Comment history

GrassRoot says...

Speaking of which, where is BSFB in all of this? Must be frustrating to promote the Bahamas as an IFC, educate the world about the greatness of our financial products and services and getting backstabbed the Minister of Education of that very IFC.

GrassRoot says...

illegal or not, it was just a plain dumb move to bring up that information. Did not achieve anything other than collateral damage to the IFC's reputation, as the content of the breached information got swept away by the subsequent wave of denials by all the named and wanting-to-be-named stakeholders of this mess.

GrassRoot says...

What exactly is a "failed $471 Mio Bahamian-domiciled fund structure"? Is that maybe a "all that is left is $20 Mio Bahamian-domiciled fund structure"? On another note, my first mentor in business told me once: If it sounds too complicated, don't touch it.

GrassRoot says...

what about all the prostitutes the other dude brought into the country for his parties? Cant wait to see pictures of local politicians hanging out at Camp Nygard with foreign prostitutes without work permits.

GrassRoot says...

right, why would we need foreign gangsters if we have enough local ones.

GrassRoot says...

yep and cant even imagine the dirt that would have been found and all the indictments filed by now, would the Bahamian police and AG's office not be part of this political mess and be halfway honest and unbiased. I still can not stomach that foreigners (2 Cubans, 1 Jamaican, 1 Japanese) can be locked up in this country for years without a court hearing and no one of the Government, Law Enforcement, Prosecution, Immigration gets punished for these horrendous violations of human rights.

GrassRoot says...

I bet that is the plan. Having said this, I highly doubt that Bacon, Smith & Co have not considered that. Bacon that has anticipated a breach of confidentiality by the Bahamian government years ago and pulled his far reaching fund business from the Bahamas for exactly this reason. So to win against a savvy guy like Bacon, it needs more than the brain of one or several Ministers of the Bahamian Government. Further, as you can tell from today's revelation about the DPM in his capacity as a Member of the Cabinet having contract issued to the two thugs, should show anybody trying to stop Bacon, Smith from getting what they want, will be destroyed if they dont play along. I bet Bacon & Smith have much more dirt on all these politicians than these politicians will believe. In all fairness the plaintiffs (in Smith's own words) gave the PM and DPM a free pass and made it clear that they are not after the PM and the DPM and would not get them embarrassed, if the PM and DPM chose to stay on the sidelines. But - luckily or not - both the PM and the DPM chose to side with Nygard and not to take the invitation to stay neutral. And all the other egos in the Government, Gibson, Mitchell, Fitzgerald took the bait and did not shut up but rather decided to side with Nygard. To the extent they have not embarrassed themselves yet, they will be exposed mercilessly. The foul odor of corruption and money laundering is all over this. My prediction is that either in the Bahamas or any other jurisdiction will eventually get active investigating possible corruption involving Bahamian politicians and foreign nationals. Albeit not as strong and far reaching as the U.S. foreign corruption legislation, lets not forget that Canada has a similar law on the books, and it makes one wonder anyhow ,whether the money spent by Mr. Nygard on the PLP has been properly reported for tax purposes in Canada. We will see. The good thing is the facts never change. The facts are the facts, and the sun will bring it to daylight.

GrassRoot says...

and under international standards, Mitchell needs to be tried for human right violations and same for the AG. Its obvious that they either intentionally or negligently did not charge the two Cubans with a crime and let them rot in a jail in the Bahamas depriving them of due course, Same for the Japanese dude and the Jamaican dude. I dare to say that they would have a hard time walking out of the any international or national court of any halfway decent jurisdiction without at least getting heavily embarrassed by any halfway human judge and/or jury.

GrassRoot says...

birdie, this has nothing to do with Smith, and I don't know whether you sell newspapers on the side of the streets or are the CEO of the most profitable business in the Bahamas for a living. I for myself have been running around over the past 15 years in the world as a lawyer active in the financial and trust services market to tell everybody how save and secure the Bahamas as an IFC and how professional the work force was. And now a joker of a Minister shows the world that whatever the Bahamian government has told these investors, settlors, clients all these years, how secure and trustworthy the Bahamas as a jurisdiction with strong laws etc was, is just a big fat lie and that whoever wanted in any Government of the Bahamas could go to the press to spill the beans about your account and emails and clean or dirty laundry is just appalling. Short term gain (well not even) causing a heavy long term damage. Stupid, stupid people. We deserve going back to fishing. Pirating and Thieving we still are. Q.E.D.

GrassRoot says...

Can we the people ask for her release in exchange for taking in the DPM? "Dangerous" is word so arbitrarily used these days.