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The 2017 Puerto Rico Investment Summit listed on new events website

January 24, 2017
The 2017 Puerto Rico Investment Summit listed on new events website MIAMI, USA -- EventsXPO.com, the leading discovery platform for US events and trade shows, has added the March, 2017, Puerto Rico Investment Summit to its listings. The fifth Puerto Rico Investment Summit is scheduled on March 2 and 3 and is expected to draw hundreds of investors...

Obama commutes sentence for Puerto Rico political prisoner

January 19, 2017
Obama commutes sentence for Puerto Rico political prisoner WASHINGTON, USA -- Puerto Rico's longest-held political prisoner Oscar López Rivera's sentence has been commuted by US President Barack Obama.  The news first broke on social media on Tuesday afternoon, although the pro-independence weekly Claridad had announced that a source...

Another investor lawsuit filed over Puerto Rico bonds

January 16, 2017
Another investor lawsuit filed over Puerto Rico bonds SAN JUAN, Puerto Rico -- A securities arbitration law firm on Friday filed a claim against UBS Financial Services Inc. of Puerto Rico and UBS Financial Services, Inc. (collectively “UBS”) for $8.5 million. According to the claim, the claimant entrusted assets to UBS with the investment objective...

Go-fast vessel with 2,000 pounds of cocaine intercepted near Dominican Republic

January 12, 2017
Go-fast vessel with 2,000 pounds of cocaine intercepted near Dominican Republic AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) Air and Marine Operations (AMO) aircraft detected a vessel concealing seized 2,000 pounds (907 kilos) of cocaine that was intercepted just off the Dominican Republic by ongoing multi-agency law enforcement efforts...

Puerto Rico authorities seize counterfeit luxury watches

January 12, 2017
Puerto Rico authorities seize counterfeit luxury watches SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) San Juan Field Operations announced on Wednesday the seizure of 20 counterfeit luxury watches, found in two separate shipments, estimated at $2.6 million (MSRP), illegally imported into Puerto Rico from China.

CBP starts operations at new general aviation facility in San Juan, Puerto Rico

January 11, 2017
CBP starts operations at new general aviation facility in San Juan, Puerto Rico SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) has announced that PAZOS Fixed Base Operator (FBO) Service opened a new general aviation processing facility at the Luis Munoz Marin International Airport (LMMIA) located in Carolina, Puerto Rico.

Letter: SEC seeks public feedback from anyone with knowledge of Puerto Rico bond fraud

January 9, 2017
Letter: SEC seeks public feedback from anyone with knowledge of Puerto Rico bond fraud Numerous individuals have come forward over the past year to testify about the massive amount of alleged financial fraud taking place in Puerto Rico. Below is a brief list of the accusations made regarding these activities. Billions of dollars is unaccounted for within the Puerto Rico Electric...

Fifth edition of the Puerto Rico Investment Summit scheduled for March 2017

January 6, 2017
Fifth edition of the Puerto Rico Investment Summit scheduled for March 2017 SAN JUAN, Puerto Rico -- The Puerto Rico Investment Summit (PRIS), the Caribbean’s premier investor’s conference, will celebrate its fifth edition on March 2 and 3, at the Puerto Rico Convention Center in San Juan. This summit is the most important conference to learn about Puerto Rico’s...

As Puerto Rico moves closer to debt restructure, the USVI may need a similar lifeline

December 28, 2016
As Puerto Rico moves closer to debt restructure, the USVI may need a similar lifeline ST THOMAS, USVI -- As Puerto Rico moves closer to restructuring its $70 billion debt after the US federal board overseeing its finances issued a framework to pull the island out of crisis and resumed talks with creditors, another US Caribbean territory, the US Virgin Islands, is grappling with...

Zapping Zika: Puerto Rico Tourism Company optimistic for 2017

December 27, 2016
Zapping Zika: Puerto Rico Tourism Company optimistic for 2017 SAN JUAN, Puerto Rico -- Experiencing a 96% reduction in the number of new zika cases since the peak in October 2016, the Puerto Rico Tourism Company (PRTC) is optimistic heading into 2017. Over the past ten weeks, there has been a markedly steady decline of reported new zika...

Island at War: Puerto Rico in the crucible of the Second World War

December 22, 2016
Island at War: Puerto Rico in the crucible of the Second World War Despite Puerto Rico being the hub of the United States' naval response to the German blockade of the Caribbean, there is very little published scholarship on the island's heavy involvement in the global conflict of World War II. Recently, a new generation of scholars has been compiling...

Air Canada launches new non-stop service between Montreal and San Juan, Puerto Rico

December 19, 2016
Air Canada launches new non-stop service between Montreal and San Juan, Puerto Rico MONTREAL, Canada -- Air Canada on Saturday inaugurated a new non-stop service between Montreal and Puerto Rico. The morning departure of Air Canada flight AC958 marks the beginning of weekly flights from Montreal to San Juan's Luis Muñoz Marín International Airport, which will...

Puerto Rico tourism holds steady in 2016 despite zika

December 9, 2016
Puerto Rico tourism holds steady in 2016 despite zika SAN JUAN, Puerto Rico -- Despite a challenging year, demand for the destination of Puerto Rico in 2016 remained strong. Coming off of a historic record breaking 2015, The Puerto Rico Tourism Company (PRTC) is reaching its aggressive goal of welcoming ten million passengers to Puerto...

