Cayman Mckeeva Bush Ran Up 33k Debt – Trial Begins

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:cayman islands, mckeeva bush Facebook Twitter Google+LinkedInPinterestWhatsApp(Cayman News Service):As the former premier’s slot machine gambling appeared to intensify in the early months of 2010, the crown said McKeeva Bush ran up a debt of over $33,000 withdrawing cash on his Cayman Islands Government credit card to play in casinos in the US and the Bahamas. During a week’s trip to Vegas in February, Bush was gambling hard and withdrew over $12,000 cash on the card and just a few weeks later on a short official trip to the Bahamas and Miami he touched the card for more than $17,000, the court heard Tuesday as Bush’s trial continued. These amounts were on top of an existing and mounting cash debt already on the card. At that time, the crown said, Bush hadn’t made any payments back to government since December 2009 leaving the public purse to carry the debt burden.During the second day of the leader of the opposition’s trial for corruption and misconduct offences the jury heard that Bush’s efforts to get cash intensified, in 2010 as did his hours at the slots as well as his lossesCounsel representing the crown, Duncan Penny QC, told the jury that while Bush paid back some of the $33,000 several weeks after his gambling trips there was a sum of more than $10,000 outstanding which remained that way for more than two and a half years. It was not until the premier learned that his credit card statements were being investigated by police that he paid back the remaining debt, Penny told the court, as he began to wrap up his opening statement describing the crown’s case relating to the abuse of Bush’s government corporate credit card.Penny detailed the major withdrawals during two trips in 2010 where Bush’s use of his government card across the casinos grew as he accessed much larger amounts including his single largest cash withdrawal on the corporate card in Florida in March when he cashed $4000 on the casino floor.Having lost over $57,000 in Vegas, during a week-long personal trip which he had combined with a brief official appearance at the Winter Olympics in Vancouver, where he also gambled, Bush lost a further $45,000 in Florida a month later. He also was said to have lost an unknown amount in the Bahamas, where he was drawing money from various casinos. All of this was adding to his own personal credit card debts as well as the mounting personal bill on his CIG card.Describing the acceleration in the credit card debt, as he completed the summary of the crown’s case, Penny explained that Bush had begun to use the cashier system on the casino floors and sign for the credit card cash advances rather than use the ATMs. The lawyer said this was because Bush was able to access more cash that way than via the teller machines which limited his daily cash amounts.“The defendant became wise to the fact that the credit card was limited at the ATM to just $1000 per day,” he said, explaining that Bush began using the cashier services where he could sign for cash. Having started the previous July taking $500 here and $100 there on the government card Bush was now making withdrawals in the $1000s.The lawyers said that the money Bush was “so keen to get his hands on was going back into the hungry machines” as he added to his loses.Following the loss of more than a quarter of a million dollars since July 09 of his own money as well as that he had borrowed from the public purse, the court heard that Bush appeared to be in no hurry to pay back what he owed when he returned from the March trip.On his return from the Bahamas and Florida, having taken well over $17,000 in cash on the casino floors or from ATMs during the four day trip, which was for tourism related business, he made no immediate payments when he was sent the reconciliation memo as usual in the immediate wake of the official travel. Despite knowing, the crown’s attorney claimed, that the money he had taken on that card was not for any legitimate business purpose, Bush made no effort to make prompt payment to return the public money.However, some six weeks later he made the first of three random payments.The first was for CI$9,000 on 1 April then three weeks later a second cheque was written for US$13,000 and shortly after one for a CI$1000. A further trip after that in which he drew just $1000 in cash from a Florida Casino while playing the slots, according to the loyalty card, left an estimated debt of just over CI$10,000 which remained that way for about two and a half years.Despite efforts being made by some civil servants to press Bush to reconcile his credit card either with receipts or a written explanation or to pay back outstanding personal sums there was no money forthcoming from the premier until the matter was under investigation by the police.In early November 2012, the police issued a production order to the deputy governor for the premier’s credit card statements which were handed over to the investigating officers. Bush appears to have heard about the investigation into his cards and called Franz Manderson, the deputy governor, to ask him if his statements had been given to the police, which the top civil servant confirmed was correct. It was then that Bush said he had not known about the outstanding balance and made another payment of some $9000 to the government coffers.As he summarized the crown’s case against him Penny told the jury that Bush had breached his duty as a premier when he abused the card and allowed the public purse to carry a growing debt burden which was down to the then premier’s risky and addictive gambling habit. He said Bush began treating the government card like his own personal card as soon as it was given to him and his using the card for gambling was an affront to his high office.He said Bush had shown a disregard for the public trust when he used that card in casinos to get cash for gambling and then made no effort to pay it back before government began to carry the debt. “He allowed government to carry the burden to the tune of $10,000 for two and a half years and only paid it back when he was aware of the investigation,” the lawyer said.Penny closed his opening statement to the jury at around 11-30am on Tuesday morning.Bush has persistently denied the allegations against him, which include 11 counts of breach of trust and misconduct in public office, all of which relate to cash withdrawals at casinos made on a government credit card during his first year in office after he was re-elected in 2009 as the country’s leader. Bush has described the charges as a political witch-hunt to discredit him and the Cayman Islands by the FCO.The case continues in Grand Court One on Wednesday at 10am with the crown’s first witness, the financial secretary Kenneth Jefferson. Recommended for you Minister Presents Budget Culture & Heritage Policy/Plan Survey UK Governors of the Caribbean meet in Miamilast_img read more

