New Category : Crime
Man on bail for murder shot and killed in Nassau Village
Thu, Nov 16th 2023, 04:35 AM
NASSAU, BAHAMAS — A 38-year-old man who police said was on bail for multiple indictable offenses, including murder, was shot and killed in Nassau Village yesterday.
This recent homicide is part of an alarming pattern of killings involving individuals awaiting trial while on bail.
Police said that they received reports of a man being shot in the Nassau Village community sometime around 1:15 p.m. on Wednesday. Upon arrival, responding officers confirmed that a man had been shot and had been found lying in the yard immediately in front of a property located on Catherine Street.
Based on initial information, the victim was standing in front of a residence on Catherine Street when the occupants of a gold-colored Japanese vehicle pulled alongside him. A gunman exited that vehicle and shot him multiple times.
Emergency medical personnel assessed the victim and determined that he had no vital signs of life. Police said that the victim was on bail for multiple indictable offenses, including murder, armed robbery and possession of an unlicensed firearm.
Police are appealing to anyone, especially residents of the Nassau Village community, who may have additional information that can assist with the advancement of this matter, to contact 911, 919, the Criminal Investigations Department at 502-9991/2/3, or Crime Stoppers at 328-TIPS (8477).
Man says he helped murder accused out of fear of him
Wed, Nov 15th 2023, 09:26 AM
Child found dead in bushes close to his home in the Fox Hill area
Wed, Nov 15th 2023, 09:19 AM
NYGARD GUILTY OF SEXUAL ASSAULTS: Mogul expected to be jailed - with more court cases to come
Mon, Nov 13th 2023, 07:54 AM
Former fashion mogul Peter Nygard found guilty of sexual assault
Mon, Nov 13th 2023, 04:59 AM
Peter Nygard guilty of four sex assaults
Sun, Nov 12th 2023, 05:01 PM
Peter Nygard was found guilty of four counts of sexual assault in a Canadian court on Sunday but was acquitted of a fifth count plus a charge of forcible confinement.
Thieves raid pastor's car outside church
Wed, Nov 8th 2023, 08:52 AM
Man allegedly shot by accomplice during an exchange of gunfire on Key West Street
Tue, Nov 7th 2023, 09:40 AM
Cornish pleads not guilty to charges of rape, assault and death threats
Tue, Nov 7th 2023, 08:55 AM
Gunman killed by accomplice during shooting on Key West Street
Tue, Nov 7th 2023, 06:41 AM
FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers
Fri, Nov 3rd 2023, 09:24 AM
FTX founder Sam Bankman-Fried's spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit a new bottom Thursday when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10 billion.
After the monthlong trial, jurors rejected Bankman-Fried’s claim during four days on the witness stand in Manhattan federal court that he never committed fraud or meant to cheat customers before FTX, once the world’s second-largest crypto exchange, collapsed into bankruptcy a year ago. #“His crimes caught up to him. His crimes have been exposed,” Assistant US Attorney Danielle Sassoon told the jury of the onetime billionaire just before they were read the law by Judge Lewis A. Kaplan and began deliberations. Sassoon said Bankman-Fried turned his customers’ accounts into his “personal piggy bank” as up to $14 billion disappeared. #She urged jurors to reject Bankman-Fried’s insistence when he testified over three days that he never committed fraud or plotted to steal from customers, investors and lenders and didn’t realize his companies were at least $10 billion in debt until October 2022. #The trial attracted intense interest with its focus on a fraud on a scale not seen since the 2009 prosecution of Bernard Madoff, whose Ponzi scheme over decades cheated thousands of investors out of about $20 billion. Madoff pleaded guilty, was sentenced to 150 years in prison, where he died in 2021. #The prosecution of Bankman-Fried, 31, put a spotlight on the emerging industry of cryptocurrency and a group of young executives in their 20s who lived together in a $30 million luxury apartment in the Bahamas as they dreamed of becoming the most powerful player in a new financial field. #US Attorney Damian Williams said they engaged in one of the biggest frauds in US history. #Prosecutors made sure jurors knew that the defendant they saw in court with short hair and a suit was not the man with big messy hair and shorts that became his trademark appearance after he started his cryptocurrency hedge fund, Alameda Research, in 2017 and FTX, his cryptocurrency exchange, two years later. #They showed the jury pictures of Bankman-Fried sleeping on a private jet, sitting with a deck of cards and mingling at the Super Bowl with celebrities including the singer Katy Perry. Assistant US Attorney Nicolas Roos called Bankman-Fried someone who liked “celebrity chasing.” #In a closing argument, defence lawyer Mark Cohen said prosecutors were trying to turn “Sam into some sort of villain, some sort of monster.” #“It’s both wrong and unfair, and I hope and believe that you have seen that it’s simply not true,” he said. “According to the government, everything Sam ever touched and said was fraudulent.” #The government relied