- Lindsay Shiver granted bail in Bahamas on charge she plotted to kill estranged husband, former Auburn footbal AL.com
- Georgia woman arrested in Bahamas in alleged hitman plot to kill husband | GMA ABC News
- Ex-Auburn football player helps bail out wife, her lover who are accused of plotting his murder: report Fox News
- American woman charged with conspiring to kill husband in the Bahamas granted $100,000 bail, lawyer says CNN
- Lindsay Shiver’s family ‘sad, shocked’ over arrest in murder-for-hire plot against estranged husband: ‘Tore us up’ New York Post
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Tag Archives: Bahamas
American woman charged with conspiring to kill husband in the Bahamas granted $100,000 bail, lawyer says – CNN
- American woman charged with conspiring to kill husband in the Bahamas granted $100,000 bail, lawyer says CNN
- Georgia woman arrested in Bahamas in alleged hitman plot to kill husband | GMA ABC News
- Ex-Auburn football player helps bail out wife, her lover who are accused of plotting his murder: report Fox News
- Former Auburn Football player Robert Shiver helps bail wife who allegedly hired Bahamas hitman to kill him out of jail New York Post
- American woman Lindsay Shiver charged with conspiring to kill her husband Robert Shiver in the Bahamas KABC-TV
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US woman arrested in plot to kill her husband in the Bahamas – Eyewitness News 3
- US woman arrested in plot to kill her husband in the Bahamas Eyewitness News 3
- Ex-Auburn football player was locked in nasty custody battle before wife’s alleged murder plot Fox News
- An American woman is charged with conspiring to kill her husband in the Bahamas CNN
- Robert Shiver and former Auburn cheerleader Lindsay Shiver’s toxic love links back to a dark tale of high school romance from Emma Walker’s life Sportskeeda
- Beauty queen from Ga. arrested in plot to kill husband, former football player in Bahamas Atlanta News First
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An American woman is charged with conspiring to kill her husband in the Bahamas – CNN
- An American woman is charged with conspiring to kill her husband in the Bahamas CNN
- Ex-Auburn football player was locked in nasty custody battle before wife’s alleged murder plot Fox News
- Beauty Queen Accused of Plotting to Kill Ex-Auburn Football Player Husband After Police Find WhatsApp Message PEOPLE
- Robert Shiver and former Auburn cheerleader Lindsay Shiver’s toxic love links back to a dark tale of high school romance from Emma Walker’s life Sportskeeda
- A football star’s wife had a ‘perfect marriage’, now she’s accused of plotting murder The Independent
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American woman arrested in Bahamas over alleged plot to kill husband – The Independent
- American woman arrested in Bahamas over alleged plot to kill husband The Independent
- Georgia woman and her lover arrested in Bahamas for alleged plot to kill her ex-Auburn football player husband Yahoo News
- Georgia woman arrested in Bahamas in alleged plot to kill former Auburn football player husband: reports New York Post
- Georgia wife of former college football star Lindsay Shiver, 36, is accused of conspiring with Bahamian lover Daily Mail
- Former Dothan pageant queen charged with two other men in plot to kill husband WDHN
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Mysterious White Clouds Keep Popping Up Near The Bahamas, And No One Knows Why : ScienceAlert
The slice of ocean squeezed between Florida and the Bahamas is one of the most well-studied marine environments in the world, and yet it’s also the epicenter of a lasting geological mystery.
Since at least the 1930s, scientists in the region have noticed strange, billowing white clouds appearing in the turquoise tranquility of the water’s surface.
The curious phenomenon is called a ‘whiting event’, and scientists still don’t understand why it occurs in the Bahamas.
It has become a sort of ‘white whale’ for researchers at the nearby University of South Florida (USF).
The perplexing patches of light-colored ocean are sometimes noticed in other oceans and lakes worldwide, but in the Bahamas, they pop up more often than usual.
Direct sampling of the cloudy waters suggests they contain high concentrations of carbonate-rich particles.
Much of the Bahama archipelago sits on a submerged platform of carbonate known as the Bahama Banks. Does this mean sediments are rising to the surface? Or could it be that blooms of phytoplankton are actually producing the suspended material?
