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☆ OKX crypto exchange seeks Dubai regulation with eye on Middle East expansion
▼ + stars: | 2023-06-15 | by ( Lisa Barrington | ) www.reuters.com time to read: +2 min

DUBAI, June 15 (Reuters) - OKX, one of the world's largest cryptocurrency exchanges, is seeking regulatory approval to operate in Dubai as it plans to expand the company's Middle East operations, an executive told Reuters on Thursday. Regulation is an industry trend, OKX Global Head of Government Relations Tim Byun said. Byun said he believed the SEC's move would push more applicants towards innovative regulators like Dubai's Virtual Asset Regulatory Authority (VARA). OKX is regulated in the Bahamas and currently does not allow customers from the United States to use its platform due to regulatory issues. OKX plans to apply for such a licence, Byun said.

Persons: Tim Byun, Binance, Byun, VARA, Lisa Barrington, Yousef Saba, Kirsten Donovan Organizations: Reuters, Government, U.S . Securities, Exchange Commission, SEC, Regulatory, Dubai World Trade Center, United, United Arab Emirates, Dubai International Financial, UAE, Thomson Locations: DUBAI, Dubai, VARA, United Arab, Saudi Arabia, Bahrain, Bahamas, United States

☆ Prosecutors Agree to Withdraw New Charges Against Sam Bankman-Fried
▼ + stars: | 2023-06-15 | by ( David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Federal prosecutors investigating the collapse of the FTX cryptocurrency exchange said late Wednesday that, at least for now, they would withdraw several of the charges facing the company’s founder, Sam Bankman-Fried. In a court filing, the prosecutors said they would proceed to a trial in October without pursuing five of the 13 charges against Mr. Bankman-Fried — a set of accusations that the government added to the crypto mogul’s indictment in the months after he was extradited from the Bahamas in December. Among those charges was a bank fraud count, as well as an allegation that Mr. Bankman-Fried bribed a foreign government. The withdrawal of those counts was a victory for Mr. Bankman-Fried, who has argued that prosecutors should not have been allowed to charge him with additional crimes after his extradition. But the win came with a major caveat: The prosecutors asked the judge overseeing the case, Lewis A. Kaplan of Federal District Court in Manhattan, to schedule a second trial in early 2024 on those five counts.

Persons: Sam Bankman, Fried, Lewis A, Kaplan Organizations: Federal, Court Locations: Bahamas, Manhattan

☆ Sam Bankman-Fried Takes Fight Over Federal Fraud Case to Bahamas
▼ + stars: | 2023-06-13 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/sam-bankman-fried-takes-fight-over-federal-fraud-case-to-bahamas-984b3b0

Persons: Dow Jones Locations: bahamas

☆ Sam Bankman-Fried challenges post-extradition charges in Bahamas court
▼ + stars: | 2023-06-13 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

NEW YORK, June 13 (Reuters) - Sam Bankman-Fried, the indicted founder of bankrupt cryptocurrency exchange FTX, wants a U.S. judge to throw out criminal charges brought against him following his extradition from the Bahamas. They want U.S. District Judge Lewis Kaplan to dismiss the charges, or try them separately from seven additional charges at Bankman-Fried's scheduled Oct. 2 trial. Bankman-Fried, 31, was extradited in December from the Bahamas to face charges he stole from customers, lied to investors and lenders, and violated campaign finance laws. An extradition treaty between the United States and the Bahamas says a country must consent before defendants can be tried on charges brought after their extradition. U.S. prosecutors have said will drop Bankman-Fried's post-extradition charges if the Bahamas does not consent.

