Tropical Gyros founder Chef Kevin Culmer has been fielding calls from worried investors, who are looking for information on what has happened to their investments since the wind-up of crowdfunding
Chief Justice Sir Ian Winder has ordered Mdollaz Ltd., trading as crowdfunding exchange ArawakX, into provisional liquidation and ordered that a winding-up order for the company be prepared, according to
Mdollaz Ltd. was prepared to accept an almost $34 million settlement from Bank of The Bahamas (BOB) as a result of loss and damage due to the freezing of its
The Securities Commission of The Bahamas (SCB) began winding up proceedings of Mdollaz Ltd., trading as ArawakX, after finding via investigations and interviews that the crowdfunding firm is insolvent, commingled company funds with investor money, and sold Mdollaz shares without SCB approval, according to an affidavit filed by the SCB’s Executive Director Christina Rolle in the Supreme Court’s Commercial Division. An
ArawakX is awaiting Securities Commission of The Bahamas (SCB) approval to list 28 companies on the crowdfunding exchange, the company said in an email to subscribers. Co-founders D’Arcy Rahming Sr. and D’Arcy Rahming Jr. also lamented the company’s challenges in the email, including having to take the company’s bank to court to release funds. It