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The Latest Breaking News from Bahamas

Tanker Breaks Down in Suez Canal, but Traffic Not Disrupted

A tanker transporting liquefied natural gas broke down in the Suez Canal on Wednesday but traffic in the global waterway was unaffected, a canal spokesperson said. The Bahamas-flagged Grace Emilia suffered a malfunction of its rudder and tugboats pulled it to the side of the canal to allow other vessels…

Asharq Al-Awsat

Sam Bankman-Fried's family has been dragged into FTX's bankruptcy proceedings

In a court filing last week, lawyers for FTX’s new management team asked the judge overseeing the bankruptcy to issue subpoenas to SBF’s family.

Fortune

Ben Silverman blows five-shot lead but wins in playoff at Korn Ferry Tour’s Bahamas Great Abaco Classic

Ben Silverman is a 35-year-old journeyman who was in the field on a sponsor exemption.

USA Today Sports Media Group

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The founder of the infamous Fyre Festival is planning another business venture

Billy McFarland spent four years in prison after the collapse of the previous event.

Fortune

Galloway Fisheries Trust on hunt for next intern

The organisation has had a successful intern programme, with a previous participant having landed a job in the Bahamas

Daily Record

Coast Guard stops boat with 400 Haitians off the Bahamas that was likely headed to Florida

The U.S. Coast Guard stopped a migrant boat carrying nearly 400 people from Haiti near an isolated island in the Bahamas, according to Bahamian officials.

Miami Herald

How a Coast Guard plane scoured islands looking for migrants — and what the crew found

CAY SAL BANK, Bahamas — High above a remote uninhabited Bahamian island, a U..S. Coast Guard air crew on patrol watches as a man and small child fish from a white-sand beach. A twin-outboard engine cabin cruiser is anchored in a cove just a few feet from shore.

Miami Herald

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What next for French victims of the FTX cryptocurrency exchange collapse?

The collapse of the FTX cryptocurrency exchange has had repercussions around the globe, with more than a million clients losing money overnight. In France, some 50,000 to 60,000 people were affected. As they look for legal solutions to get their money back, will the victims continue to invest in cryptocurrency?

Radio France Internationale

Chandler Phillips fights off nerves for first Korn Ferry Tour win at 2023 season opener in the Bahamas

The tour will stay in paradise for a second week with the Bahamas Great Abaco Classic at The Abaco Club next week.

USA Today Sports Media Group

Cruise ship crew rescues 17 migrants who were ‘adrift and in need of assistance’

MIAMI — A Royal Caribbean crew rescued a group of migrants while the cruise ship was heading to the Bahamas on Sunday.

Miami Herald

Bahamas interception of sea-borne Cuban migrants jumps in 2022

The Bahamas detained an increasing number of sea-borne Cuban migrants in 2022 compared with 2021, according to figures released to Reuters, as an economic crisis triggered an exodus from the Communist-run island.

Reuters

Akshay Bhatia tied for lead after two days at Korn Ferry Tour’s Bahamas Great Exuma Classic at Sandals Emerald Bay

Akshay Bhatia won for the first time on the Korn Ferry Tour this time last year.

USA Today Sports Media Group

The Hidden History of the World’s Top Offshore Cryptocurrency Tax Haven

The Bahamas represents how global capitalism can go very right, and very wrong, at exactly the same time.

Foreign Policy

Golfweek’s Best 2023: Top 50 courses in Mexico, Caribbean, Atlantic islands and Central America

The 2023 Golfweek's Best ranking of tropical courses include plenty of water views.

USA Today Sports Media Group

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Los Angeles Times

Ex-Girardi CFO denied bond in $10 million 'side fraud'

LOS ANGELES — The former chief financial officer of Tom Girardi's now-shuttered law firm will remain in custody after a federal judge in Los Angeles ruled Monday that his steps to liquidate his assets, stash money overseas and purchase a home in the Bahamas increased his risk of fleeing from…

The Independent UK

'The money is gone': Bahamas tries to turn page after FTX

At a recent celebration of Christmas in the Bahamas, Bishop Lawrence Rolle sang about a half dozen songs, mostly Afro-Caribbean gospel songs

The Street

Norwegian Cruise Line Launches New 'Experiences at Sea'

This year cruise fans can get down with 311, get serenaded by Jeff Tweedy, or kick it with wrestling legend Jericho.

The Street

Stocks Slip Lower, Southwest, FTX, Spending Bill, Trump Taxes - Five Things To Know

Stock futures slip as traders close out brutal year for global equities; Southwest slides as flight chaos looks set to clip Q4 earnings; Bahamas regulators hold $3.5 billion in FTX Digital assets; President Biden signs $1.7 trillion spending bill, averting government shutdown and Congressional Democrats to release Trump tax returns…

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The Independent UK

Judge kept FTX execs' plea deals secret to get founder to US

A judge agreed to keep secret that two of Sam Bankman-Fried's executive associates were cooperating with investigators so that the cryptocurrency entrepreneur would not change his mind and fight extradition from the Bahamas to the United States

AFP

FTX boss Bankman-Fried to be freed on bail over fraud charges

New York (AFP) - A US judge ordered FTX co-founder Sam Bankman-Fried be released on $250 million bail Thursday while he awaits trial on criminal fraud charges over the spectacular collapse of his crypto exchange.

The Independent UK

FTX founder Sam Bankman-Fried to be released on $250m bail after first US court appearance

Former head of failed crypto exchange was extradited to US after arrest in Bahamas

AFP

FTX boss Bankman-Fried expected in US court on fraud charges

New York (AFP) - FTX co-founder Sam Bankman-Fried was due to appear in a US court Thursday to face criminal fraud charges over the spectacular collapse of his crypto exchange.

France 24

FTX founder Bankman-Fried to appear in court after extradition to US

FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, where he had remained since the collapse of his now-bankrupt cryptocurrency exchange.

AFP

Bankman-Fried extradited to US to face fraud charges over FTX collapse

New York (AFP) - FTX co-founder Sam Bankman-Fried arrived in the United States from the Bahamas in FBI custody on Wednesday, US media reported, facing criminal fraud charges after the spectacular collapse of the crypto exchange.

AFP

Bankman-Fried in US custody, two associates plead guilty to FTX fraud

Nassau (Bahamas) (AFP) - US law enforcement on Wednesday took custody of Sam Bankman-Fried and were flying him from the Bahamas to New York, where prosecutors said two associates of the FTX founder had now pled guilty to charges related to the company's collapse.

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