Persons: Sam Bankman, District Judge Lewis Kaplan, FTX, Fried, Kaplan, Luc Cohen Organizations: YORK, U.S, District, Supreme, Prosecutors, Thomson Locations: U.S, Bahamas, Manhattan, Bankman, Caribbean, FTX, United States, New York

☆ Bahamas court boosts Bankman-Fried’s challenge to post-extradition charges
▼ + stars: | 2023-06-13 | by ( ) edition.cnn.com time to read: +2 min

A Bahamas court on Tuesday temporarily barred the country’s government from agreeing to let US prosecutors pursue part of their criminal case against Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX. Those charges were not in Bankman-Fried’s initial eight-count indictment last December, which focused on the collapse of FTX the previous month, but they were added after his extradition. The Bahamas Supreme Court said the country’s foreign affairs minister and attorney general could not consent to the new charges until Bankman-Fried had a formal chance to object. In papers filed late Monday in Manhattan federal court, Bankman-Fried’s lawyers said a sixth charge alleging US campaign finance violations should also be dismissed because the Bahamas did not consent to it. His lawyers want the six charges dismissed, or tried separately from charges of stealing from customers and lying to investors and lenders.

Persons: Sam Bankman, FTX, Fried, Loren Klein, Lewis Kaplan Organizations: US, Prosecutors Locations: Manhattan, Caribbean, Bankman, Bahamas, United States

☆ Why some Goldman Sachs partners continue to be unhappy with CEO David Solomon
▼ + stars: | 2023-06-13 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

A senior Goldman Sachs partner told CEO David Solomon that his DJing was not befitting a top Wall Street bank CEO, per The Wall Street Journal. senior Goldman Sachs partner told CEO David Solomon that his DJing was not befitting a top Wall Street bank CEO, per The Wall Street Journal. Goldman Sachs partners are restless. While Goldman says the turnover has not been unusual, more than 85 partners have left the firm since Solomon became CEO in 2018. Now, AnnaMaria Andriotis of The Wall Street Journal has detailed more of the tensions inside Goldman.

Persons: Goldman Sachs, David Solomon, Lloyd Blankfein, Solomon, David Solomon's, Insider's Dakin Campbell, Goldman, Kim Kardashian, Dakin, John Rogers, Rich Friedman, Friedman, Lloyd Blankein, Tony Fratto, David Organizations: Street Journal, Street, Morning, Wall Locations: Bahamas, Manhattan

NEW YORK, June 9 (Reuters) - Bankrupt crypto exchange FTX received court permission on Friday to remove customer names from all filings in its bankruptcy case, persuading a U.S. judge that publishing the names would put people at risk of scams and identity theft. U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled that FTX can permanently redact the names of individual customers from its bankruptcy filings, after hearing testimony that publishing customers' names would place them at risk even if other identifying information like their email address was kept secret. In January, Dorsey had allowed FTX to keep secret the names of 9 million of its individual customers for three months. On Friday, Dorsey also authorized FTX to remove the names of companies and institutional investors from its customer lists on a temporary basis, saying FTX will have to make a new request in 90 days. FTX founder Sam Bankman-Fried and several company insiders have been indicted on fraud charges for their role in the company's collapse.

Persons: FTX, John Dorsey, Dorsey, liquidators, Sam Bankman, Dietrich Knauth, Alexia Garamfalvi, Rosalba O'Brien Organizations: YORK, FTX's, Bahamian, FTX, Thomson Locations: U.S, Wilmington , Delaware, Bahamas, Delaware

Dorsey questioned the value of a Bahamian court ruling during a Thursday court hearing in Wilmington, Delaware, saying that he would retain authority over the $7 billion in assets recovered by the U.S. debtors no matter what the Bahamian court rules. "It doesn't go to FTX Digital until I say it goes to FTX Digital," Dorsey said. The sides offered very different descriptions of how important FTX Digital was to the crypto exchange's operations. A court ruling in their favor could place the Bahamian company, and not the U.S. debtors, in charge of collecting assets and deciding how to distribute them to FTX customers. The case is FTX Trading, U.S. Bankruptcy Court for the District of Delaware, No.

