September 19, 2019

74 Months in prison for securities fraudster who targeted foreign investors

Bill Singer, Contributor Advisor Network According to federal prosecutors, starting around 2005, Cliffe R. Bodden, 49, Lake Mary, FL, and S. George Milter, 33, New York, NY, respectively held themselves out as the: (Bodden) Managing Director of Lempert Capital Management, Ltd., a corporation purportedly incorporated in the Cayman Islands; and (Milter) Chief Executive Officer of […]

Cayman lawyers move against foreign law firms

By James Barnes Global Legal Post Foreign lawyers who wish to practise Cayman Islands law must have substantive links to the jurisdiction to avoid any potential damage to the country’s reputation, a leading lawyer said yesterday. Local lawyer Theresa Pitcairn, one of lawyers pushing for the Legal Practitioners Bill, told the Cayman Net News that […]

Chile: Latin America’s answer to Silicon Valley?

by Dale Quinn The Financialist On November 20th local and foreign entrepreneurs converged in the Chilean capital of Santiago to pitch their start-up ideas to thousands of potential investors. The entrepreneurs had been accepted into an intensive six-month incubator program financed by the Chilean government, which is seeking to diversify the country’s resource-driven economy by […]

Dreamliner: Japan’s ANA cancels more Boeing 787 flights

Japan’s All Nippon Airways (ANA) has said it will cancel all Boeing 787 flights until at least the end of May, in the latest blow to Boeing. International regulators grounded all 787 Dreamliners in January so that safety checks could be carried out on their lithium ion batteries. ANA is cancelling more than 1,700 flights […]

Consultation on Small-scale Fisheries Governance Arrangements for the Caribbean

CTA/CRFM/CNFO Consultation to formulate Small-scale Fisheries Governance Arrangements for the Caribbean BELIZE CITY, BELIZE; SUNDAY, FEBRUARY 24, 2013 – Across the Caribbean, the fisheries sector employs over 182,000 persons, directly or indirectly. Whereas commercial fisheries play a key role in helping to secure foreign exchange earnings in the region, small-scale fisheries is far more dominant […]

Year Ahead a Gamble for Casinos

by Ashley Kindergan The Finacialist New casinos have been popping up all across the United States in the last few years, creating new gaming markets in places where state governments have welcomed new revenue sources to bolster their strained budgets. But the picture isn’t universally rosy. New casinos are luring customers from some long-established gaming […]

Investment Houses comment on Britain’s credit rating downgrade

Tom Burroughes Group Editor in London Editor’s note: Late last week, Moody’s, the rating agency, cut the UK’s rating for debt from Aaa to Aa1, the first time in over three decades that the country hasn’t had a top-level ranking for creditworthiness. The move, while not unexpected – as suggested by the relatively muted market […]

Crime Writer Cornwell awarded $51 Million in Federal Lawsuit

Eliane Chavagnon, Reporter Family Wealth Report Crime writer Patricia Cornwell and her spouse won nearly $51 million in a lawsuit against their former accounting and business management firm, according to Thomson Reuters. New York-based Anchin, Block & Anchin had reportedly been in charge of Cornwell’s business affairs and investments for over four years when she […]

UK’s Inflation History Is Sobering Warning To Anyone Protecting Wealth

Editorial opinion from Tom Burroughes Group Editor in London, Wealth Briefing While they may not be much of a shock to anyone who watches these things closely, figures produced by Lloyds TSB Private Banking demonstrate the devastating impact of inflation over the long haul. And that is something the wealth management industry, never mind central […]

Problems with funding for seamen

At the Thursday (21) Government Weekly Press Briefing, Dwayne Seymour, Minister of Community Affairs, Gender & Housing, said there were problems with funding of seaman’s benefits. Also, because of an increased number of ex seamen or their spouses applying for assistance there has been a delay in applications. The minister said officials were updating the […]