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VOLUME:117 No.202, SEPTEMBER 16TH, 2020
THE PEOPLE’S PAPER: $1
INSIDE: BUMPER PUZZLE PULLOUT FOR ALL THE FAMILY
PYRAMID SCHEMES CASH IN ON CRISIS Public put on alert over new fraudulent get-rich-quick plans By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net THE Securities Commission of the Bahamas has reissued warnings against falling victim to Ponzi and pyramid schemes which promise large payouts after a person pays a sum of money under the guise of an investment plan. The commission said it was made aware there is an increasing presence on social media and other internet sites of advertisements or invitations to members of the general public to join purported financial programmes in
which an individual pays a certain sum of money to join, then in turn must solicit and encourage other individuals to join in order to receive a large cash pay-out. The schemes, originated in the US, have made their way to The Bahamas, where people are particularly vulnerable due to the financial downturn caused by the COVID-19 pandemic. Sharon Wright, whose name has been changed to protect her identity, said she fell victim to the scheme, known as the “flowers in bloom gifting circle”. SEE PAGE FIVE
THE Supreme Court has blasted the Government and Bank of The Bahamas for “acting in bad faith” and working together against an ex-Cabinet minister in breaching five multi-million lease agreements. Justice Cheryl GrantThompson, in a July 24 verdict, ruled the pair had gone “hand in hand with each other” after the Minnis administration decided not to follow through with its predecessor’s plans to rent space in Leslie Miller’s Summerwinds Plaza property.
In finding the Government committed “an abuse of the court process” by providing “no reasonable defence” to the claim from Mr Miller and his eight companies, Justice GrantThompson said the only matter to be determined is the amount of damages. While she awarded him an initial $9.846m for “breach of contract”, representing $8.476m in rental arrears from December 1, 2016, to the date Mr Miller’s action was filed, together with a further $1.371m, the judge’s ruling left the door open to further liability. FULL STORY - SEE BUSINESS
SEE PAGE EIGHT
ASSEMBLY SHUTS AS STAFFER HAS VIRUS
By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net A STAFF member of Parliament who interacted with elected officials during a House of Assembly sitting last week has tested positive for COVID-19, prompting the cancellation of Senate proceedings on Monday and causing uncertainty about how proceedings in the House of Assembly will proceed. A statement from the Cabinet Office yesterday did not specify whether any elected officials will go into quarantine. SEE PAGE TWO
JUDGE RULES GOVT AND BOB COLLUDED AGAINST MILLER By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
WE SHOULD NOW KNOW WHAT WE’RE DOING
PREMIERSHIP? WE’RE MORE DIVISION FIVE
ARTISTS GET READY FOR RETURN
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
THE ART community is getting ready for a return to action with the Transforming Spaces group saying “See you in November”. The group’s annual art tour - postponed in the Spring because of the COVID-19 pandemic - is lined up for a return at the start of November, with all tickets purchased previously to be honoured. See the Weekend section on Friday for the full story.
SAN SALVADOR RESORT SHUT UNTIL DEC 2021 By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net
THE reopening of Club Med’s Columbus Isle Resort in San Salvador has been postponed until December 2021, dealing a massive blow to that island’s economy. A lawyer for Club Med informed Prime Minister Dr Hubert Minnis of the decision in a September 14 letter obtained by The Tribune.
CLUB Med in San Salvador. The operator is prioritising some of its other resorts around the world. Concerns about San Salvador’s ability to handle a health crisis factored into its postponement decision.
The resort shut down in March after the government banned international flights from France because of COVID-19. Lawyer Clement Maynard, in a letter to Dr Minnis, noted Club Med has had all of its 70 worldwide resorts temporarily closed at one point during the crisis. “Club Med is aware of, and comforted by, the efforts made by your
Nassau & Bahama Islands’ Leading Newspaper
SEE PAGE FOUR
THE Bahamas “is as far from becoming the Singapore of the Americas as a fifth division soccer team is from the UK’s Premier League”, a prominent banker warned yesterday. Gregory Pepin, Deltec Bank & Trust’s chief executive, told a webinar this nation has much work to do before realising its ambitions. FULL STORY - SEE BUSINESS
TECHNOLOGY
APPLE DEBUTS DISCOUNT WATCH - BUT NO PHONE
SEE PAGE NINE