Persons: John Dorsey, Dorsey, Chris Shore, Sam Bankman, Bankman, Fried's, Andy Dietderich, Brian Glueckstein, James Bromley of Sullivan, Cromwell, Chris Shore of, FTX, Dietrich Knauth Organizations: U.S, FTX's U.S, FTX Digital, FTX, Bahamian, Bankruptcy, District of, Chris Shore of White, Thomson, & & $ Locations: Delaware, Bahamas, Wilmington , Delaware, U.S, Hong Kong, District of Delaware

☆ A Carnival cruise passenger was arrested by the FBI for sexually abusing his 9-year-old daughter
▼ + stars: | 2023-06-05 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

A Carnival cruise passenger was arrested by the FBI for sexually abusing his daughter. Justin Sigmon was recorded touching his daughter by a passenger and the ship's CCTV. The Federal Bureau of Investigations has arrested a Carnival cruise passenger for sexually abusing his nine-year-old daughter, according to a criminal complaint filed in the Southern District of Florida. On May 26, a passenger recorded Sigmon touching his daughter's thighs, and eventually moved towards her "private area," according to the complaint. According to the passenger, Sigmon covered his crotch with his hands after his daughter had moved away from him.

Persons: Justin Sigmon, Sigmon, Markenzy Lapointe Organizations: FBI, Federal Bureau of Investigations, Southern District of, US, Office Locations: Southern District, Southern District of Florida, Miami, Bahamas, Franklin

☆ I paid $200 for a 2-hour ferry ride from Florida to the Bahamas. I spent 9 hours there, and it wasn't enough time.
▼ + stars: | 2023-06-05 | by ( India Amos | ) www.businessinsider.com time to read: +1 min

First, I drove to Port Everglades to board. Port Everglades is in Hollywood, Florida. India AmosI left from Miami, and it took me nearly 40 minutes to drive to Port Everglades in Fort Lauderdale from Dade City. Around 7:00 a.m., I pulled into the Palm Parking Garage, which is right next to the terminal Baleària regularly uses. Within 20 minutes, I'd shown my passport, passed through security and the ticket gate, and was ready to board.

Persons: India Amos I, Baleària, I'd Locations: Hollywood , Florida, India, Miami, Port, Fort Lauderdale, Dade City, Freeport

☆ A nurse and her boyfriend got high-fives from other Southwest Airlines passengers after they saved a man's life on a flight to Baltimore, say reports
▼ + stars: | 2023-06-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A nurse was on a Southwest flight when a passenger experienced a medical emergency. A nurse and her boyfriend saved a man's life who stopped breathing while on a Southwest Airlines flight to Baltimore, reports say. "It was quite alarming, obviously, seeing his face look that way," Raines told CBS. The couple were greeted warmly by fellow passengers, who gave them high-fives after they had saved the man's life, CBS reported. They believe that multiple factors played a role, mostly due to his low oxygen levels," Raines told the outlet.

Persons: Emily Raines, Daniel Shifflett, Raines, Shifflett, We're Organizations: Morning, Southwest Airlines, CBS News, Greater Baltimore Medical Center, CBS, Guardian Locations: Baltimore, Ft . Lauderdale, Bahamas, Raleigh , North Carolina

☆ Secrets of a superyacht and private jet chef
▼ + stars: | 2023-06-01 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

She loves cooking, traveling and adventure, so she’s working her dream job. So captains or crew would recommend me, clients would recommend me to their friends.” Grace Dvornik, private chef“I was hired as a chef right away on a 64-foot sailing yacht,” says Dvornik. “In my personal experience, I haven’t had many celebrities.”As well as accommodating a range of clients, Dvornik has also acclimatized to a revolving door of colleagues-slash-roommates. While yacht crew are usually confined below deck, Dvornik says there are opportunities to enjoy the perks of living on a superyacht. But working in private aviation, Dvornik gets to spend a bit more time exploring.

