IAIS Global Seminar hosted by CIMA Starts On Monday (18)
The International Association of Insurance Supervisors (IAIS) Global Seminar and Triennial Committee Meetings hosted by CIMA will take place at the Ritz Carlton on Monday 18th until 21st June. CIMA will host 120 delegates from around the world for the…
Allen Stanford jailed for 110 years for $7bn Ponzi
Disgraced tycoon Allen Stanford has been sentenced to 110 years in jail for operating a Ponzi scheme that defrauded investors of more than $7bn (£4.5bn). The scheme was described as one of the largest in US history. In court, Stanford…
Some cry ‘coup’ as Egypt’s highest court annuls parliament, military extends power
Egypt’s highest court declared the parliament invalid Thursday, and the country’s interim military rulers promptly declared full legislative authority, triggering fresh chaos and confusion about the country’s leadership. The Supreme Constitutional Court found that all articles making up the law…
Upper Crust feud involves false claims for trips to Cayman Islands
The embattled Upper Crust pizza chain, already under federal investigation for its labour practices, is now riven by a nasty battle for control of the company among its co-owners, who are accusing each other of misusing corporate funds for personal…
Trio investors demand release of documents in $176 million fraud that ended up in Cayman Islands
Investors who lost their savings in the Trio Capital fraud have called for the release of documents, which they hope will expose the associates of the criminal mastermind Jack Flader. Flader was the architect of Australia’s largest superannuation fraud in…
Inovio Pharmaceuticals to Participate in BIO Vaccine Panel and Present at Marcum Investor Conference
Inovio Pharmaceuticals, Inc. (nyse mkt:INO) announced today that Dr. Niranjan Sardesai, COO, will participate on a panel of senior vaccine experts at the 2012 BIO International Convention,the largest global event for the biotechnology industry. Dr. J. Joseph Kim, President and…
Huge wildfires hit Colorado and New Mexico
Hundreds of firefighters have joined efforts to tackle two of the biggest wildfires ever seen in the US states of Colorado and New Mexico. The Colorado blaze shrouded the state capital, Denver, 60 miles (100km) away, in smoke, hampering rescue…
Be energy patient. Barbados is. Power restored there after Tomas in 16 days. Grand Cayman took 77 days after Ivan.
…in aftermath of a hurricane In the aftermath of the passage of Tomas, 30 000 customers of the Barbados Light & Power were affected. It took 16 days to restore 99 percent of the island and 30 days for full…
Iraq: Amnesty International condemns killings of pilgrims during Shi’a festival
A wave of bombings and other attacks in several Iraqi provinces including a number of locations in Baghdad that reportedly killed at least 55 people and wounded dozens during a major Shi’a religious festival has been condemned by Amnesty International….
Cayman Islands all set for Audi Sardinia Cup
A fleet of TP52 and Soto 40 racing yachts representing six nations – Cayman Islands, France, Great Britain, Italy, Sweden and the USA – is ready for the start of racing in the Audi Sardinia Cup, scheduled to commence tomorrow…