Puerto Rico mayor arrested for public corruption

December 8, 2016
Puerto Rico mayor arrested for public corruption SAN JUAN, Puerto Rico -- On Wednesday, Victor Ortiz-Díaz aka “Manolito”, the mayor of the municipality of Gurabo, Puerto Rico, was arrested by Federal Bureau of Investigation (FBI) agents on charges of extortion and soliciting a bribe. According to the indictment, on or about October 2012...

Puerto Rico investor awarded record $18.5 million against Swiss bank

December 8, 2016
Puerto Rico investor awarded record $18.5 million against Swiss bank SAN JUAN, Puerto Rico -- The Financial Industry Regulatory Association (FINRA) Office of Dispute Resolution has published a record $18.5 million securities arbitration award on behalf of Puerto Rico investor Rafael Vizcarrondo against UBS Financial Services, Inc. (UBS) and its Puerto Rico affiliate...

Commentary: Tens of billions in Wall Street theft while political corruption prevents prosecution

December 8, 2016
Commentary: Tens of billions in Wall Street theft while political corruption prevents prosecution On the record, the FBI states that the actions of Wall Street’s major credit rating agencies and banks do not rise to the level of criminal activity. Off the record, they found the evidence overwhelming and disturbing. In this case, we have sworn testimony, fraudulent public documents, audit trails...

Puerto Rico bond fraud victims kick off advertising campaign highlighting PROMESA corruption

November 26, 2016
Puerto Rico bond fraud victims kick off advertising campaign highlighting PROMESA corruption WASHINGTON, USA -- In response to allegations of ongoing government corruption, a series of television and radio spots have been created to inform and educate the American people. These efforts will be undertaken through a new entity that will be called “Wall Street Fraud”.

interCaribbean moves to 18 flights weekly between Puerto Rico and BVI

November 22, 2016
interCaribbean moves to 18 flights weekly between Puerto Rico and BVI TORTOLA, BVI -- interCaribbean Airways has announced a major increase in air service between San Juan and Tortola to commence double daily services effective from December 19, 2016, and triple daily four times a week. The new morning and afternoon services give the...

Under a fiscal control board, Puerto Rico voter abstention is at an all-time high

November 21, 2016
Under a fiscal control board, Puerto Rico voter abstention is at an all-time high SAN JUAN, Puerto Rico -- As the world anxiously observed the US elections, Puerto Rico, a US territory, also held its general election on Tuesday, November 8. And in a place that prides itself for historically having very high voting participation, turnout in these elections reached a new low.

Puerto Rico authorities intercept vessel and 328 lbs of cocaine; two men arrested

November 19, 2016
Puerto Rico authorities intercept vessel and 328 lbs of cocaine; two men arrested AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) Air and Marine Operations (AMO) seized 328 lbs (149 kilos) of cocaine on Tuesday after intercepting a “yola” type vessel near Desecheo island and arresting two US citizens onboard. The estimated value of...

Puerto Ricans consider a future under new governor and new president

November 17, 2016
Puerto Ricans consider a future under new governor and new president SAN JUAN, Puerto Rico -- On November 8, the pro-statehood candidate Ricardo Rosselló was declared the winner of Puerto Rico's elections. Rosselló has conservative views similar to those of US President-elect Donald Trump, and Puerto Rican human rights activists wonder how his...

Shipment of counterfeit lubricant seized in Puerto Rico

November 5, 2016
Shipment of counterfeit lubricant seized in Puerto Rico SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) San Juan Area Port seized a shipment containing nearly 1,500 cans of counterfeit WD-40 brand lubricant sent from China. On October 17, CBP officers inspected merchandise consisting of 30 boxes of product declared as...

Puerto Rico authorities seize $29,000 in unreported currency at San Juan Seaport

October 28, 2016
Puerto Rico authorities seize $29,000 in unreported currency at San Juan Seaport SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) officers from the Anti-Terrorism Contraband Enforcement Team (A-TCET) seized approximately $29,000 in unreported currency in an outbound enforcement action at the San Juan Seaport.

BET founder proposes $14 billion revenue solution for Puerto Rico

October 27, 2016
BET founder proposes $14 billion revenue solution for Puerto Rico SAN JUAN, Puerto Rico -- Robert Johnson, founder of Black Entertainment Television (BET) and majority owner of Caribbean CAGE LLC, in a letter dated October 25, 2016 to the Puerto Rican Control Board, outlined a $14 billion revenue plan over the next 20 years that the Puerto Rico...

First in port insect discovery by authorities in San Juan, Puerto Rico

October 26, 2016
First in port insect discovery by authorities in San Juan, Puerto Rico SAN JUAN, Puerto Rico -- An entomologist from the US Department of Agriculture (USDA) confirmed recently that US Customs and Border Protection (CBP) agriculture specialists made a first in port discovery of an insect within an imported air cargo shipment of cut flowers arriving...

Puerto Rico authorities intercept vessel with 283lbs cocaine; two Dominican Republic nationals arrested

October 25, 2016
Puerto Rico authorities intercept vessel with 283lbs cocaine; two Dominican Republic nationals arrested AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) Air and Marine Operations (AMO) seized 283 pounds (128.8 kilos) of cocaine on Sunday night after intercepting a “yola” type vessel near the northwestern coast and arresting two men onboard. The estimated value...

Peer-to-peer boat rental trend spreads to Puerto Rico

October 19, 2016
Peer-to-peer boat rental trend spreads to Puerto Rico MIAMI, USA -- On Tuesday, Boatsetter, a leading international boat sharing service, announced the formation of a new partnership with Wally Castro Marine in Fajardo, Puerto Rico. The deal is the first of its kind in the Caribbean and adds Wally Castro Marine to Boatsetter’s industry-best...

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