But keep in mind that the legal system and courts in our country are controlled by the corrupt Christie-led PLP government thanks to the Attorney General being Allyson Maynard-Gibson aka the Wicked Witch. Our justice system is completely dysfunctional with even the government now blatantly ignoring the outcomes of court hearings and judges' orders.....truly third world!
Spent part of yesterday watching this golf tournament on TV and couldn't help but notice that many of the holes looked very much the same; treeless! Also, whenever the TV cameraman would pan his camera you could see power grid poles and lines just about everywhere in the background, making the place look like some kind of industrial park. Albany is certainly not one of the more scenic or challenging golf courses and the sea views seem limited in beauty for a golf course in the Bahamas. Oh well, you would have thought Tiger Woods and Ernie Els would have ensured a much more scenic and challenging course given their early involvement in the Albany development.
Is the Dunkley fella mentioned in the article below Colleen Dunkley's husband? If so, she more than most should understand why RBC is having such a difficult time conducting business in a jurisdiction that her husband has brought ill-repute to!
Broker's $22m 'road to ruin'
July 5, 2010 - By neil hartnell - Tribune Business Editor
A senior executive at a Bahamian broker/dealer has admitted that it used assets/funds against client wishes to fund other customers' margin loans for about 18 months before the appearance of the fraudulent 'pump and dump' scheme that caused the company's eventual $22 million collapse.
Court transcripts from the trial of Canadian George Georgiou, who was ultimately convicted of securities fraud, record Bahamian financial services executive, Robert Dunkley, a former investment advisor at Caledonia Corporate Management, disclosing that the broker/dealer had used client assets as collateral/security for the activities of other clients for some two-and-a-half years.
Under cross-examination by Georgiou's attorneys, Mr Dunkley confirmed that all Caledonia clients' money was sitting in one Omnibus account at the company's Canadian correspondent broker, Jitney.
"That enabled Caledonia to use other clients' money for reasons having nothing to do with those clients' wishes, correct?" Georgiou's attorneys asked.....
Earlier in the trial, under examination by US government attorneys, Mr Dunkley gave details about how all Caledonia client assets came to be sitting in just one account belonging to its Canadian correspondent broker.
"You know, just about all of our clients were good, honest, decent individuals, operating accounts...."
Tribune Business revealed last week how Georgiou and his alleged co-conspirators, including supposed Canadian "mobster" Vince deRosa, repeatedly promised Caledonia that they would infuse more cash or stocks into the account to cover the expanding deficit that was occurring as a result of their 'margin' trading and 'short selling' strategies. However, none of these promises ever became reality.....
Asked what happened to Caledonia and the Omnibus account, Mr. Dunkley told the US court: "It went into ruin. If clients get..... you know, some made out not too badly, others have lost everything. I mean, that is the doom and gloom of it......"
.....The trial transcript provides a fascinating insight into how Georgiou was able to defraud not just Caledonia but a total of three Bahamian broker/dealers, one of which is a subsidiary of a Bahamas International Securities Exchange (BISX) listed company.
The Tribune seems to be worried about all of the advertising dollars it will lose out on when the health insurers are taken out of the picture by a universal single payer healthcare system that will provide affordable quality healthcare to all Bahamians. Some healthcare is better than no healthcare which has been the case for most Bahamians for many years now as a result of the outrageously high premiums charged by the health insurance companies. Right now, only the well-off are being insured by the private healthcare insurers, leaving the poor to suffer the horrid consequences of no healthcare or poor quality healthcare as a result of the significant portion of healthcare insurance premiums siphoned off by the healthcare insurers to pay their lavish administrative costs and generate overly generous profits for their shareholders.
The Tribune seems to be worried about all of the advertising dollars it will lose out on when the health insurers are taken out of the picture by a universal single payer healthcare system that will provide affordable quality healthcare to all Bahamians. Some healthcare is better than no healthcare which has been the case for most Bahamians for many years now as a result of the outrageously high premiums charged by the health insurance companies. Right now, only the well-off are being insured by the private healthcare insurers, leaving the poor to suffer the horrid consequences of no healthcare or poor quality healthcare as a result of the significant portion of healthcare insurance premiums siphoned off by the healthcare insurers to pay their lavish administrative costs and generate overly generous profits for their shareholders.
