The Bahamas
| Use attributes for filter ! | |
| Capital | Nassau |
|---|---|
| Vernacular language | Bahamian Creole |
| Population | 395,361 (2017) |
| Official language | English |
| Date of Reg. | |
| Date of Upd. | |
| ID | 764145 |
About The Bahamas
The Bahamas is a coral-based archipelago in the Atlantic Ocean. Its 700-plus islands and cays range from uninhabited to packed with resorts. The northernmost, Grand Bahama, and Paradise Island, home to many large-scale hotels, are among the best known. Scuba diving and snorkeling sites include the massive Andros Barrier Reef, Thunderball Grotto (used in James Bond films) and the black-coral gardens off Bimini.
Mangrove forests: Steely gaze of young tigress wins photo awards
... Mangroves & Underwater winner: A Lemon s Life, by Anita Kainrath, BahamasA juvenile lemon shark swims in shallow mangrove forests in The Bahamas...
Justin Timberlake and Tiger Woods hope to open St Andrews sports bar
... Woods said he and Timberlake came up with the idea during a round of golf at their development in The Bahamas...
Haiti crisis: Can Kenyan police officers defeat the gangs?
... No other country has yet publicly pledged to add to the 1,000 Kenyans but the minister said that Spain, Senegal, Chile, Jamaica, The Bahamas and Antigua and Barbuda were also likely to deploy security personnel...
How the fall of the 'King of Crypto' cost one British man millions
... Shortly before his arrest in The Bahamas, Bankman-Fried said in interviews, that he was sorry for financial mistakes he had made...
FTX: 'King of crypto' parents sued over missing millions
... 4m property in The Bahamas, according to the filing...
Clarence Avant: Music industry legend known as the 'Black Godfather' dies aged 92
... " Avant is survived by his daughter, Nicole Avant, a former US ambassador to The Bahamas and the wife of Netflix s chief content officer Ted Sarandos; and his son, Alexander...
Joe Lewis: UK tycoon bailed in US fraud case but can't use superyacht
... Mr Lewis is not allowed to travel abroad, including to The Bahamas oceanside resort he reportedly co-owns with Tiger Woods and Justin Timberlake...
OceanGate: Owner of Titan submersible suspends exploration
... On its website the company had also advertised tours to the Portuguese archipelago of Azores and The Bahamas...
FTX: 'King of crypto' parents sued over missing millions
The Parents of FTX founder Sam Bankman-Fried are being sued over losses linked to the crypto company's collapse.
In a filing, managers at the bankrupt firm accuse the couple of holding millions of " fraudulently transferred" dollars and of turning a Blind Eye to misconduct at The Company .
The Action was filed on behalf of the millions of FTX customers who lost money when it collapsed Last Year .
The Fall of The Company led to the arrest of Mr Bankman-Fried.
US prosecutors have accused the former billionaire, once dubbed the " King of Crypto" of illegally transferring millions from The Exchange to plug losses at his trading firm, make political donations and buy property.
He has denied the charges and is in jail awaiting trial next month.
Attorneys for his Parents said the claims against them were " completely false" and designed to hurt their son's chances at trial.
The, filed as part of a wider bankruptcy suit, says Mr Bankman-Fried's Parents - Then both professors at Stanford University - exploited their " access and influence within the FTX enterprise to enrich themselves, directly and indirectly, by millions of dollars".
They received a $10m (£8m) gift in cash from funds that belonged to Alameda, an FTX partner company, while FTX also gave them a $16. 4m property in The Bahamas , according to the filing.
FTX was once one of the biggest cryptocurrency trading firms in The World , holding assets worth an estimated $15bn in 2021. It filed for bankruptcy Last Year , after a Sudden Rush by customers to withdraw funds revealed a huge gap in The Company 's finances reportedly worth up to $8bn.
Managers for the bankrupt firm say it was used by Mr Bankman-Fried and other " insiders" as a " piggy bank" and his Parents " helped perpetuate or benefited from this fraudulent largesse".
The filing claims his father, Allan Joseph Bankman , an expert on US Tax Law , served as a adviser to FTX and " played a key role in perpetuating this culture of misrepresentations and gross mismanagement and helped Cover Up allegations that would have exposed the fraud".
He also helped to quash an internal complaint alleging price manipulation made in 2019, it adds.
Mr Joseph Bankman was allegedly treated to stays at hotels charging $1,200 a night, while the lawsuit cites messages in which he complains about receiving a $200,000 salary, claiming it is supposed to be $1m.
Meanwhile Mr Bankman-Fried's mother, Barbara Fried , helped direct her son's political donations, encouraging him to obscure their source, according to the filing.
Managers for FTX are seeking to recover money from the couple.
The downfall of Mr Bankman-Fried, one of The Most high-profile players in the industry, sent shudders through the sector and helped to galvanise regulatory scrutiny.
Related TopicsSource of news: bbc.com
