Judge hits Bitcoin Ponzi Scheme with $40.7 million penalty
By Chris Morran From Consumerist If someone convinces you to invest with him by promising returns of 7% weekly, and that he’s never lost money and there’s no risk, you should be incredibly concerned about giving him your money, regardless…
World Animal Protection fears talks with Cayman Islands Government have broken down since July meetings; Issues Statement
September 19, 2014 – World Animal Protection issued a statement today outlining its fears that its ongoing discussions with the Cayman Islands Government (CIG) about the controversial Cayman Turtle Farm have broken down. World Animal Protection’s concerns follow encouraging talks…
Company providing floating ocean power platform technology to supply renewable energy to Cayman Islands in talks
US Baltimore-based OTEC International is in talks with Caribbean Utilities Company (CUC), Grand Cayman’s electrical provider, to supply renewable energy to the island via Ocean Thermal Energy from a platform at North Side. The company has already met with the…
CAYMAN ISLANDS – Sanctions: European Union significantly toughens its stance towards Russia
By Aki Corsoni-Husain and Peter Tarn from Harneys Publication Date:18 September 2014 Note: This is an update to our last bulletin on this subject of 13 August 2014. The new measures are relevant to Harneys’ core jurisdictions: Cyprus, the British…
Cayman Islands Compass Point earns recognition for sustainable tourism at SOTIC 2014
Puerto Rico cops top CTO Sustainable Tourism Award ~ Caribbean Excellence in Sustainable Tourism Awards presented at State of the Industry Conference in US Virgin Islands CHARLOTTE AMALIE, St. Thomas (18 September, 2014) – The Puerto Rico Tourism Company (PRTC)…
Threat to ban OTT services [by LIME and Digicel] on CTU meeting agenda
By Glen Bart St Kitts & Nevis Observer Dealing with threats by Caribbean telecom networks to ban ‘over-the-top’ (OTT) services would be a priority for telecommunications ministers, who meet in St. Kitts, Sept. 22 to 26, for the annual meeting…
$400M loan from its own CEO is only 1/10 of what Sears needs to stay alive
By Chris Morran From Consumerist I don’t know about you, but if someone loaned me $400 million, it would just about cover all my debts. But I’m not a sagging national retail operation that hasn’t been relevant in decades. If…
Turkish explanation of ISIS hostage release raises questions
From Newsmax (AP) Turkish authorities say they have freed 49 hostages from one of the world’s most ruthless militant groups without firing a shot, paying a ransom or offering a quid pro quo. But as the well-dressed men and women…
Million-pound home owners ousting family business for longer gardens [one owner reputed to live in Cayman Islands]
By Rory Brigstock-Barron From Islington Gazette Mechanic set to lose 70-year-old business accuses council of selling land to residents at cut price A great-grandfather whose family business looks set to be knocked down to extend the gardens of million-pound homes…
China fines GlaxoSmithKline $492 Million, seeks to jail former manager for bribery
From Newsmax (AP) Drug maker GlaxoSmithKline was fined $492 million on Friday for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court. The court sentenced the company’s former China manager, Briton Mark Reilly, and…