heavily on the testimony of three former members of Bankman-Fried’s inner circle, his top executives including his former girlfriend, Caroline Ellison, to explain how Bankman-Fried used Alameda Research to siphon billions of dollars from customer accounts at FTX. #With that money, prosecutors said, the Massachusetts Institute of Technology graduate gained influence and power through investments, contributions, tens of millions of dollars in political contributions, Congressional testimony and a publicity campaign that enlisted celebrities like comedian Larry David and football quarterback Tom Brady. #Ellison, 28, testified that Bankman-Fried directed her while she was chief executive of Alameda Research to commit fraud as he pursued ambitions to lead huge companies, spend money influentially and run for US president someday. She said he thought he had a 5 percent chance to be US president someday. #Becoming tearful as she described the collapse of the cryptocurrency empire last November, Ellison said the revelations that caused customers collectively to demand their money back, exposing the fraud, brought a “relief that I didn’t have to lie anymore.” #FTX cofounder Gary Wang, who was FTX’s chief technology officer, revealed in his testimony that Bankman-Fried directed him to insert code into FTX’s operations so that Alameda Research could make unlimited withdrawals from FTX and have a credit line up to $65 billion. Wang said the money came from customers. #Nishad Singh, the former head of engineering at FTX, testified that he felt “blindsided and horrified” at the result of the actions of a man he once admired when he saw the extent of the fraud as the collapse last November left him suicidal. #Ellison, Wang and Singh all pleaded guilty to fraud charges and testified against Bankman-Fried in the hopes of leniency at sentencing. #Bankman-Fried was arrested in the Bahamas last December and extradited to the United States, where he was freed on a $250 million personal recognizance bond with electronic monitoring and a requirement that he remain at the home of his parents in Palo Alto, California. #His communications, including hundreds of phone calls with journalists and internet influencers, along with emails and texts, eventually got him in trouble when the judge concluded he was trying to influence prospective trial witnesses and ordered him jailed in August. #During the trial, prosecutors used Bankman-Fried’s public statements, online announcements and his Congressional testimony against him, showing how the entrepreneur repeatedly promised customers that their deposits were safe and secure as late as last Nov. 7 when he tweeted “FTX is fine. Assets are fine” as customers furiously tried to withdraw their money. He deleted the tweet the next day. FTX filed for bankruptcy four days later. #In his closing, Roos mocked Bankman-Fried’s testimony, saying that under questioning from his lawyer, the defendant’s words were “smooth, like it had been rehearsed a bunch of times?” #But under cross examination, “he was a different person,” the prosecutor said. “Suddenly on cross-examination he couldn’t remember a single detail about his company or what he said publicly. It was uncomfortable to hear. He never said he couldn’t recall during his direct examination, but it happened over 140 times during his cross-examination.”After the monthlong trial, jurors rejected Bankman-Fried’s claim during four days on the witness stand in Manhattan federal court that he never committed fraud or meant to cheat customers before FTX, once the world’s second-largest crypto exchange, collapsed into bankruptcy a year ago.
“His crimes caught up to him. His crimes have been exposed,” Assistant US Attorney Danielle Sassoon told the jury of the onetime billionaire just before they were read the law by Judge Lewis A. Kaplan and began deliberations. Sassoon said Bankman-Fried turned his customers’ accounts into his “personal piggy bank” as up to $14 billion disappeared.
She urged jurors to reject Bankman-Fried’s insistence when he testified over three days that he never committed fraud or plotted to steal from customers, investors and lenders and didn’t realize his companies were at least $10 billion in debt until October 2022.
The trial attracted intense interest with its focus on a fraud on a scale not seen since the 2009 prosecution of Bernard Madoff, whose Ponzi scheme over decades cheated thousands of investors out of about $20 billion. Madoff pleaded guilty, was sentenced to 150 years in prison, where he died in 2021.
The prosecution of Bankman-Fried, 31, put a spotlight on the emerging industry of cryptocurrency and a group of young executives in their 20s who lived together in a $30 million luxury apartment in the Bahamas as they dreamed of becoming the most powerful player in a new financial field.
US Attorney Damian Williams said they engaged in one of the biggest frauds in US history.
Prosecutors made sure jurors knew that the defendant they saw in court with short hair and a suit was not the man with big messy hair and shorts that became his trademark appearance after he started his cryptocurrency hedge fund, Alameda Research, in 2017 and FTX, his cryptocurrency exchange, two years later.
