleged campaign finance scheme at trial

The United States Attorneys’ offices has announced another superseding indictment against former FTX CEO Sam Bankman-Fried (SBF) which will include considering an allegedly illegal campaign finance scheme.

04.08 / 07:45

Blockchain Provident Digital Platform Interface Matrix Banking infrastructure provider Emtech raises $4 million in round led by Matrix Partners India

Emtech Solutions has raised $4 million as a part of a fresh funding round led by Matrix Partners India. The round also saw participation by global investors, including BTN, VestedWorld, Equity Alliance and Lofty Inc. The US-based company said it would use the fresh funds to continue developing its products and infrastructure stack.

03.08 / 07:39

Booking CEO Pool love show star electronic Jail Lawyers Fried Sam FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrong

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

02.08 / 19:35

Booking CEO Pool love show star electronic Jail Lawyers Fried Sam FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrong

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

02.08 / 03:47

Booking CEO Pool love show star electronic Jail Lawyers Fried Sam FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrong

FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on «innuendo, speculation, and scant facts.» The written submission in Manhattan federal court was a response to the prosecution's claim last week that no bail conditions can stop the onetime cryptocurrency power broker from trying to improperly influence the potential jury pool for his October 2 trial. Bankman-Fried, 31, has been free on a $250 million personal recognizance bond since his December extradition from the Bahamas to face charges in New York that he defrauded investors in his businesses by diverting millions of dollars from their intended purpose.

02.08 / 01:07

Cooper country Support Bahamas to join Kenya in security force in Haiti as support grows

United Nations Security Council," the ministry said in a statement. The Bahamas' statement echoed comments from Kenyan Foreign Minister Alfred Mutua, who described the security intervention as an opportunity to stand "with persons of African descent across the world." It added the Bahamas looks "forward to cooperating with hemispheric partners including the United States and Canada." US Secretary of State Antony Blinken on Tuesday commended Kenya for "considering to serve as the lead nation" for the multinational force and expressed support for its authorization from a UN Security Council Resolution.

01.08 / 17:09

UPS Target SEC Inside poker Pilots Paramours, Pilots and a Poker Pal: Longtime Tottenham Owner Allegedly Shared Ins

The globe-trotting billionaire Joe Lewis , longtime owner of the London soccer club Tottenham Hotspur, spent the evening of July 25, 2019, with a woman who was then his girlfriend, dining on room service at the Four Seasons hotel in Seoul. U.S. prosecutors say he also fed her confidential information about coming disclosures by a life-sciences company that she used to make stock trades that ultimately netted her hundreds of thousands of dollars.

28.07 / 13:33

UPS FIVE Man Williams Pool show Fried Sam Campaign finance charge dropped from case against Sam Bankman-Fried

Prosecutors have withdrawn a campaign finance charge from eight counts among charges FTX founder Sam Bankman-Fried will face at an October trial

what's happening in Bahamas

What is the current situation in Bahamas?

In Bahamas, the spotlight is on local government initiatives that affect the region’s daily life.

Where can I find reliable news about Bahamas?

We publish in-depth coverage about the situation in Bahamas, based on information from regional journalists.

What shapes the media agenda in Bahamas?

The news landscape of Bahamas is shaped by key decisions by local authorities, reflecting its unique context.