A U.S. judge has denied requests by Credit Suisse and Cushman & Wakefield to dismiss fraud charges made by a former investor in the defunct $4.9 million Ginn Sur Mer development.
Bahamas-based investors pulled out after federal authorities raided the offices of Imperial Holdings and numerous shareholder class action securities fraud lawsuits were filed.
Allen Stanford is charged with swindling about 28,000 investors of more than $7 billion.
Caribbean Marketplace 2012 will feature record representation from Russia, with emphasis on Russian investors as a strong source of tourism and foreign investment.
A luxury resort development on Great Exuma plans to include fractional ownership units in a $40 million 23-unit condo expansion.
The Caribbean is attracting attention from disgruntled Brits eyeing the region for Self-Invested Personal Pension (SIPP) approved property.
Robin Hood struggles to pick up the pieces following a bitter parting of ways with an investor.
CFAL offers some advice to people interested in investing in upcoming Bahamian IPOs, but the best advice is to remember that minority stock holders in The Bahamas have no rights whatsoever.
The Bahamas Financial Services Board (BFSB) last night said it was spearheading a business development mission to Asia, starting on October 24 with stops in Hong Kong, Shanghai and Singapore.