Category: Business News

Jeffrey Epstein’s New York City Mansion Sells For $51 Million

NEW YORK — Jeffrey Epstein’s Manhattan mansion was sold for approximately $51 million to an undisclosed buyer on Tuesday, an attorney for the estate said. Funds from the sale will be transferred to the Epstein Victims’ Compensation Program so new claims can be issued, Dan Weiner said in a statement to CNN. The independent administrator […]

Anna’s Retreat Man Who Fired Gun During Bank Robbery Attempt Gets 12 Years In Prison: USAO

CHARLOTTE AMALIE — A St. Thomas man who was part of a duo that put a bullet in a security guard’s leg after he interfered with their botched bank robbery attempt got 12 years behind bars from a federal judge, authorities said. Melik Petersen, 29, of Anna’s Retreat was sentenced to 144 months in prison […]

Family Of Connecticut Man Who Drowned Trying To Save Family Members Asks Puerto Rico For Danger Signs

SAN JUAN — Family and friends mourned the loss of a Connecticut man who died while saving his two daughters during their vacation in Puerto Rico last week. His nieces told of the horrific ordeal and the community’s response on Wednesday. “My uncle actually drowned,” said Huertas the niece of Jose Antonio Gonzalez.  “He hit […]

AG Denise George Calls Out Consortium Publisher For ‘Yellow Journalism’ Tactics

CHARLOTTE AMALIE — Attorney General Denise George today denounced the V.I. Consortium’s online portal for falsely reporting that the owner and proprietor of ABC Concepts, Inc. is her brother. The article detailed claims of the company’s alleged involvement in a kickback scheme with a former WAPA official and of receiving over $1.1 million in inflated […]

Homegrown Talent Tapped To Coach U.S. Virgin Islands Women’s National Basketball Team

CHRISTIANSTED — It started off as a phone call out of the blue to Tajama Abraham-Ngongba. But it didn’t take many more to convince the St. Croix native to return as head coach of the U.S. Virgin Islands’ senior women’s national basketball team. Abraham-Ngongba, currently in her eighth season as an assistant coach on George […]

It’s Time To Rethink Our Cruise Ship Tourism Strategy: Expert Opinion

Since March 2020, cruise arrivals in the U.S. Virgin Islands plummeted with adverse economic consequences for the local economy. From January to November 2020, cruise arrivals totaled 440,398 whereas for the same period in 2019, arrivals were 1.433 million, a 69 percent fall off. The reason for the drop was the suspension of cruising as […]

Looking To Get Leaner And Meaner, V.I. WAPA Names A New Executive Director

CHARLOTTE AMALIE — The financially-strapped Virgin Islands Water and Power Authority is getting new leadership. The WAPA Governing Board has named Noel Hodge, currently chief operating officer of the water system, to serve as WAPA interim executive director. Lawrence Kupfer ended his role as executive director of WAPA on Monday or Tuesday, according to the […]

South Dakota Fraudster Used Proceeds From Fake Organic Foods Biz To Buy $400,000 In Jewelry From St. Thomas

CHARLOTTE AMALIE — Federal prosecutors have charged a South Dakota businessman in what they say was a $71 million scheme to sell fake organic grain and seeds to fuel his “extravagant lifestyle” which includes an $8 million yacht, a multimillion Florida home and St. Thomas-bought jewelry. Kent Duane Anderson’s “business enterprise generated large profits and […]

Income Level Alone Should Not Determine How Much Benefit Aid A Country Receives: OP-ED Piece

SANTIAGO, Chile — The recent call to action by the Secretary of the Treasury of the United States, Janet Yellen, to the G-20 for a new issue of IMF Special Drawing Rights (SDRs), which the G-20 recently approved, and the re-allocation of excess SDRs to low-income countries (LICs) is a much welcome and needed initiative. […]

Buzzed Driving Could Cost You A Pot Of Gold On St. Patty’s Day … It Could Also Cost Someone’s Life: VIPD

FREDERIKSTED — Buzzed driving could cost you a pot of gold come St. Patrick’s Day. But the message is — to drive safe — so you can stay safe. VIPD Police Commissioner Trevor Velinor and the Office of Highway Safety said they understand that people are looking for a reason to celebrate, and they want […]