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Lawyers still investigating investor claims involving Puerto Rico bond funds

March 3, 2015
Lawyers still investigating investor claims involving Puerto Rico bond funds SAN JUAN, Puerto Rico -- Lawyers with the securities law firm of Shepherd Smith Edwards & Kantas LLP are still investigating investor claims involving UBS Puerto Rico bonds and Puerto Rico bond funds. Hundreds of investors have already filed claims against various brokerage firms.

Puerto Rico bank shut down by regulators

March 2, 2015
Puerto Rico bank shut down by regulators SAN JUAN, Puerto Rico -- Doral Bank in Puerto Rico was closed down on Friday by the Office of the Commissioner of Financial Institutions of Puerto Rico, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and...

Former Puerto Rico police officer sentenced for committing perjury during civil rights investigation

February 28, 2015
Former Puerto Rico police officer sentenced for committing perjury during civil rights investigation SAN JUAN, Puerto Rico -- Former Police of Puerto Rico Sergeant Antonio Rodriguez Caraballo was sentenced on Friday to serve 46 months in prison and three years supervised release for making a false statement under oath to the federal grand jury investigating civil rights violations.

Florida man pleads guilty for role in Puerto Rico identity trafficking ring

February 28, 2015
Florida man pleads guilty for role in Puerto Rico identity trafficking ring SAN JUAN, Puerto Rico -- A Florida man pleaded guilty on Friday for his role in a large-scale identity trafficking ring, which sold the identities of Puerto Rican US citizens to foreign nationals to allow them to enter or remain in the United States illegally. To date, a total of 14 individuals have been charged.

Economic census shows Puerto Rico manufacturers had shipments of nearly $77 billion

February 28, 2015
Economic census shows Puerto Rico manufacturers had shipments of nearly $77 billion WASHINGTON, USA -- Puerto Rico's overall manufacturing sector reported $76.6 billion in total value of shipments for 2012, down 4.5 percent from $80.2 billion in 2007, according to the US Census Bureau's Economic Census of Island Areas. The total number of manufacturing establishments...

Former mayor of Rio Grande, Puerto Rico, sentenced to 64 months in prison for bribery

February 27, 2015
Former mayor of Rio Grande, Puerto Rico, sentenced to 64 months in prison for bribery SAN JUAN, Puerto Rico -- The former mayor of the municipality of Río Grande, Puerto Rico, was sentenced on Wednesday to 64 months in prison and ordered to forfeit $39,000 for soliciting and receiving cash bribes from a contractor who sought construction inspection contracts with the municipality.

Puerto Rico authorities seize 222 pounds of cocaine inside container

February 26, 2015
Puerto Rico authorities seize 222 pounds of cocaine inside container SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) field operations officers in Puerto Rico on Sunday seized 222 pounds (100.5 kilos) of cocaine inside a duffle bag concealed inside a container arriving from Caucedo, Dominican Republic. The estimated value of the seized...

New 'fiberhoods' for gigabit broadband open in Puerto Rico

February 25, 2015
New 'fiberhoods' for gigabit broadband open in Puerto Rico SAN JUAN, Puerto Rico -- Critical Hub Networks has opened over 25 Optico Fiber “fiberhoods” in the San Juan area for gigabit broadband. Optico Fiber is Puerto Rico’s only gigabit fiber-to-the-home broadband service, offering upload and download speeds of up to 1Gbps.

Anguilla welcomes new airlift from San Juan

February 23, 2015
Anguilla welcomes new airlift from San Juan THE VALLEY, Anguilla -- A tranquil Caribbean island getaway on Anguilla is now easier than ever to get to with the announcement of Seaborne Airline’s weekly scheduled service. According to chairman of the Anguilla Tourist Board (ATB), Ralph Hodge, the direct flights between Anguilla and San Juan...

New children's book debuts in Puerto Rico

February 21, 2015
New children's book debuts in Puerto Rico SAN JUAN, Puerto Rico -- “Macho Dad”, a new children’s book about losing a father, by Hector Camacho Jr. and Dustin Warburton with illustrations by Dan Monroe, has been written in remembrance of Hector’s father, legendary fighter Hector “Macho” Camacho. This book celebrates the life and...

Tickets for Puerto Rico Heineken JazzFest 2015 now available

February 21, 2015
Tickets for Puerto Rico Heineken JazzFest 2015 now available SAN JUAN, Puerto Rico -- Ticket sales for the 25th anniversary of the Puerto Rico Heineken Jazzfest started on Thursday. Both individual tickets and a four-day pass (JazzPass) may be purchased online or at a number of locations in Guaynabo, Ponce, and Añasco. The Puerto Rico Heineken JazzFest...

Seaborne Airlines to launch service between Puerto Rico and Anguilla

February 19, 2015
Seaborne Airlines to launch service between Puerto Rico and Anguilla SAN JUAN, Puerto Rico -- Seaborne Airlines has announced the addition of non-stop service between San Juan Luis Muñoz Marín International Airport (SJU) in Puerto Rico to Clayton J. Lloyd International airport on the island of Anguilla (AXA), with service starting on April 30, 2015.

First international tourism expo in Caribbean scheduled for May in Puerto Rico

February 16, 2015
First international tourism expo in Caribbean scheduled for May in Puerto Rico SAN JUAN, Puerto Rico -- The Puerto Rico Tourism Company has announced that Expo de Turismo Internacional (ETI), the first international tourism expo in the Caribbean, will take place at the Puerto Rico Convention Center, May 13-16, 2015. The inaugural international tourism expo, ETI-Puerto Rico...