Persons: Grace Dvornik, Dvornik didn’t, Dvornik, Dvornik’s, “, ”, “ It’s, Dvornik “, she’d, ” Grace Dvornik, ” Dvornik, She’s, she’s, “ I’ve, she’ll, there’s, ’, haven’t, I’m, deckhands, –, It’s, ” Dvornik’s, they’ve, ” “ I’ve, Grace Dvornik Dvornik, it’s, ” She’ll, ” She’s, “ I’m Organizations: CNN, Ashburton Chefs Academy, George Brown College Chef School, J, Bravo, ” Yacht Locations: Caribbean, Bahamas, superyachts, Clearwater , Florida, Toronto, Canada, Wyoming, “, ”, Italy

☆ The FBI is investigating the fall of the Carnival cruise passenger who is missing after going overboard on his first cruise: report
▼ + stars: | 2023-06-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

The FBI is investigating the fall of a Carnival cruise passenger who fell overboard on his first cruise, per Fox News Digital. 35-year-old Ronnie Lee Peale Jr. was returning to Virginia from the Bahamas at the time of the incident on Monday. The Federal Bureau of Investigation is investigating the fall of a Carnival cruise passenger who fell overboard on his first cruise, Fox News Digital reported on Wednesday. The passenger, 35-year-old Ronnie Lee Peale Jr., was on a Carnival cruise ship returning to Virginia from the Bahamas at the time of the incident. Peale Jr. "loved the cruise life," Blosser told WTKR.

Persons: Ronnie Lee Peale Jr, Peale, Insider's Natalie Musumeci, Hannah Towey, Michelle Blosser, WTKR, Peale's, Peale Jr, Blosser, Cruise Organizations: FBI, Fox News Digital, United States Coast Guard, Federal Bureau of Investigation, Fox, US Coast Guard Locations: Virginia, Bahamas, Norfolk

☆ The Coast Guard has stopped the search for a Carnival cruise passenger who fell overboard
▼ + stars: | 2023-06-01 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

The search for a Carnival passenger who fell overboard has been suspended, the US Coast Guard said. Ronnie Peale Jr. 35, fell off the Carnival Magic ship and into the water on Monday, officials said. His fiancée said Peale Jr. was on his first-ever cruise and in his "happy place" before he fell. The Coast Guard said it stopped its search for Peale Jr. on Wednesday after scouring 5,171 square miles by air and water over 60 hours. The operator of the cruise ship, Carnival Cruise Lines, contacted the Coast Guard on Monday at around 6:30 p.m., reporting that a passenger fell off the Carnival Magic and into the waters.

Persons: Ronnie Peale Jr, fiancée, Peale, —, Peale Jr, Peale's, Cmdr, Christopher Hooper, " Peale, Jennilyn Michelle Blosser, WTKR, Blosser Organizations: US Coast Guard, Service, Coast Guard, Coast Guard District, Cruise Lines, CNN Locations: Bahamas, Virginia, Jacksonville , Florida

☆ A Carnival Sunshine passenger says he's surprised to be alive after the ship was rocked by a terrifying storm that smashed his window
▼ + stars: | 2023-05-31 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Bill Hassler told CNN that a wave broke the window of his cabin and let water in. The Carnival Sunshine had been returning from the Bahamas and heading for South Carolina. A storm off the Southeastern coast of the US hit the Carnival Sunshine cruise ship during its return from the Bahamas last weekend, Fox Weather reported. Bill Hassler, a passenger on board the ship, told CNN he was "surprised I'm still alive" after the storm. Representatives for Carnival Cruise Line did not immediately respond to Insider's request for comment.

