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Cayman Islands

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NEWS
August 2, 1998 | By Gayle Sims, INQUIRER STAFF WRITER
The Grand Cayman is a sunny, booming tropical paradise of extremes. The sky, cartoon blue during the day, looks bruised in the heartbreakingly beautiful sunset. It lacks only the accompaniment of a full orchestra. The calm sea, warm as bathwater, has the clarity of a fine diamond. Stand in shoulder-height water and you see your toes. The citizens, per capita the Caribbean's wealthiest, are split into two groups - the Armani suits and the diving suits. The place is one of the most popular playgrounds in the world for serious divers and home to more tax-free banks than any other island.
NEWS
May 9, 1995 | By Analisa Nazareno, INQUIRER CORRESPONDENT
A second representative of the Marlton company that allegedly bilked thousands of investors of millions of dollars in a Ponzi scheme has been charged in the case. Cindy J. Myers was arrested Friday night at her home in Millville, Cumberland County on four counts of selling unregistered securities. She had been held in Cape May County jail pending an appearance yesterday before U.S. Magistrate Judge Robert Kugler in Camden. At the hearing, Kugler set bail at $500,000, and Myers was released under house arrest after posting 10 percent of the amount.
NEWS
December 12, 2012
Singer's plane fell in nose-dive MEXICO CITY - The plane carrying Mexican American music superstar Jenni Rivera plunged almost vertically from more than 28,000 feet and hit the ground in a nose-dive at a speed that may have exceeded 600 m.p.h., Mexico's top transportation official said Tuesday. In the first detailed account of the moments leading up to the crash that killed Rivera and six other people, Secretary of Communications and Transportation Gerardo Ruiz Esparza told Radio Formula that the plane hit the ground 1.2 miles from where it began falling, meaning it plummeted at a nearly 45-degree angle.
NEWS
February 15, 2013 | By Richard Rubin and Kasia Klimasinska, Bloomberg News
WASHINGTON - Jack Lew, the nominee for Treasury secretary, said he was not aware that a personal investment involved a fund in the Cayman Islands and said he lost money when he sold the holding. Lew, selected by President Obama last month to succeed Timothy Geithner, responded to senators' questions about the investment and his work at Citigroup Inc. as he testified at his confirmation hearing before the Senate Finance Committee on Wednesday. Committee Chairman Max Baucus (D, Mont.)
NEWS
May 24, 2008 | By Sally A. Downey INQUIRER STAFF WRITER
Byron R. Prusky, 72, of Penn Valley, a lawyer and certified public accountant, died of cancer yesterday at home. For more than 40 years, Mr. Prusky practiced law in the areas of tax planning, estate planning and employee benefits, and he was responsible for incorporating more than 500 small and medium-sized businesses. He participated in seminars on living trusts and estate planning, was a guest on the former WWDB-FM radio program Legal Perspectives, lectured extensively, and wrote articles in legal journals.
NEWS
January 31, 1988 | By Henri Sault, Inquirer Coins Writer
The American Numismatic Association (ANA) will hold its midwinter convention March 11 to 13 in the Statehouse Convention Center in Little Rock. The event offers a chance for the display of private collections and for dealers to sell to members of the organization representing collectors. A three-session auction at the Arkansas gathering will be conducted by Heritage Numismatic Auctions of Dallas, and the ANA Certification Service will offer free opinions on the authenticity and value of coins.
NEWS
June 3, 1997 | By Julia C. Martinez, INQUIRER STAFF WRITER
The former president of a Blue Bell insurance brokerage accused by fellow executives of absconding with the company's money was charged in federal court yesterday with stealing $600,500 in cash and fleeing to the Cayman Islands in 1995. David G. Bockius, 33, back now and living in Springfield, claims the money was stolen from him in Jamaica, Assistant U.S. Attorney Richard W. Goldberg said after the charges were announced. The prosecutor said Bockius was arrested May 16 and released five days later after putting up a real-estate bond that included his house, his father's house and a 1964 Corvette.
NEWS
June 9, 1995 | By Analisa Nazareno, INQUIRER CORRESPONDENT
Charles "Chuckie the Meatman" Cugliari, the Voorhees resident accused of bilking thousands of investors nationwide, pleaded not guilty to federal mail- fraud and money-laundering charges in U.S. District Court yesterday in the presence of a handful of disgruntled investors. As his lawyer entered the plea, some threw up their hands, others shook their heads, and some let out gasps of outrage. Cugliari said nothing during the 10-minute hearing. Cugliari has been charged with 29 counts of mail fraud and 20 counts of money laundering in what federal officials describe as a Ponzi scheme.
BUSINESS
June 13, 1992 | FROM INQUIRER WIRE SERVICES
A High Court judge yesterday approved a plan that would give creditors of the Bank of Credit and Commerce International at least 30 percent of their money. Judge Donald Nicholls said the proposal represented the "best option" for the bank's creditors and urged them to accept it. But spokesmen for some of the bank's creditors said they would decide on Monday whether to appeal the decision. A group representing staff and former employees said it already had decided to appeal.
BUSINESS
October 31, 2000 | FROM INQUIRER WIRE SERVICES
The IRS was granted access yesterday to information on thousands of MasterCard and American Express credit-card accounts held by U.S. taxpayers in three offshore banking havens. Ruling in a tax-evasion investigation, U.S. District Judge Adalberto Jordan said the IRS had demonstrated a "reasonable basis" that Americans with accounts in the Bahamas, the Cayman Islands, and Antigua and Barbuda may be flouting U.S. tax laws. The IRS filed a petition on Oct. 19 against MasterCard International and American Express Travel Related Services Co. seeking information such as passport and driver's license numbers and big-ticket purchases by customers with accounts in the three Caribbean locales.