The Tribune seems to be worried about all of the advertising dollars it will lose out on when the health insurers are taken out of the picture by a universal single payer healthcare system that will provide affordable quality healthcare to all Bahamians. Some healthcare is better than no healthcare which has been the case for most Bahamians for many years now as a result of the outrageously high premiums charged by the health insurance companies. Right now, only the well-off are being insured by the private healthcare insurers, leaving the poor to suffer the horrid consequences of no healthcare or poor quality healthcare as a result of the significant portion of healthcare insurance premiums siphoned off by the healthcare insurers to pay their lavish administrative costs and generate overly generous profits for their shareholders.
The Tribune seems to be worried about all of the advertising dollars it will lose out on when the health insurers are taken out of the picture by a universal single payer healthcare system that will provide affordable quality healthcare to all Bahamians. Some healthcare is better than no healthcare which has been the case for most Bahamians for many years now as a result of the outrageously high premiums charged by the health insurance companies. Right now, only the well-off are being insured by the private healthcare insurers, leaving the poor to suffer the horrid consequences of no healthcare or poor quality healthcare as a result of the significant portion of healthcare insurance premiums siphoned off by the healthcare insurers to pay their lavish administrative costs and generate overly generous profits for their shareholders.
Remember, Minnis had the nerve to tell all of us that he had no conflict of interest arising from his property holding company receiving very generous monthly rental payments from the Public Hospital Authority....he pointedly said that the lease was with his company and not him personally, so therefore there was no conflict of interest involving himself. What a joke! This man, like Christie, Allyson Maynard-Gibson, Dr Marcus Bethel, Baltron Bethel and so many others, was simply never fit then and is not fit now to hold public office!!
Reality_Check says...
And we all know what caused his tired legs and back to give out......just too much romping with young waitresses while married!
On Bubba Watson takes two-shot lead at Hero Challenge at Albany
Posted 6 December 2015, 6:26 p.m. Suggest removal
Reality_Check says...
But keep in mind that the legal system and courts in our country are controlled by the corrupt Christie-led PLP government thanks to the Attorney General being Allyson Maynard-Gibson aka the Wicked Witch. Our justice system is completely dysfunctional with even the government now blatantly ignoring the outcomes of court hearings and judges' orders.....truly third world!
On New standards will ‘stress’ some banks
Posted 5 December 2015, 10:23 a.m. Suggest removal
Reality_Check says...
Spent part of yesterday watching this golf tournament on TV and couldn't help but notice that many of the holes looked very much the same; treeless! Also, whenever the TV cameraman would pan his camera you could see power grid poles and lines just about everywhere in the background, making the place look like some kind of industrial park. Albany is certainly not one of the more scenic or challenging golf courses and the sea views seem limited in beauty for a golf course in the Bahamas. Oh well, you would have thought Tiger Woods and Ernie Els would have ensured a much more scenic and challenging course given their early involvement in the Albany development.
On Hero World Challengers in 3-way tie for the lead
Posted 5 December 2015, 10:05 a.m. Suggest removal
Reality_Check says...
Is the Dunkley fella mentioned in the article below Colleen Dunkley's husband? If so, she more than most should understand why RBC is having such a difficult time conducting business in a jurisdiction that her husband has brought ill-repute to!
Broker's $22m 'road to ruin'
July 5, 2010 - By neil hartnell - Tribune Business Editor
A senior executive at a Bahamian broker/dealer has admitted that it used assets/funds against client wishes to fund other customers' margin loans for about 18 months before the appearance of the fraudulent 'pump and dump' scheme that caused the company's eventual $22 million collapse.
Court transcripts from the trial of Canadian George Georgiou, who was ultimately convicted of securities fraud, record Bahamian financial services executive, Robert Dunkley, a former investment advisor at Caledonia Corporate Management, disclosing that the broker/dealer had used client assets as collateral/security for the activities of other clients for some two-and-a-half years.
Under cross-examination by Georgiou's attorneys, Mr Dunkley confirmed that all Caledonia clients' money was sitting in one Omnibus account at the company's Canadian correspondent broker, Jitney.
"That enabled Caledonia to use other clients' money for reasons having nothing to do with those clients' wishes, correct?" Georgiou's attorneys asked.....
Earlier in the trial, under examination by US government attorneys, Mr Dunkley gave details about how all Caledonia client assets came to be sitting in just one account belonging to its Canadian correspondent broker.
"You know, just about all of our clients were good, honest, decent individuals, operating accounts...."
Tribune Business revealed last week how Georgiou and his alleged co-conspirators, including supposed Canadian "mobster" Vince deRosa, repeatedly promised Caledonia that they would infuse more cash or stocks into the account to cover the expanding deficit that was occurring as a result of their 'margin' trading and 'short selling' strategies. However, none of these promises ever became reality.....