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Abused foreign spouses to get rights to remain in TCI

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:abused spouse, immigration bill Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 10 Aug 2015 – The House of Assembly will soon have the opportunity to consider an amendment to the Immigration Bill which should protect abused spouses of Turks and Caicos Islanders. It has long been an issue that these multi-national marriages, which end in chaos, can lead to alleged unfair treatment of the foreign partner. It seems the PNP Administration is moving to level the playing field with a change that would make it perfectly legally for a foreign partner to remain in the country. Those Cabinet minutes explained: “The effect of this Bill is to amend the definition of “gainful occupation” and to make provision for the foreign spouses of TCI Status-holders to continue to work in the Islands in circumstances where they are no longer living together with their spouse because said spouse have treated them cruelly, causing them hardships.” Nearly 1000 Participate in Immigration Bill Consultations More pathways to Citizenship in TCI to enlarge franchise Immigration Bill passes through Houselast_img read more

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A Startup Brings HighTech Sports Analytics to School Teams

first_img 3 min read July 15, 2013 Enroll Now for Free Computer engineer Vasu Kulkarni, a lifelong basketball fanatic, had no luck getting his dream job with Nike or the NBA after graduating from the University of Pennsylvania in 2008. But he knew he wanted to stay “connected to the game of basketball.” He found that connection in 2009, when he launched Krossover, a company that set out to bring high-tech sports analytics to high-school and college athletics.It’s a Saturday-morning ritual for student basketball teams everywhere: gathering to watch the film from Friday night’s game. While coaches may pinpoint mistakes, and players may zero in on their own failures or successes, few high-school and college athletic programs have the technology to make full use of those films the way professional teams can.Scoring big: Krossover’s Vasu Kulkarni.Photo© David JohnsonThe online video and analytics platform from New York City-based Krossover bridges this technology gap. Coaches upload video after a game; within roughly 24 hours, it is analyzed and indexed by four Krossover employees, who tag hundreds of plays for each athlete, such as shots, steals, rebounds, assists and fouls. Later the coach can access the game video on Krossover’s site and sort through stats, choosing to view, for example, the number of rebounds achieved by the center. Players, meanwhile, can use Krossover to splice together all their dunks in one video file and share it with whomever they like.In 2010, while peddling a crude prototype of his product at U.S. basketball camps, Kulkarni met one high-school coach whose team had lost 63 games in a row. The coach signed on for Krossover, and after using the product for one season, his team came within one game of the Massachusetts state championship. “Stories like his have helped us to show that there’s a competitive advantage to using our product,” Kulkarni says.Packages start at $799 per season; added services include the option to cut turnaround time and to provide stats on the opposing team as well.Last year Krossover pulled in more than $3.5 million in angel funding to expand its service to cover lacrosse and football in time for the 2013 season. Many investors, Kulkarni says, are attracted to the inherent “sexiness” of sports businesses. “While a lot of traditional technology VCs shy away from sports, most professional investors have some sports connection–they played in high school or college, or they have kids playing,” he explains. “Being involved in a sports business is fun.”Greg Cangialosi, CEO of Nucleus Ventures, invested in Krossover individually and then brought Kulkarni to his home base of Baltimore to organize a round of funding with other local angel investors.”I was impressed with the product and the market,” Cangialosi says. “There are 250,000 sports teams that could use Krossover in high school and college. And Vasu is impressive. He has the ability to get things done, or what a lot of investors call ‘the hustle.'”Sounds like the kind of player any coach would want on their team. Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. This story appears in the June 2013 issue of . Subscribe »last_img read more

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