Bahamas

FTX Crypto Trading Platform Accused of Running Profit-Making Scam with Bahamas Bank: Lawsuit Reveals Secrets

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MIAMI, FL – FTX, a cryptocurrency trading platform, is at the center of a scandal involving the creation and sale of Tether stablecoins in a profit-making scheme. According to a recent lawsuit reported by Bloomberg, FTX allegedly worked secretly with Deltec Bank & Trust Ltd., based in the Bahamas, to carry out this fraudulent activity. The lawsuit, filed in a Florida court, also implicates Alameda Research, FTX’s sister firm. Caroline Ellison, former CEO of Alameda Research, provided details of the scheme in the court filing. The process involved Alameda creating Tether, also known as USDT, … Read more

Texas Tech Basketball Player Faces Lawsuit Over Sexual Assault Allegations in Bahamas Tournament

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Lubbock, Texas – Texas Tech sophomore guard Richard “Pop” Isaacs has been accused of sexually assaulting a 17-year-old girl while in Paradise Island, The Bahamas, for a college basketball tournament, according to a civil lawsuit filed in Lubbock County. The girl and her parents filed the lawsuit, alleging that Isaacs engaged in unconsented physical and sexual contact with her. The incident reportedly occurred in the early morning hours of Nov. 25, 2023, after the girl and a friend had been drinking. The lawsuit claims that Isaacs and another teammate, in their hotel room, were provided … Read more