No one knows the answers to those questions, but scientists at USF are determined to find out. They’ve used satellite images from NASA to show how whiting events ebb and flow in the Bahamas.
The team doesn’t know if the trends they’ve identified are natural or human-caused, but what they do know is that from 2003 to 2020, the size of these whiting events seemed to correlate with the seasons.
The largest patches occurred from March to May and October to December. On average, the white patches were about 2.4 square kilometers a piece. On a day with clear skies, satellite images usually snapped about 24 of them, covering a total area of 32 square kilometers (12 square miles).
Between 2011 and 2015, however, the patches suddenly swelled in size, covering more than 200 square kilometers of the ocean at their peak (77 square miles). By 2019, however, the patches shrunk again, although they never got quite as small as they had previously been.
The findings suggest a 10-year cycle might be at play. But a cycle of what exactly?
“I wish I could tell you why we saw that peak in activity, but we’re not there yet,” says USF oceanographer Chuanmin Hu.
“We do see some interesting relationships between environmental conditions, such as the pH, the salinity of water, and the behavior of winds and currents, but we can’t yet say what exact mechanical, biological, or chemical processes were responsible for that peak in activity.”
More direct field experiments are needed, and not just in the Bahamas. Comparing whiting events in other regions could help scientists figure out what features they share in common.
USF researchers tested their model on whiting events in the Great Lakes with preliminary success, but now need to back up those patterns on the ground, or rather, in the water.
August 2 Satellite view of the Pyramid Lake Whiting event in its early stages pic.twitter.com/SoPltG1lG3
— Pyramid Lake Paiute Tribe (@plpt) August 10, 2020
Some studies, for instance, have shown that whiting events happen more in places with muddy sediments.
In addition, it could be that some ocean conditions favor the suspension of sediments and calcium carbonate in the water column. As mentioned before, recent satellite data suggests white patches in the Bahamas are more common in spring and winter, and this is when the Florida currents that run north to south switch.
Without more evidence, all of these theories will remain just that.
The study was published in Remote Sensing of Environment.
Sam Bankman-Fried pleads not guilty to fraud charges in New York
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023.
Ed Jones | AFP | Getty Images
Sam Bankman-Fried pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research.
The onetime crypto billionaire was indicted on charges of conspiracy to commit wire fraud and securities fraud, individual charges of securities fraud and wire fraud, money laundering and conspiracy to avoid campaign finance regulations.
Bankman-Fried arrived outside the courthouse in a black SUV and was swarmed with cameras from the moment his car arrived. The scrum grew so thick that Bankman-Fried’s mother was unable to exit the vehicle, falling onto the wet pavement as cameras scrambled to catch a glimpse of her son.
Bankman-Fried was hauled by security through the throng and into the courthouse in a matter of moments, with photographers scrambling to get out of the way.
Earlier in the day, attorneys for Bankman-Fried filed a motion to seal the names of two individuals who had guaranteed Bankman-Fried’s good behavior with a bond. They claimed that the visibility of the case and the defendant had already posed a risk to Bankman-Fried’s parents, and that the guarantors should not be subject to the same scrutiny. Judge Lewis Kaplan approved the motion in court.
Bankman-Fried returned to the U.S. from the Bahamas on Dec. 21, and the next day was released on a $250 million recognizance bond, secured by his family home in California.
Federal prosecutors also announced the launch of a new task force to recover victim assets as part of an ongoing investigation into Bankman-Fried and the collapse of FTX.
“The Southern District of New York is working around the clock to respond to the implosion of FTX,” U.S. Attorney Damian Williams said in a statement Tuesday.
The U.S. Attorney’s Office for the SDNY had argued that Bankman-Fried used $8 billion worth of customer assets for extravagant real estate purchases and vanity projects, including stadium naming rights and millions in political donations.
Federal prosecutors built the indictment against Bankman-Fried with unusual speed, packaging together the criminal charges against the 30-year-old in a matter of weeks. The federal charges came alongside complaints from the Commodity Futures Trading Commission and the Securities and Exchange Commission.
They were assisted by two of Bankman-Fried’s closest allies, Caroline Ellison, the former CEO of his hedge fund Alameda Research, and Gary Wang, who co-founded FTX with Bankman-Fried.
