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Former FTX Executive Surrenders $5.9M Bahamas Property in Plea Deal

In a significant development within the bankruptcy proceedings involving the defunct exchange FTX and its debtors, Ryan Salame, former co-chief executive of the company, has agreed to forfeit his $5.9 million Bahamas property as part of a plea deal in a criminal case. This decision follows Salame’s guilty plea in September 2023, where he pleaded […]

How to Tell if an Online Photo is Fake

Landmark renewable energy project begins operations in The Bahamas

Fairfield Solar Plant began operations today as one of the two solar plants in Grand Bahama developed by Lucayas Solar Power Ltd. Fairfield is the first solar plant in The Bahamas financed by IDB Invest under a power purchase agreement (PPA) framework and will foster sustainable growth in the country through renewable energy. The project […]

Airline debuts service between PBIA and Abaco, Bahamas

PALM BEACH COUNTY, Fla. — Tropic Ocean Airways is planning to launch flights between Palm Beach International Airport and Abaco, Bahamas, on Wednesday. The Fort Lauderdale-based airline, which provides charter service, will fly out of Palm Beach Atlantic Aviation at PBIA and Marsh Harbour Cherokee Aviation. The company was founded in 2009 by former U.S. […]

The Most Expensive Home in The Bahamas Just Sold for a Record $40 Million

Aspara, an ultra-opulent oceanfront mansion in The Bahamas, just traded hands for a record $39.49 million. Located within the exclusive Old Fort Bay community, the palatial estate marks the priciest residential sale publicly promoted on the island, according to Matthew Marco of BOND Bahamas, who represented both sides of the deal. “Apsara is truly a […]

Royal Bank appoints new Managing Director for The Bahamas and Turks & Caicos

NASSAU, BAHAMAS — RBC Royal Bank (Bahamas) Limited has announced the appointment of Ericka Rolle as Managing Director, The Bahamas and Turks and Caicos Islands (TCI). Rolle, who currently serves as Country Head in the Cayman Islands will return to The Bahamas to assume her new position effective May 1, 2024. In addition to being […]