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REAL_ESTATE
June 6, 2016 | By Sally A. Downey, For The Inquirer
Haven Duddy has an explanation for her unusual moniker. She and her two sisters all have place names: Tara, for the plantation in Gone With the Wind ; Cay, for the Cayman Islands; and Haven herself, for a safe refuge, retreat or home. "I got the best name," says the Realtor and interior designer. "I was destined to love all things home. " Her business, Main Line Haven, provides information about construction and design resources, and buying and selling houses. Her husband, Patrick, owns Duddy Construction, specializing in residential additions and bathroom and kitchen renovations.
NEWS
March 15, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Charles Lee McNew, 62, of Lower Gwynedd, an executive for a software company, died of a heart attack Wednesday, March 5, while vacationing in the Cayman Islands. Mr. McNew was there with his wife, the former Sharon DeLucy, and his sister, Suzanne Suchoski, to celebrate the couple's 42d wedding anniversary. While snorkeling with his sister at 2 p.m. March 4, just off Coconut Bay Villas in West Bay, Mr. McNew was stricken. At the time, his wife was on the beach. His sister swam him to the shore.
TRAVEL
December 2, 2013 | By Linda Tuccio-Koonz, For The Inquirer
I wasn't sure if I was ready for my first kiss, but as the catamaran eased from the dock on Grand Cayman - heading deeper into the translucent, turquoise waters of the Caribbean Sea - I felt a growing sense of excitement. The crewmen introduced themselves and ticked off the rules of the vessel. Captain Jack Sparrow wasn't among them, but there were other characters. "If you fall overboard, yell out your first and last name," said one. "Say it loudly and clearly, so we can cross you off the passenger list before we motor off!"
NEWS
February 15, 2013 | By Richard Rubin and Kasia Klimasinska, Bloomberg News
WASHINGTON - Jack Lew, the nominee for Treasury secretary, said he was not aware that a personal investment involved a fund in the Cayman Islands and said he lost money when he sold the holding. Lew, selected by President Obama last month to succeed Timothy Geithner, responded to senators' questions about the investment and his work at Citigroup Inc. as he testified at his confirmation hearing before the Senate Finance Committee on Wednesday. Committee Chairman Max Baucus (D, Mont.)
NEWS
December 12, 2012
Singer's plane fell in nose-dive MEXICO CITY - The plane carrying Mexican American music superstar Jenni Rivera plunged almost vertically from more than 28,000 feet and hit the ground in a nose-dive at a speed that may have exceeded 600 m.p.h., Mexico's top transportation official said Tuesday. In the first detailed account of the moments leading up to the crash that killed Rivera and six other people, Secretary of Communications and Transportation Gerardo Ruiz Esparza told Radio Formula that the plane hit the ground 1.2 miles from where it began falling, meaning it plummeted at a nearly 45-degree angle.
NEWS
October 11, 2011
Delaware Park Entries, Oct. 12 POST TIME: 1:15PM 1ST – $15,000, Maiden Claiming $10,000, 2YO, F (fillies), 1M&70yds 1 Half Buzzed (A Castellano, Jr.) 120 4/1 2 Popic (S Rook) 115 10/1 3 Run for Fun (S Bermudez) 120 12/1 4 Ray de Light (F Boyce) 120 3/1 5 Oneplayfullady (R Chiappe) 120 8/1 6 High Compression (J Rocco, Jr.) 120 2/1 7 Graeme Hall Belle (J Molina, Jr.) 120 12/1 8 Subvert (M Seifers) 113 12/1 9 Disco Sensation (R Santana, Jr.)
NEWS
May 24, 2008 | By Sally A. Downey INQUIRER STAFF WRITER
Byron R. Prusky, 72, of Penn Valley, a lawyer and certified public accountant, died of cancer yesterday at home. For more than 40 years, Mr. Prusky practiced law in the areas of tax planning, estate planning and employee benefits, and he was responsible for incorporating more than 500 small and medium-sized businesses. He participated in seminars on living trusts and estate planning, was a guest on the former WWDB-FM radio program Legal Perspectives, lectured extensively, and wrote articles in legal journals.
BUSINESS
October 8, 2005 | By Joseph N. DiStefano INQUIRER STAFF WRITER
Hedge funds are famously secretive, using offshore tax havens to shelter their investments from public scrutiny. When the funds go bad, that can lead to international complications - as investors in troubled Philadelphia Alternative Asset Management Co. L.L.C. have learned since federal regulators seized the firm in June. A court-appointed receiver in Philadelphia is battling British investors; Cayman Island lawyers; and banks from France, Switzerland and the Netherlands over what's left of the $275 million invested since 2004 in three hedge funds run by the company from its former offices in King of Prussia and Toronto.
NEWS
November 2, 2003 | By Ira Josephs INQUIRER SUBURBAN STAFF
Liz McNaney was simply searching for local road races when she started running two years ago. The Upper Gwynedd Township resident was intrigued after learning about World Run Day, an international event designed to raise money for various charities with simultaneous races on one day. "I asked if there was a World Run Day in the Philly area," McNaney said. "They said, 'No, do you want to start one?' " Despite her inexperience in the sport and as a race administrator, that is what she did. McNaney and Michele Minnick are codirectors for the Philadelphia area's World Run Day, scheduled for the third straight year at North Penn High School next Sunday.
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