Ellison, 28, and Wang, 29, pleaded guilty on Dec. 21. Their plea deals with prosecutors came after rampant speculation that Ellison, Bankman-Fried’s onetime romantic partner, was cooperating with federal probes.
Another former FTX executive, Ryan Salame, apparently first alerted regulators to alleged wrongdoing inside FTX. Salame, a former co-CEO at FTX, flagged “possible mishandling of clients’ assets” to Bahamian regulators two days before the crypto exchange filed for bankruptcy protection, according to a filing from the Securities Commission of the Bahamas.
Bankman-Fried was accused by federal law enforcement and financial regulators of perpetrating what the SEC called one of the largest and most “brazen” frauds in recent memory. His stunning fall was precipitated by reporting that raised questions on the nature of his hedge fund’s balance sheet.
In the weeks since FTX’s Nov. 11 Delaware bankruptcy filing, the extent of corporate malfeasance has been exposed. Replacement CEO John J. Ray said there was a “complete failure of corporate control.”
Bankman-Fried was indicted in New York federal court on Dec. 9, and was arrested by Bahamas law enforcement at the request of U.S. prosecutors on Dec. 12. Following his indictment, Bankman-Fried’s legal team in the Bahamas flip-flopped on whether or not their client would consent to extradition.
This is a developing story. Check back for updates.
WATCH: Sam Bankman-Fried arrives in court
Bahamas Regulator Says It Seized $3.5 Billion in FTX Crypto Assets
Bahamas securities regulators said they seized digital assets valued at $3.5 billion from FTX’s local operation in mid-November as the cryptocurrency exchange spiraled toward collapse, a figure that FTX’s U.S. managers cast doubt on Friday.
Christina Rolle, executive director of the Securities Commission of the Bahamas, said in an affidavit made public Thursday that the commission sought control of the crypto assets held by FTX Digital Markets Ltd. last month after FTX co-founder Sam Bankman-Fried told local authorities under oath about a hacking attempt. Her affidavit, filed with the Supreme Court of the Bahamas, also confirmed that the Securities Commission relied on Mr. Bankman-Fried and another FTX co-founder, Gary Wang, to make the transfers happen.
Bahamas Securities Commission says it seized $3.5B in FTX assets ‘for safekeeping’
Brown Rudnick partner Hailey Lennon discusses the possible regulatory holes brought to light by FTX’s collapse and lawmakers’ push for increased crypto regulations.
The Securities Commission of the Bahamas said Thursday the agency seized all digital assets under the control of FTX’s Bahamian subsidiary FTX Digital Markets Ltd. — to the tune of more than $3.5 billion — “for safekeeping” following the cryptocurrency exchange’s collapse.
The regulator said in a press release that the funds were transferred to digital wallets under its exclusive control on Nov. 12, the day after FTX filed for Chapter 11 bankruptcy, after determining “there was a significant risk of imminent dissipation” of the assets under FTXDM’s control based on information disgraced founder Sam Bankman-Fried provided concerning cyberattacks on the system.
The securities watchdog of the Bahamas revealed Thursday it seized upwards of $3.5 billion in digital assets controlled by FTX Digitial Markets Ltd. after the crypto exchange collapsed. ((AP Photo/Marta Lavandier, File) / AP Newsroom)
FTX CUSTOMERS FILE CLASS ACTION LAWSUIT SAYING ASSETS BELONG TO THEM
The funds are being held “on a temporary basis,” the SCB said, while it waits for instructions from the Supreme Court of the Bahamas on whether the assets should be “delivered to the customers and creditors who own them” or to the court-appointed Joint Provisional Liquidators (JPLs) in charge of unwinding FTXDM.
The seizure of the funds by the Bahamian watchdog has been a source of contention between the agency and FTX’s new CEO, John Ray III, who replaced Bankman-Fried and filed FTX’s Chapter 11 bankruptcy in the U.S. after taking control of the firm. Bahamas-based FTXDM separately filed a Chapter 15 bankruptcy which has been rolled into the Chapter 11 – and both sides have been butting heads throughout the proceedings thus far.