Persons: Bill Hassler, I'm, Hassler Organizations: CNN, Morning, Fox Weather, National Weather Service, Crew Center, Carnival Cruise Locations: Bahamas, South Carolina, Charleston , South Carolina, Charleston

CompaniesCompanies Law Firms FTX Trading Limited FollowMay 31 (Reuters) - Sam Bankman-Fried is seeking documents from a law firm that advised his defunct FTX cryptocurrency exchange, saying in a court filing that they could help him beat fraud charges. The former crypto mogul said the documents could prove that he relied on legal advice from Silicon Valley law firm Fenwick & West and did not believe he was breaking the law. Manhattan federal prosecutors must prove he knew his conduct was illegal. Bankman-Fried, the 31-year-old founder of now-defunct FTX Trading, has pleaded not guilty in Manhattan federal court to 13 counts of fraud, conspiracy, illegal campaign contributions and foreign bribery. Prosecutors allege Bankman-Fried stole billions of dollars in customer funds to plug losses in his hedge fund Alameda Research, which collapsed along with FTX last year after its risky cryptocurrency bets backfired.

Persons: Sam Bankman, Fried, Fenwick, FTX, District Judge Lewis Kaplan, ”, “ meritless ”, Palo, Jack Queen Organizations: West, Prosecutors, Alameda Research, U.S, District, Thomson Locations: Silicon Valley, Manhattan, Palo Alto , California, Bahamas

☆ The Carnival cruise passenger who went overboard and remains missing was on his first cruise and it became his 'happy place,' his fiancée said
▼ + stars: | 2023-05-31 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

The man who went overboard on a Carnival cruise ship was on his first-ever cruise, his partner said. "He loved the cruise life," Jennilyn Michelle Blosser told WTKR of her fiancé, Ronnie Lee Peale Jr.Peale Jr. fell off the Carnival Magic ship early Monday and remains missing. The man who remains missing after falling overboard on a Carnival cruise sail returning from the Bahamas was in a "happy place" on his first-ever cruise before tragedy struck, his partner said. The United States Coast Guard said crews had already spent 19 hours searching for Peale Jr. across 4,044 square miles. Crews were continuing their search for Peale Jr. on Wednesday morning, the Coast Guard said.

Persons: Michelle Blosser, WTKR, Ronnie Lee Peale Jr, Peale Jr, Blosser, Peale, Crews Organizations: Morning, CNN, Cruise, United States Coast Guard, Peale Jr, Coast Guard Locations: Bahamas, Virginia, Jacksonville , Florida

☆ Sam Bankman-Fried Could Have Some Charges Dropped if Bahamas Objects
▼ + stars: | 2023-05-30 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/sam-bankman-fried-could-have-some-charges-dropped-if-bahamas-objects-f3c22fce

NEW YORK, May 29 (Reuters) - Prosecutors urged a Manhattan federal court judge on Monday to deny a request by FTX founder Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers to plug losses at his hedge fund. Bankman-Fried, the 31-year-old former cryptocurrency billionaire, has pleaded not guilty to 13 counts of fraud, conspiracy, making illegal campaign contributions and foreign bribery. In a filing late Monday, prosecutors described motions to dismiss the charges as "meritless", rebutting Bankman-Fried's argument that the indictment's allegations were insufficient and legally defective. He has also argued that some of the fraud charges he faces were based on a theory that the U.S. Supreme Court invalidated on May 11. Legal experts have said Bankman-Fried faces long odds of getting the charges tossed, because prosecutors can point to tangible money that his customers lost.

☆ A Carnival cruise passenger on a Bahamas vacation is missing after he leaned over his balcony and fell overboard, officials said
▼ + stars: | 2023-05-30 | by ( Natalie Musumeci | Hannah Towey | ) www.businessinsider.com time to read: +3 min

A man is still missing after he went overboard on a Carnival cruise ship on Monday. The unidentified 35-year-old man was aboard the Carnival Magic cruise ship. A man went overboard on a Carnival cruise ship returning to Virginia from the Bahamas — and he remains missing after officials said he leaned over a balcony railing and plunged into the water. Under the 2010 Cruise Vessel Security and Safety Act, cruise ships must have 42-inch guard rails and man-overboard imaging or detection systems. Have a tip or story to share about man-overboard incidents on cruise ships?

