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Territorial Affairs

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SAN JUAN — The U.S. Securities and Exchange Commission (SEC) may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, according to filings with the Financial Industry Regulatory Authority (FINRA). According to records filed with FINRA, the SEC’s staff has recommended

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At VIFreepBreaking NewsBusiness NewsPuerto Rico NewsTerritorial Affairs

SAN JUAN — Elvis Guzman opened the letter, saw it was in English and took it to his lawyer for translation. The 59-year-old who sells recycled metal for a living figured it was another letter from the bank warning his family that they were behind on their mortgage payments. But the

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At VIFreepBreaking NewsBusiness NewsGovernment House NewsNational NewsPuerto Rico NewsSt. Croix NewsSt. John NewsSt. Thomas NewsTerritorial Affairs

RISKY BUSINESS: The Government Employees Retirement System (GERS) building in St. Thomas. The pension system does not have enough money to pay the $4.5 billion due to retirees. The New York Times says GERS made questionable “high risk” investments in things like viaticals. (PHOTO COURTESY: Mireya Acierto for The New York Times)

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HIGH TIME FOR HIGH PRAISE: The youngest member ever of the Barbados Economics Society says that Gov. Kenneth Mapp is pulling all the right strings to get the economy fine tuned in short order. BARBADOS — Respected Caribbean economist Jeremy Stephen praised the U.S. Virgin Islands government’s recent efforts to correct the

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At VIFreepBreaking NewsBusiness NewsIrregularitiesPolice NewsSt. Croix NewsSt. John NewsSt. Thomas NewsSuperior Court NewsTerritorial Affairs

ARRESTED: Syed Zain Gilani at the Boston offices of Safr in Massachusetts on Friday afternoon. BOSTON — The attorney for the man accused of being the mastermind of a five-year $2 million scam that allegedly defrauded the Virgin Islands government of Real ID funds says that his arrests on territorial

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FREDERIKSTED — No, no, no and a bottle of rum! Rum peddling pirate Captain Morgan is forcing a rival to walk the plank — successfully winning a lawsuit against a suspiciously similar buccaneer-branded booze called Admiral Nelson for trademark infringement. Canada’s federal court ruled June 12 that consumers could easily

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At VIFreepBreaking NewsIrregularitiesPolice NewsSt. Croix NewsSuperior Court NewsTerritorial AffairsU.S. Department of Justice

ARRESTED IN FAYETTEVILLE, NORTH CAROLINA: Hubert “Blackest” Lee, Jr. FAYETTEVILLE — Federal authorities successfully closed in on East End carjacking-rape suspect Hubert Lee Jr. on Monday. Lee, 22, was captured by U.S. Marshals in North Carolina and taken into custody based on a bench warrant issued by the Superior Court

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2016 Presidential ElectionAt VIFreepBreaking NewsEnvironmental NewsSt. John NewsTerritorial Affairs

ST. JOHN’S PRISTINE BEAUTY: No longer on the list of UNESCO biosphere reserves thanks to the Trump Administration in Washington. WASHINGTON — The United States government has quietly withdrawn St. John’s Virgin Islands National Park from the UNESCO World Network of Biosphere Reserves program, the Virgin Islands Free Press has

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At VIFreepBreaking NewsBusiness NewsCaribbean NewsPuerto Rico NewsTechnology NewsTerritorial Affairs

SAN JUAN — The chairman of the U.S. congressional committee that oversees Puerto Rico on Thursday said the bankrupt island’s federal oversight board was dragging its feet on approving a $9 billion power utility restructuring. Utah Republican Rob Bishop, who chairs the U.S. House Committee on Natural Resources, said the

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At VIFreepBreaking NewsIrregularitiesPolice NewsSt. Thomas NewsTerritorial AffairsU.S. Department of Justice

CHARLOTTE AMALIE — A St. Thomas man was ordered by a federal judge to serve five years in prison after admitting to trying to sell nearly nine pounds of cocaine in the territory. Reinaldo Morone, 44, was sentenced on Wednesday to 60 months in prison for conspiracy to possess with

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