In a lasting tribute to his memory, Mr. Garraway’s family recently gave $100,000 to The College of The Bahamas to establish the Francis Alexander Garraway Memorial Endowment.
Bahamas-based investors pulled out after federal authorities raided the offices of Imperial Holdings and numerous shareholder class action securities fraud lawsuits were filed.
Over the past year, the Bahamas Mortgage Company has foreclosed on 20 to 30 homes, with two people being evicted due to their refusal to pay.
Two US brothers and their cousin had $26,000 in poker winnings confiscated by authorities because they failed to declare their winnings as they left the Bahamas.
Bahamas Supermarkets Limited still owes the Police Staff Association over $80,000 and the officers are getting tired of waiting for the negligent City Market owners to respond.
Three young men, travelling back to the US from the PokerStars tournament at Atlantis, had their cash winnings confiscated by authorities when they failed to declare the amount.
For the first time, the exclusive Old Fort Bay club is raising annual membership dues as costs were “at an unsustainable level”. Fees will go up a dramatic 67 per cent.
Four local businesses recently came up winners in the MasterCard-Ministry of Tourism “Find Your Way” initiative, walking away with an early Christmas present of cash.
Minister of State for Finance Zhivargo Laing responded to concerns over the government’s recent borrowing and current debt levels, stressing that the government will not default on its loans.