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Feds Want Madoff`s Cayman Islands Assets Too

CaribWorldNews, NEW YORK, NY, Mon. Mar. 23, 2009: Self-confessed swindler, Bernie Madoff`s assets included a yacht in the Cayman Islands and now U.S. prosecutors want to forfeit that among other possessions. The Cayman Islands asset the federal government wants is named in court papers as `one Leopard 23M Sport Yacht known as Bull, Hull No. 27, approximately 23 meters long, ...

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Antigua & Barbuda Remains On U.S. List Of Top Money Laundering Nations

CaribWorldNews, WASHINGTON, D.C., Mon. Mar. 2, 2009: The 442.6 sq km island of Antigua and Barbuda continues to hold a spot on the US` list of major money laundering countries. The latest International Narcotics Control Strategy Report by the U.S. State Department to Congress shows that for the sixth consecutive year, the country of some 82,000 nationals, remained on the ...

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Jamaican Jailed For Ganja

CaribWorldNews, NEW YORK, NY, Mon. Mar. 23, 2009: A 42-year-old Jamaican man will spend the next 49 months in prison for leading a gang which ran a bi-coastal marijuana trafficking and money laundering ring. A two-year multi-jurisdictional investigation resulted in the guilty pleas of Richard Lawson and co-defendants Daniel Adams, Senior, 57, of San Diego, Daniel Adams Junior, 25, of ...

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Guyana: Ethnic Relations Commission Calls For Strengthened Efforts To End Racism

CaribWorldNews, GEORGETOWN, Guyana, Mon. Mar. 23, 2009: In a country descendants of slaves and indentured servants call home, the chairman of the Ethnic Relations Commission wants a stronger effort by nationals to eradicate racial discrimination. Bishop Juan Edghill of the ERC on Friday called on Guyanese to pledge to strengthen efforts to end racism and to recognize the legitimate right ...

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Canadian Woman Mugged In Barbados Dies From Wounds

CaribWorldNews, TORONTO, Canada, Thurs. Mar. 19, 2009: A 60-year-old Canadian woman who was badly beaten during a mugging on a Barbados beach on Feb. 28 is now dead. Terry Schwarzfeld died Wednesday morning at Ottawa Civic Hospital where she was being treated for brain injuries sustained from the mugging. Schwarzfeld had recently been named president of the Canadian chapter of ...

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CARICOM Speaks Out On CL, Stanford

CaribWorldNews, BASSETERRE, St. Kitts, Weds. Mar. 18, 2009: Caribbean leaders are of the view that the recent financial problems posed by two companies in the region may have significant implications for policy-holders, depositors and investors.  In a statement issued at the just concluded 12th Inter-Sessional in Belmopan, Belize, the heads of government noted the Caribbean financial sector is generally considered ...

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Guyana`s Roger Khan Cuts Deal With Prosecutors

CaribWorldNews, NEW YORK, NY, Weds. Mar. 18, 2009: A Guyanese-born self-confessed drug dealer could spend the next 15 years in jail after admitting to cocaine trafficking, weapons charges and witness tampering. But it’s a far cry from the sentence Shaheed Roger Khan could have obtained had he gone to trial. Instead, in a major twist of events this week, Khan ...

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Stanford Owes IRS Millions

CaribWorldNews, NEW YORK, NY, Tues. Mar. 17, 2009: Seems the former billionaire known as Sir Allen Stanford did not think he had to pay U.S. taxes. The Internal Revenue Service claims the alleged swindler owes them at least $226.6 million in back taxes. The agency has filed a motion in the U.S. District Court in Dallas claiming Stanford and his ...

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Stanford Victims Creates International Coalition

CaribWorldNews, NEW YORK, NY, Tues. Mar. 17, 2009: Investors of the now seized Stanford Financial Group are uniting to fight for the recovery of billions of dollars. A group calling themselves the Stanford Victims Coalition, has been formed, according to a press statement sent Monday to CWNN. The group, which describes itself as an `international group of Stanford Financial Group ...

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Caribbean Sees Drop In Remittances

CaribWorldNews, WASHINGTON, D.C., Tues. Mar. 17, 2009: Remittances to the Caribbean dropped by over five percent in the last three months of 2008, Inter-American Development Bank data showed Monday. A 2008 graph of remittance flows unveiled yesterday showed money transfers to the region turned negative in the last quarter of 2008 by almost six percent, a trend that was also ...

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