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☆ A US tourist died after being attacked by a shark while paddleboarding at a Sandals resort in the Bahamas
▼ + stars: | 2023-12-05 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A Boston woman was killed by a shark off the coast of the Bahamas on Monday, police said. There have been 32 confirmed shark attacks in the Bahamas since 1749, according to experts. AdvertisementA tourist was killed by a shark as she paddleboarded off the coast of the Bahamas on Monday, officials said. Police officers walk on the beach after what police described as a fatal shark attack against a tourist at Sandals Royal Bahamian resort, in Nassau, Bahamas December 4, 2023 Dante Carrer/ReutersThose nearby were left in shock. AdvertisementThere have been a total of 32 unprovoked shark attacks documented and confirmed in the Bahamas since 1749, it said.

Persons: —, Desiree Ferguson, Dante Carrer Organizations: Service, Royal Bahamas Police Force, Police, Nassau Guardian, Reuters, Authorities Locations: Boston, Bahamas, Royal, Cable Beach , New Providence, Nassau

☆ US woman killed in shark attack in Bahamas
▼ + stars: | 2023-12-04 | by ( Jasper Ward | ) www.reuters.com time to read: +1 min

[1/4] Mortuary services personnel transport the body of a female tourist after what police described as a fatal shark attack in waters near Sandals Royal Bahamian resort, in Nassau, Bahamas December 4, 2023. REUTERS/Dante Carrer Acquire Licensing RightsDec 4 (Reuters) - An American woman died after she was attacked by a shark while paddle boarding in The Bahamas on Monday, police said. While fatal shark attacks are not common in The Bahamas, at least two others have been reported recently. On Nov. 21, a 47-year-old German woman went missing during a diving excursion in waters off West End, Grand Bahama, after encountering a shark, police said. In September 2022, a 58-year-old American woman was killed in a shark attack while snorkeling with her family in waters of New Providence.

Persons: Dante Carrer, Jasper Ward, Bill Berkrot Organizations: REUTERS, CPR, Thomson Locations: Royal, Nassau, Bahamas, American, Boston, New Providence

☆ Explainer: How did Bankman-Fried secure $250 mln bail?
▼ + stars: | 2022-12-22 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

Dec 22 (Reuters) - FTX founder Sam Bankman-Fried clinched a bail deal on Thursday that would see him released on a $250 million bond secured against his parents' property with restrictions on his movement. Here is an explainer on how his deal stacks up and how bail works:Was Bankman-Fried expected to get bail? Does the bail amount mean Bankman-Fried or his family has $250 million? In Bankman-Fried's case, the $250 million bond is secured by his parents' home. The $250 million bond does not reflect the family's assets, which could not be determined.

Bankman-Fried initially had said he would fight extradition after his arrest a week ago in the Bahamas, where he lives and FTX is based. [1/7] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried arrives at the Magistrate Court building in Nassau, Bahamas December 19, 2022. Bankman-Fried's defense lawyer initially told Serville that he did not know why Bankman-Fried was brought to court on Monday morning. Following a recess, the lawyer said that Bankman-Fried wanted to see the indictment before consenting to extradition. Mark Cohen, a U.S. lawyer who represents Bankman-Fried, did not immediately reply to a request for comment.

Bankman-Fried initially had said he would fight extradition after his arrest a week ago in the Bahamas, where he lives and FTX is based. Reuters reported first on Saturday that Bankman-Fried would return to court to reverse his decision, citing a source. Bankman-Fried's defense lawyer however told Magistrate Shaka Serville that he does not know why Bankman-Fried was brought to court this morning. LONG ROAD TO EVENTUAL TRIAL[1/7] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried arrives at the Magistrate Court building in Nassau, Bahamas December 19, 2022. REUTERS/Dante Carrer 1 2 3 4 5Upon being extradited to the United States, Bankman-Fried would be required to appear before a judge in Manhattan within two days, though the hearing would likely take place quickly.

☆ Exclusive: Sam Bankman-Fried to reverse decision on contesting extradition
▼ + stars: | 2022-12-17 | by ( Jasper Ward | ) www.reuters.com time to read: +4 min

His decision to consent to extradition would pave the way for him to appear in U.S. court to face wire fraud, money laundering and campaign finance charges. At his initial court hearing in Manhattan, Bankman-Fried would be asked to enter a plea and a judge would make a determination on bail, Margulis-Ohnuma said. The attorney added that such a hearing must take place within 48 hours of Bankman-Fried's arrival in the United States, though it would likely be sooner. Bankman-Fried has acknowledged risk management failings at FTX but has said he does not believe he has criminal liability. 'BIGGEST FINANCIAL FRAUDS IN AMERICAN HISTORY'It was not immediately clear what prompted Bankman-Fried to change his mind and decide not to contest extradition.

REUTERS/Dante Carrer/File PhotoNASSAU, Dec 13 (Reuters) - Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried's first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to dispute his extradition to the U.S. "I'm not waiving," Bankman-Fried said when asked if he would seek to waive his right to an extradition hearing. At the start of the proceedings, Bankman-Fried asked to change an Emsam patch, a medical strip applied to the skin that is used to treat adult depression. Bankman-Fried's defense counsel pointed out that Bankman-Fried had spent weeks in The Bahamas after his business collapsed without attempting to leave the country.

The exemption allowed Alameda to keep borrowing funds from FTX irrespective of the value of the collateral securing those loans. The other was a mechanism whereby FTX customers deposited over $8 billion in traditional currency into bank accounts secretly controlled by Alameda. Indeed, he told investors that Alameda received no preferential treatment from FTX, the SEC complaint said. This would allow Alameda to keep borrowing more FTX funds without the need to provide more collateral. Bankman-Fried's house of cards "began to crumble" in May 2022, the SEC complaint said.

☆ Barbados issues world's first pandemic-protected bond
▼ + stars: | 2022-09-21 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

Barbados' new bond - finalised in a deal with bankers on Wednesday - is likely to leave an even bigger imprint, especially with smaller, tourism-dependent countries that were pushed to the brink of economic collapse during the COVID-19 pandemic. "And hence we would not be facing the kind of debt crises that many countries are about to face". Credit Suisse banker Ramzi Issa, who led on some of the key financing aspects on the bond deal which involved a buyback, said it was "hugely significant". "It is like a dose of vaccine for your debt," said Sui-Jim Ho, a partner at Cleary Gottlieb - the law firm that helped craft the clause for Barbados. The bond deal has an ecological feature too.

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