Puerto Rico officials blame parents of children with obesity, consider fines

February 14, 2015
Puerto Rico officials blame parents of children with obesity, consider fines SAN JUAN, Puerto Rico -- In an attempt to address the significant problem of childhood obesity in the United States territory, officials in Puerto Rico have proposed a $500 - $800 fine for parents whose children have obesity and have not improved after parent-focused education.

Another law firm pursues claims involving Puerto Rico bond funds after release of audio recording

February 13, 2015
Another law firm pursues claims involving Puerto Rico bond funds after release of audio recording SAN JUAN, Puerto Rico -- Lawyers with the securities law firm of Shepherd Smith Edwards & Kantas LLP are continuing to investigate investor claims involving Puerto Rico bonds and Puerto Rico bond funds. Recently, it was uncovered that, as early as the summer of 2011, two years before...

Bank leak reveals billions from Caribbean stashed in Switzerland

February 12, 2015
Bank leak reveals billions from Caribbean stashed in Switzerland WASHINGTON, USA -- The International Consortium of Investigative Journalists released a report this week revealing billions of dollars held in nearly 60,000 internal Swiss bank documents from 2006 to 2007 leaked by whistleblower Hervé Falciani, a former employee of HSBC in Switzerland.

Law firm broadens ongoing investigation of UBS Financial Services of Puerto Rico

February 12, 2015
Law firm broadens ongoing investigation of UBS Financial Services of Puerto Rico SAN JUAN, Puerto Rico -- The securities arbitration law firm of Klayman & Toskes and Carlo Law Offices has broadened its ongoing investigation of UBS Financial Services Inc. of Puerto Rico, as a result of an audio recording of former UBS Puerto Rico chairman Miguel Ferrer pressuring brokers...

$29 million cocaine shipment on St Vincent-flagged vessel interdicted off Puerto Rico

February 11, 2015
$29 million cocaine shipment on St Vincent-flagged vessel interdicted off Puerto Rico SAN JUAN, Puerto Rico -- US authorities seized a 989 kilograms (2,180 pounds) cocaine shipment and apprehended 13 men following an at-sea interdiction of a delivery vessel and coastal freighter, approximately eight nautical miles off the north coast of Puerto Rico on February 3, 2015.

Puerto Rico debt restructuring law thrown out by federal judge

February 9, 2015
Puerto Rico debt restructuring law thrown out by federal judge SAN JUAN, Puerto Rico -- A Puerto Rico law that would have forced investors in some public corporations to accept unfavourable restructuring terms has been thrown out by a US federal judge in a lawsuit brought by holders of power utility bonds. Judge Francisco Besosa of the US District Court...

Two former police officers sentenced for 2012 robbery in Puerto Rico

February 4, 2015
Two former police officers sentenced for 2012 robbery in Puerto Rico SAN JUAN, Puerto Rico -- A former sergeant from the Police of Puerto Rico (POPR) was sentenced on Tuesday to serve 101 months in prison for his involvement in a July 2012 home invasion robbery in Bayamon, Puerto Rico. A second former POPR officer was also sentenced to serve 24 months in prison.

Puerto Rico authorities seize $325,480 hidden in ferry

February 4, 2015
Puerto Rico authorities seize $325,480 hidden in ferry SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) officers in Puerto Rico stopped an illegal exportation of currency when officers searched an outbound container booked on the M/V Caribbean Fantasy Ferry destined to the Dominican Republic. On January 27, CBP officers...

Simultaneous drug trafficking and money laundering arrests in Puerto Rico, Florida and Colombia

January 31, 2015
Simultaneous drug trafficking and money laundering arrests in Puerto Rico, Florida and Colombia SAN JUAN, Puerto Rico -- On Thursday morning, US federal agents in coordination with Colombian law enforcement authorities simultaneously executed arrest warrants in Puerto Rico, Florida and Colombia, dismantling an international drug trafficking and money laundering organization...

Getting to Martinique easier thanks to improved service from the US, Canada and Puerto Rico

January 31, 2015
Getting to Martinique easier thanks to improved service from the US, Canada and Puerto Rico NEW YORK, USA -- With American Airlines improved direct service from Miami, Martinique is getting now more and more accessible to travelers from the US mainland. This winter, American Airlines operates a midweek flight on Wednesdays from Miami, in addition to pre-existing weekly nonstop service.

Four former Puerto Rico police officers sentenced for running criminal organisation

January 30, 2015
Four former Puerto Rico police officers sentenced for running criminal organisation SAN JUAN, Puerto Rico -- Four additional former Puerto Rico police officers have been sentenced for using their law enforcement affiliation and equipment to commit robbery and extortion, and to sell illegal narcotics and manipulate court records. Jose Sanchez-Santiago, Miguel Perez-Rivera and...

Puerto Rico authorities seize pre-Columbian artifacts

January 29, 2015
Puerto Rico authorities seize pre-Columbian artifacts SAN JUAN, Puerto Rico -- Five carved pieces dating to the time of the indigenous people of the Greater Antilles islands, were found last week inside the luggage of a traveler by US Customs and Border Protection (CBP) Field Operations officers at the Luis Munoz Marin International airport.

Two Dominican Republic citizens arrested after attempted re-entry to US

January 29, 2015
Two Dominican Republic citizens arrested after attempted re-entry to US SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) border patrol agents last Thursday arrested two citizens of the Dominican Republic for attempting to re-enter the United States after prior removal. Antonio Santana-Areche, 41 and Felix Manuel Mejias-Rijo, 39, appeared...

Travel demand for Caribbean on the rise

January 27, 2015
Travel demand for Caribbean on the rise SAN JUAN, Puerto Rico -- The Expedia group, one of the world's largest online travel companies, reported on Monday that travel demand garnered via the company’s platforms for the Caribbean region grew nearly 30 percent year over year during the first three quarters of 2014.

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