June 19, 2013

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Marchant to identify 2 active Ponzi schemes

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Active Ponzi schemes to be named and shamed at OffshoreAlert Conference
OffshoreAlert publisher David Marchant will identify at least two active Ponzi schemes at next month’s OffshoreAlert Conference in Miami Beach, Florida.
“Both are hedge funds that are domiciled in the Cayman Islands,” says Marchant. “I will name them, pull up their web-sites and explain to attendees [...]

Grand Old House: Where tradition lives and life is celebrated

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From Garfene Grandison, Food Writer, The Gleaner
Grand Old House, formerly known as Petra Plantation, is one of Cayman’s most beautiful and well-known historic homes. The Biblical city of Petra was described as a place of refuge and to many Caymanians and tourists alike, the Grand Old House is also a place of refuge- providing your [...]

Lifting the veil on Grand Cayman

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By Aaron Friedly, from AFAR.com
Grand Cayman is not all offshore banks and transplanted NYC fund managers in Teva sandals and bad Reyn Spooner shirts. Nor is it purely the monolithic mega-resorts dotting the well known Seven Mile Beach. Fortunately for the experiential traveler, outside the tourist hot zone and toward the laid back West Side, [...]

Nothing but empty promises from this former mobile giant?

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From Seeking Alpha
To a limited extent, BlackBerry’s (BBRY) current performance is reminiscent of a dotcom’s. Fourteen years ago, any company even mildly associated with the internet could list itself with no profits and yet see its stock rise on the basis that it carried some disruptive technology (supported by previously unheard-of metrics) and had the [...]

Attorney Anthony Akiwumi ‘deliberately’ breached court order, says Cayman’s Chief Justice

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Anthony Akiwumi, Head of Litigation for Cayman Islands-based law firm Stuarts Walker Hersant, has been accused of contempt of court by Cayman’s Chief Justice, Anthony Smellie.

Cayman Islands Chief Justice Anthony Smellie has set aside a default judgment in a defamation action after determining that a client of law firm Stuarts Walker Hersant benefitted from a [...]

Barry Callebaut unveils its first Cocoa Horizons Truck -

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Barry Callebaut unveils its first Cocoa Horizons Truck – a unique mobile training unit set to reach 10,000 cocoa farmers in the first year
WEBWIRE – Thursday, April 25, 2013
-Barry Callebaut launches its first Cocoa Horizons Truck – a multi-purpose mobile unit to bring farmer training, basic health care and education directly to the cocoa farming [...]

Bahamas team wins the 2013 Offshore World Championship in Costa Rica

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By Dan Jacobs / Sport Fishing Magazine
After an amazing final day tally of 15 sailfish releases and one 27lb dolpin team 33 roars up from 14th place on day three to capture the championship by a mere 27 points! Congratulations to our 2013 OWC Champions Paul King, Roger Gutierrez, Jimmy Bernard, Keith Kelty and Geoffrey [...]

Valjas, Broder advance to main draw

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By Louis Daignault, Island Sports News
April 24, 2013, Fuzhou, China (ISN) – Kristina Valjas of Toronto and Jamie Broder of Victoria advanced to the main draw at the China Open beach volleyball tournament on Wednesday.
They join Heather Bansley and Liz Maloney of Toronto who had a bye to the championship group.
In qualifying, Valjas and [...]

Select Resorts Launch “The Beach Villas” in the Cayman Islands

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by Allison Halliday, Realty Biz
The Beach Villas are six contemporary styled oceanfront properties that are situated on the gorgeous Caribbean island of Little Cayman. The Cayman Islands consists of three different islands which are Grand Cayman, Cayman Brac and Little Cayman, and these exclusive islands are situated just off the coast of Jamaica. The islands [...]

Trustee in Madoff fraud loses court ruling

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From Business Day
The trustee seeking money for victims of Bernard L. Madoff’s multibillion-dollar Ponzi scheme was barred on Monday from blocking a $410 million settlement resolving New York State’s claims against a hedge fund manager, J. Ezra Merkin, who was accused of secretly steering client money to Mr. Madoff.
The trustee, Irving H. Picard, had contended [...]