Be warned: That Facebook ad you clicked on may be for counterfeit goods
By Lorenzo Franceschi-Bicchierai From Mashable Think twice before buying those shiny — yet extremely cheap — Ray Ban glasses advertised on Facebook. There’s a chance they’re fake. At least, that’s the conclusion of a new study by two cybersecurity researchers…
Spectacular glass sculptures inspired by Shayna Leib
From Daily Designer Glass-Sculptures-Inspired-by-Wind-and-Water-5 Shayna Leib‘s sculptures are inspired by wind and water, two elements that the artist confronted during her trips around the globe. Her sculptures do a great job at rendering movement and recreating some things you can…
Madoff feeder funds [Cayman Islands] agree to $497M settlement
By Kevin McCoy, From USA TODAY Two Cayman Island financial funds that invested heavily with Ponzi scheme architect Bernard Madoff’s business have agreed to a nearly $497 million settlement with the court trustee seeking the disgraced financier’s assets on behalf…
Finance Ministers in 51 Countries declare Bank Secrecy Act ‘Obsolete’ [Cayman Islands follows Germany’s lead]
By Carlo Caraluzzo Finance ministers from more than 50 countries recently signed the Multilateral Competent Authority Agreement, with another 30 countries pledging to sign the agreement by 2018. The agreement, signed in Berlin, is an effort to end what the…
Challenges mushroom for embattled HDG Mansur chief [and Cayman Islands funds]
By Greg Andrews From IBJ Most of the real estate developers who have left a big stamp on Indianapolis have had an audacious streak. That was certainly true of Mansur principals Harold Garrison and Cornelius Alig, whose headline-grabbing projects downtown…
Cayman Islands: Misconceived clawback claims by liquidators
Article by Nigel K. Meeson Q.C. From Conyers Dill & Pearman Victory for Redeeming Investors There has been a notion floating around the offices of Cayman Islands liquidators that a redeeming investor from a fund is liable to have its…
Christmas survival guide
By Samuel Rosenburg From Caribbean360 NEW YORK, United States, – Even where people spend 10 months of the year carefully managing a budget so that their income and expenses are carefully looked after, Christmas is the time of the year…
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St Kitts and Nevis: Caribbean rivals target high-end home buyers
By Teresa Levonian Cole from FT The two Caribbean islands are both focusing on the elite market with a series of prime housing projects f you’re here, you’re not all there,” runs the joke on the sleepy Caribbean island of…
Cayman Islands are now America’s biggest foreign investor
By Michael Ide From Value Walk China and Japan still own the largest portion of Treasury securities, but the Caymans have the biggest holding of US equities If you were to guess which countries of the biggest investors in US…
Bahamas debt higher than ‘2/3 of world’
By Neil Hartnell Tribune Business Editor From Tribune 242 The Bahamas may be the least indebted tourism-based economy in the Caribbean,but a top International Monetary Fund (IMF) executive has warned its debt-to-GDP ratio is higher than “two-thirds” of other countries. This…
