That looks like another Allen Stanford...

That would be a good way to kill the crypto boom...

And how much has all of this cost tax payers?

I hope that he got a nice government car, so that he can take his family to the beach on weekends...

We will see what the courts say, if we are still alive, because this will get appealed to the highest courts...

The big loser here is Scotia bank. Why are they not part of the lawsuit:?

http://www.tribune242.com/news/2016/jan…

You don't think that Izmirlian is being played by the attorneys, who are not about to let go of this gold mine?

What about the $20 million BPL bill that was outstanding?

Stop dreaming, how many millions was awarded the last accused corrupt official?

The coconut is also different:

https://www.bahamaslocal.com/newsitem/1…

The fact is everyone who did business with Baha Mar under Izmirlian ended up in court.

As I stated before I am no fan of the Chinese, but we have to be pragmatic here. They invested billions in this country when nobody else wanted to invest. Without these investments we would still be looking at the Cristal Palace on Cable Beach and an empty lot next to Junkanoo Beach.

Can't we move away from this dama? The project failed twice before it opened, and of course everyone is to blame but Izmirlian...

This is a repeat of the first failure where Baha Mar accused Harrah’s of fraud:

“Judge Charles Ramos, sitting in the New York State Supreme Court, said Baha Mar had alleged that Harrah’s, and its Caesars Bahamas Investment Corporation subsidiary, had “misrepresented their intent” to proceed with the project and close their joint venture deal.
This allegation, the judge said, was premised on the claim that despite agreeing to the Supplemental Heads of Agreement that Baha Mar signed with the Bahamian government on January 31, 2008, Harrah’s concealed that its private equity owners, Apollo and Texas Pacific, had already decided not to proceed. This decision was allegedly made at a Harrah’s meeting three days earlier, on January 28, 2008.

However, Judge Ramos found: “Baha Mar’s fraud claim fails because it is unsupported by any evidence that Caesars Bahamas and Harrah’s knowingly intended to deceive Baha Mar with respect to unconditionally going forward with the project.

“There is simply no evidence that Caesars Bahamas and Harrah’s made a definitive decision on January 28, 2008, to abandon the project, while agreeing to the execution of the Supplemental Heads of Agreement just days later.”

Baha Mar had alleged the fraud was exposed by the affidavit deposition of Harrah’s chief executive, Gary Loveman, who had said that “a view was forming in the late part of January that proceeding with the project was probably not a good idea at that time”.”

https://www.bhahotels.com/2010/02/baha-…

And this is how it ended:

"Baha Mar has agreed to pay US gaming giant Harrah's Entertainment $12.174 million to cover the legal costs it incurred in defending itself against the Cable Beach developer's breach of contract and other claims made over their failed $2.6 billion joint venture."

https://www.bahamaslocal.com/newsitem/1…

Government does not want to do away with the $50 per visitor health tax. Hotels are full, they have no incentives to terminate the program, even Bill Clinton is coming next week...