They showed the jury pictures of Bankman-Fried sleeping on a private jet, sitting with a deck of cards and mingling at the Super Bowl with celebrities including the singer Katy Perry. Assistant US Attorney Nicolas Roos called Bankman-Fried someone who liked “celebrity chasing.”
In a closing argument, defence lawyer Mark Cohen said prosecutors were trying to turn “Sam into some sort of villain, some sort of monster.”
“It’s both wrong and unfair, and I hope and believe that you have seen that it’s simply not true,” he said. “According to the government, everything Sam ever touched and said was fraudulent.”
The government relied heavily on the testimony of three former members of Bankman-Fried’s inner circle, his top executives including his former girlfriend, Caroline Ellison, to explain how Bankman-Fried used Alameda Research to siphon billions of dollars from customer accounts at FTX.
With that money, prosecutors said, the Massachusetts Institute of Technology graduate gained influence and power through investments, contributions, tens of millions of dollars in political contributions, Congressional testimony and a publicity campaign that enlisted celebrities like comedian Larry David and football quarterback Tom Brady.
Ellison, 28, testified that Bankman-Fried directed her while she was chief executive of Alameda Research to commit fraud as he pursued ambitions to lead huge companies, spend money influentially and run for US president someday. She said he thought he had a 5 percent chance to be US president someday.
Becoming tearful as she described the collapse of the cryptocurrency empire last November, Ellison said the revelations that caused customers collectively to demand their money back, exposing the fraud, brought a “relief that I didn’t have to lie anymore.”
FTX cofounder Gary Wang, who was FTX’s chief technology officer, revealed in his testimony that Bankman-Fried directed him to insert code into FTX’s operations so that Alameda Research could make unlimited withdrawals from FTX and have a credit line up to $65 billion. Wang said the money came from customers.
Nishad Singh, the former head of engineering at FTX, testified that he felt “blindsided and horrified” at the result of the actions of a man he once admired when he saw the extent of the fraud as the collapse last November left him suicidal.
Ellison, Wang and Singh all pleaded guilty to fraud charges and testified against Bankman-Fried in the hopes of leniency at sentencing.
Bankman-Fried was arrested in the Bahamas last December and extradited to the United States, where he was freed on a $250 million personal recognizance bond with electronic monitoring and a requirement that he remain at the home of his parents in Palo Alto, California.
His communications, including hundreds of phone calls with journalists and internet influencers, along with emails and texts, eventually got him in trouble when the judge concluded he was trying to influence prospective trial witnesses and ordered him jailed in August.
During the trial, prosecutors used Bankman-Fried’s public statements, online announcements and his Congressional testimony against him, showing how the entrepreneur repeatedly promised customers that their deposits were safe and secure as late as last Nov. 7 when he tweeted “FTX is fine. Assets are fine” as customers furiously tried to withdraw their money. He deleted the tweet the next day. FTX filed for bankruptcy four days later.
In his closing, Roos mocked Bankman-Fried’s testimony, saying that under questioning from his lawyer, the defendant’s words were “smooth, like it had been rehearsed a bunch of times?”
But under cross examination, “he was a different person,” the prosecutor said. “Suddenly on cross-examination he couldn’t remember a single detail about his company or what he said publicly. It was uncomfortable to hear. He never said he couldn’t recall during his direct examination, but it happened over 140 times during his cross-examination.”
Man shot dead at Harbour Bay Plaza
Tue, Oct 31st 2023, 12:41 AM
Female Atlantis worker stabbed at work by fellow employee
Wed, Oct 25th 2023, 11:34 AM
Man shot to death was monitored, say police
Mon, Oct 23rd 2023, 09:11 AM
Murder count at 80 as Man shot dead on Malcolm Road
Thu, Oct 19th 2023, 08:49 AM
Cornish sex assault case heading to Supreme Court
Wed, Oct 18th 2023, 09:02 AM
NORTH Abaco MP Kirk Cornish received his voluntary bill of indictment in his sexual assault case yesterday, signalling the advancement of his matter to the higher court.
Man shot dead while sitting in vehicle on Malcolm Road
Wed, Oct 18th 2023, 06:37 AM
Man Shot Dead While Sitting In Jeep On Malcolm Road
Wed, Oct 18th 2023, 04:39 AM
PLP MP To Stand Trial On Rape, Assault and Death Threat Charges
Tue, Oct 17th 2023, 11:42 AM
Shot dead while out on bail for murder
Tue, Oct 17th 2023, 08:58 AM