Asked what happened to Caledonia and the Omnibus account, Mr. Dunkley told the US court: "It went into ruin. If clients get..... you know, some made out not too badly, others have lost everything. I mean, that is the doom and gloom of it......"
.....The trial transcript provides a fascinating insight into how Georgiou was able to defraud not just Caledonia but a total of three Bahamian broker/dealers, one of which is a subsidiary of a Bahamas International Securities Exchange (BISX) listed company.
On RBC fails yet again
Posted 4 December 2015, 3:18 p.m. Suggest removal
Reality_Check says...
Obie's ass hasn't been wiped with anything but........in the past 30-40 years
On Web shop ordered to close down operations
Posted 4 December 2015, 2:04 p.m. Suggest removal
Reality_Check says...
The Tribune seems to be worried about all of the advertising dollars it will lose out on when the health insurers are taken out of the picture by a universal single payer healthcare system that will provide affordable quality healthcare to all Bahamians. Some healthcare is better than no healthcare which has been the case for most Bahamians for many years now as a result of the outrageously high premiums charged by the health insurance companies. Right now, only the well-off are being insured by the private healthcare insurers, leaving the poor to suffer the horrid consequences of no healthcare or poor quality healthcare as a result of the significant portion of healthcare insurance premiums siphoned off by the healthcare insurers to pay their lavish administrative costs and generate overly generous profits for their shareholders.
On $31m budgeted for NHI’s first quarter
Posted 3 December 2015, 2:26 p.m. Suggest removal
Reality_Check says...
The Tribune seems to be worried about all of the advertising dollars it will lose out on when the health insurers are taken out of the picture by a universal single payer healthcare system that will provide affordable quality healthcare to all Bahamians. Some healthcare is better than no healthcare which has been the case for most Bahamians for many years now as a result of the outrageously high premiums charged by the health insurance companies. Right now, only the well-off are being insured by the private healthcare insurers, leaving the poor to suffer the horrid consequences of no healthcare or poor quality healthcare as a result of the significant portion of healthcare insurance premiums siphoned off by the healthcare insurers to pay their lavish administrative costs and generate overly generous profits for their shareholders.
On Miller: No way in hell NHI will be ready if talks rumble on
Posted 3 December 2015, 2:26 p.m. Suggest removal
Reality_Check says...
The Tribune seems to be worried about all of the advertising dollars it will lose out on when the health insurers are taken out of the picture by a universal single payer healthcare system that will provide affordable quality healthcare to all Bahamians. Some healthcare is better than no healthcare which has been the case for most Bahamians for many years now as a result of the outrageously high premiums charged by the health insurance companies. Right now, only the well-off are being insured by the private healthcare insurers, leaving the poor to suffer the horrid consequences of no healthcare or poor quality healthcare as a result of the significant portion of healthcare insurance premiums siphoned off by the healthcare insurers to pay their lavish administrative costs and generate overly generous profits for their shareholders.
On Minnis slams ‘chaotic’ NHI
Posted 3 December 2015, 2:25 p.m. Suggest removal
Reality_Check says...
The Tribune seems to be worried about all of the advertising dollars it will lose out on when the health insurers are taken out of the picture by a universal single payer healthcare system that will provide affordable quality healthcare to all Bahamians. Some healthcare is better than no healthcare which has been the case for most Bahamians for many years now as a result of the outrageously high premiums charged by the health insurance companies. Right now, only the well-off are being insured by the private healthcare insurers, leaving the poor to suffer the horrid consequences of no healthcare or poor quality healthcare as a result of the significant portion of healthcare insurance premiums siphoned off by the healthcare insurers to pay their lavish administrative costs and generate overly generous profits for their shareholders.
On Does government plan to go into health insurance business?
Posted 3 December 2015, 2:24 p.m. Suggest removal
Reality_Check says...
Remember, Minnis had the nerve to tell all of us that he had no conflict of interest arising from his property holding company receiving very generous monthly rental payments from the Public Hospital Authority....he pointedly said that the lease was with his company and not him personally, so therefore there was no conflict of interest involving himself. What a joke! This man, like Christie, Allyson Maynard-Gibson, Dr Marcus Bethel, Baltron Bethel and so many others, was simply never fit then and is not fit now to hold public office!!
On Minnis slams ‘chaotic’ NHI
Posted 3 December 2015, 1:45 p.m. Suggest removal