No assets in the Bahamas can be seized for the US $55 million forfeiture order against Derek Guise Turner, as they have been declared the property of Loretta Butler-Turner’s family.
The Cancer Centre’s managing director Arthur Porteris being investigated for possible links to a company involved in an alleged fraud case at McGill University Health Centre in Montreal.
According to court documents, a well-known developer and its financial partner will face fraud charges after a three-judge panel revived a long-standing lawsuit.
Regulators seized computers and a server from the downtown Nassau offices of a business being probed over a $75.5 million discrepancy in a possible multinational fraud case.
Prescription drug orders made through RxNorth, a fraudulent corporation, were filled in the Bahamas, with labels on the vials and drug cartons stating they had been filled in Canada.
A Freeport resident has been charged by US regulators with perpetrating a securities fraud that increased two companies’ stock prices by 600 per cent and 300 per cent respectively.
Sandals Resorts International in The Bahamas is suing a former employee in the Bahamian Supreme Court for making a series of unauthorised wire transfers, totaling $1.6 million.
The Department of Social Services has been swindled by a back-to-school scam, with fraudsters pretending to be in need, then selling government vouchers and pocketing cash.
Eunice Morris, owner of Morris Travel Agency has allegedly changed her name in an effort to escape fraud charges.