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VOLUME:116 No.23, JANUARY 28TH, 2019
HO US E & 16 THE PEOPLE’S PAPER: $1
INSIGHT: WHEN LAWYERS STEP OVER THE LINE PAGES
‘We want answers’ Bahamian firms asked to explain Fyre Festival cash By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A BAHAMIAN law firm and the National Sports Authority’s (NSA) former chairman are among the local persons and companies being targeted for examination by Fyre Festival investigators. CF Butler & Associates, the law firm headed by attorney Craig Butler and LeRoy Archer, ex-NSA head and former managing director of BISX-listed Commonwealth Brewery, have been named among those that the Fyre Festival’s Chapter 7 trustee wants court permission to interrogate. Documents filed on Friday with the southern New York federal bankruptcy court, which have been obtained by Tribune Business, reveal that
Gregory Messer is seeking a court order to serve subpoenas on both Bahamian and US entities that supplied services/goods to a festival that became a chaosstricken debacle threatening The Bahamas’ tourism reputation in April 2017. Mr Messer wants to examine those named, including Mr Archer and CF Butler & Associates, to determine why they received payments worth more than $90,000 from the Fyre Festival and if they provided sufficient in return to justify the payments. The subpoena requests come as Mr Messer’s efforts to trace the $26m investors handed to the festival’s main organiser, now-convicted fraudster, William McFarland, appear to be moving into high gear given the pace of recent court filings.
MARYANN Rolle says she’ll “definitely” be a blessing to others who worked hard during the failed Fyre Festival, as crowd funding yesterday reached more than $200,000 to assist the Exuma restaurateur recuperate her losses from the ordeal. “What a blessing,” Mrs Rolle said of the money raised on GoFundMe. “I might get my credibility back now,” she commented.
SEE PAGE THREE
By RICARDO WELLS Tribune Staff Reporter rwells@tribunemedia.net
SEE PAGE FIVE
AMERICAN KILLED IN MOTORBIKE ACCIDENT
FULL STORY - SEE BUSINESS
“The song writer says ‘back on my feet again’. You don’t tell people all the time but I had struggled in the financial area trying to just dilly-dally with my situation. “You know I was in trouble and had to dilly-dally my way out and thank God I didn’t end up in jail or to the courts.” The account reached $201,377 up to press time. Speaking of her plans for the money, which has greatly surpassed an initial goal of $123,000, Mrs Rolle said: “I cannot enjoy that by
‘BLAME ALL SIDES FOR SCHOOL’S DISREPAIR’ THERE is “more than enough blame to go around” for the issues at the Black Point All-Age School, Bahamas Union of Teachers president Belinda Wilson has asserted. She was addressing a recent social media post which detailed the government’s continued failure to fix major issues at the school, and a subsequent statement from Exuma and Ragged Island MP Chester Cooper. Photos circulating on social media showed dilapidated faculty and student restrooms, overgrown grass and a library that appeared also to be used as a messy storage room.
By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net
... AS MARYANN SAYS ‘I’LL SHARE WINDFALL’ By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net
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AN AMERICAN man died after the motorcycle he was driving crashed into a utility pole on Cat Island on Saturday. While details were limited and his identity has not been released, police said shortly before noon the man was driving the motorcycle north along Queen’s Highway in the Smith’s Bay settlement when he lost control and crashed into the pole. SEE PAGE THREE
BELLES OF THE BALL TWO ballgoers at the 47th annual Red Cross Ball, held at the Baha Mar Convention Centre on Saturday. The event had a theme of an evening in Paris, complete with a Bahamian version of the Eiffel Tower to strike a pose in front of. See Friday’s Weekend section for a glimpse at the gowns and style on show at the event. Photo: Shawn Hanna/Tribune Staff
STERLING PROMISES TO CREATE 1,000 JOBS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
HURRICANE Hole’s developer is aiming to launch two further resort projects before the end of 2019 that will take total investment in its Bahamian developments to around $700m. David Kosoy, Sterling Global Financial’s chairman, said it was targeting the “creation of over 1,000 jobs” between its Paradise Island development and
STERLING Global’s David Kosoy similar upscale projects planned for Abaco’s Matt Lowe’s Cay and the Sky
Beach Club in Eleuthera. Confirming the developer’s ambitious plans, Mr Kosoy said Sterling’s Family Island projects would likely double the 500 permanent jobs created when Hurricane Hole is fully redeveloped by 2024. “I think that with what we have going on now, we will be somewhere around $700m, and jobs created will be over 1,000,” he said. FULL STORY - SEE BUSINESS
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MINNIS IN NATIONAL ADDRESS TONIGHT By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net
WHEN he delivers his first national address for the year tonight, Prime Minister Dr Hubert Minnis is expected to reveal the government’s plan to boost economic growth, which is hoped to create jobs and provide greater opportunity for all Bahamians. SEE PAGETWO