Log In

It was meant to be the transaction that paved the way for a new luxury hotel that would offer much needed rejuvenation for tourism in Bermuda’s capital. But for more than two years the Corporation of Hamilton’s move to guarantee an $18 million loan t...

Anti-money laundering and anti-terrorist financing legislation came into effect this week, putting the spotlight on the supervision of dealers of high- value goods. Trevor Moniz, Minister of Legal Affairs, explained to MPs the progress that had been ...

Police have warned about an increase of attacks on Bermuda-based businesses in a “sophisticated scam” known as the Business E-mail Compromise. Scammers are targeting employees who perform regular wire transfers, the Bermuda Police Service advised tod...

NEW YORK (Bloomberg) — The head of a family charged with participating in a $20 million pump-and-dump scheme pleaded guilty to running a fraud ring that allegedly involved his three sons and that prosecutors called “just the latest chapter in a lifet...

People are warned to look out for counterfeit $50 notes that are in circulation. The Bermuda Police Service advises the serial number is #A1596737, and that anyone who receives one should hold on to it, note the description of the individual who tend...

Former chief immigration officer Martin Brewer has been awarded more than $100,000 after being defrauded by a Ponzi scheme in the United States. The Financial Industry Regulatory Authority made the arbitration award after Dr Brewer and Richard Weber,...

Laws concerning the financial abuse of seniors must be overhauled, leading advocates have claimed. Age Concern executive director Claudette Fleming said an “Office of the Public Guardian” — an idea being explored by the One Bermuda Alliance — is des...

Police are on the lookout for a possible fraudster who has been asking for money at people’s homes. A police spokesman said that the female suspect visits residents and explains that her motorcycle has broken down, asking for money to fix the bike. ...

Bermuda was among offshore jurisdictions that came under the spotlight in an undercover probe by a charity into the movement of suspect funds into the US. An investigator from charity Global Witness, backed by Christian Aid, posed as the representati...

Ponzi scheme allegations against the proposed developer of the St George’s hotel project have been dropped after it was accepted there was nothing linking them to the operation. The Desarrollos Hotelco Group, who have signed on to develop the former ...

The Office of Consumer Affairs is warning people to be vigilant about pyramid schemes. Fraudulent financial scams, often pitched as legitimate business opportunities, can appear to be an attractive ways to “get rich quick”, according to a press relea...

People are urged to be vigilant regarding phone calls, e-mails and other correspondence from unknown persons that attempt to obtain personal information or other sensitive data. According to Bermuda Police Service, reports were received on Monday of ...