John Ray III, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, Tues., Dec. 13, 2022. (Al Drago/Bloomberg via Getty Images / Getty Images)
US PROBES HOW $370 MILLION VANISHED IN HACK AFTER FTX BANKRUPTCY
The Security Commission of The Bahamas admitted last month to seizing the assets of FTXDM, but did not put a dollar amount on the figure at the time.
During his testimony before Congress in mid-December, Ray accused the Bahamian officials of taking the funds with the assistance of former FTX leadership, and claimed the authorities were being uncooperative.
“We’ve repeatedly asked them for clarity about what they’ve been doing,” Ray said of the Bahamian officials. “We’ve been shut down by them.”
Sam Bankman-Fried leaves Federal Court in New York City on Thursday, December 22, 2022. The former CEO of FTX and Alameda has been released on $250M bail. (Charles Guerin/Abaca for Fox News Digital / Fox News)
REGULATORY EXPERT: FTX ‘JURISDICTION SHOPPED’ TO LOCATE IN LAX REGULATORY ENVIRONMENT
Ray also said it appears Bankman-Fried, who was arrested hours before the hearing on several charges related to the FTX collapse, had attempted to undermine the U.S. bankruptcy process by moving company assets to accounts under the control of the Bahamian authorities.
Bahamian officials said in court filings that they requested a criminal investigation into FTX on Nov. 9 after then-FTXDM co-CEO Ryan Salame tipped them off in a phone call about alleged transfers of client funds from the exchange to sister company Alameda Research.
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FTX investor Mark Miller discusses the fallout from FTX after losing $25,000 in the collapse.
FTX founder Bankman-Fried sent back to Bahamas jail
FTX founder Sam Bankman-Fried was sent back to a Bahamas jail Monday after a reported plan for him to waive his extradition to the U.S. stalled.
Reports over the weekend indicated that Bankman-Fried would consent to extradition, but the former crypto billionaire told a different story Monday, demanding to see a copy of his federal indictment before agreeing to return to the U.S. He will return to Fox Hill jail rather than surrendering himself to U.S. custody.
Bankman-Fried’s legal team signaled that they would fight extradition last week. CNBC and several other outlets reported that Bankman-Fried had changed his mind and would instead submit himself for extradition on Monday.
FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force at the Nassau, Bahamas, courthouse on December 19, 2022.
Kris Ingraham | Afp | Getty Images
In open court, chaos reigned. Bankman-Fried, 30, dressed in a blue suit and white button-down shirt, was visibly shaking. His Bahamian defense attorney told the court that he was “shocked” that Bankman-Fried was in court.
“I did not request him to be here this morning,” the attorney said. Franklyn Williams KC, the Bahamian prosecutor, said that he “understood that [Bankman-Fried] intended to waive extradition,” according to an NBC News producer present in the courtroom.
The FTX founder arrived at Bahamian court in a convoy of police vehicles, heavily guarded, just after 10 a.m. ET.
The move comes just days after he was remanded to the medical unit of Bahamas’ notorious Fox Hill Prison.
The State Department in a 2020 report called the conditions at Fox Hill Prison “harsh,” citing “overcrowding, poor nutrition, inadequate sanitation, poor ventilation, and inadequate medical care.”
Sam Bankman-Fried, founder of FTX, is escorted inside of the Magistrate’s Court in Nassau, Bahamas, on Monday, Dec. 19, 2022.
Victor J. Blue | Bloomberg | Getty Images
Medical care in particular is spotty at the Bahamian prison, the report said. The former billionaire was transported from one of his several multimillion-dollar penthouse homes to the prison last week — though Bankman-Fried was entitled to his own room in the medical wing, Bloomberg reported.
Bankman-Fried faces life in federal prison, without the possibility of supervised release, if convicted on just one of eight offenses that prosecutors have charged him with.
His sentence could be reduced by mitigating factors. Trial lawyers and former prosecutors say that, in practice, many white-collar defendants are given lesser sentences than what the guidelines dictate. So, even in large fraud cases, you can see life sentences drastically reduced.
WATCH: Why Sam Bankman-Fried may decide to drop his fight against being extradited to the U.S.