☆ Terrifying video shows a storm flooding decks and hallways of a Carnival Sunshine cruise ship leaving passengers seasick
▼ + stars: | 2023-05-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Terrifying videos show a coastal storm flooded the Carnival Sunshine cruise ship over the weekend. Passengers told WCIV about "horrific" conditions and not hearing updates from crew for over 12 hours. Carnival Cruise Line said the storm delayed the ship's arrival to Charleston. It's a cruise ship passenger's worst nightmare: Rough coastal storms hit the Carnival Sunshine cruise ship over the weekend, flooding some decks of the vessel and delaying its return to port. Carnival Sunshine is now sailing on its next cruise," the statement read.

☆ Sam Bankman-Fried's trial involves over 6 million pages of evidence including Caroline Ellison's diary, report says
▼ + stars: | 2023-05-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried's trial has over six million pages of evidence, per the NYT. The diary of Caroline Ellison, former Almada CEO and on-off girlfriend of SBF, is also evidence. Sam Bankman-Fried's trial involves over six million pages of evidence, making it one of the biggest ever cases of white-collar securities fraud in Manhattan, The New York Times reported. The FTX cofounder has pleaded not guilty to 13 criminal counts including bank fraud, bribery, and campaign finance violations. According to The Times, 2.5 million pages of the evidence come from Bankman-Fried's phones, laptops, and Google accounts.

☆ In the Bahamas, a Constant Race to Adapt to Climate Change
▼ + stars: | 2023-05-24 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

At the United Nations climate summit in Egypt last year, Prime Minister Philip Davis of the Bahamas emerged as one of the most impassioned speakers among the more than 100 heads of state in attendance. “We have to believe that a safer, better future is possible,” he told the gathering. Nicole slammed into what Mr. Davis called “the most beautiful country on earth,” as a Category 1 hurricane before moving on to the United States. The storm ended up inflicting more than $1 billion in damage on vulnerable communities. It was yet another reminder that the Bahamas is uniquely threatened by the effects of climate change.

Persons: Philip Davis of, ”, Davis, Storm Nicole, Nicole Organizations: United, New York Times Locations: United Nations, Egypt, Bahamas, United States, Busan, South Korea

☆ Jimmy Buffett hospitalized, postpones show
▼ + stars: | 2023-05-19 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —A Jimmy Buffett & the Coral Reefer Band concert scheduled to be held in Charleston, South Carolina this weekend, has been postponed due to the singer being hospitalized. Buffett announced the news in posts on both his site and on social media. “Two days ago, I was just back from a trip to the Bahamas, thawing out from the California ‘winter tour,’ and chomping at the bit to get to Charleston,” his note reads. “Thank you for your prayers and thoughts, your amazing years of loyalty, and just remember, ‘NOT YET!’” his note ended. Ticket holders will receive emailed information regarding the rescheduled date.

☆ Jimmy Buffett, Hospitalized After Bahamas Trip, Cancels Show
▼ + stars: | 2023-05-19 | by ( Jesus Jiménez | ) www.nytimes.com time to read: 1 min

Jimmy Buffett, the singer-songwriter who has built a lucrative lifestyle empire on the basis of beach-bum anthems like “Margaritaville” and “It’s 5 O’Clock Somewhere,” canceled a show scheduled for Saturday in Charleston, S.C., after he was hospitalized for an unspecified illness. Mr. Buffett, 76, said in a statement on Thursday that he had a “sudden change of plans this week” after returning from a trip to the Bahamas. “I had to stop in Boston for a checkup but wound up back in the hospital to address some issues that needed immediate attention,” he said. “Growing old is not for sissies, I promise you.”Mr. Buffett said that he would perform again when he is “well enough.”A representative for Mr. Buffett responded to a request for information about his condition by referring to his statement and declined to comment further.

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