Bell sweeps way to Richmond win, advances in Xfinity Series Playoffs

first_imgRICHMOND, Va. — Eager to add a NASCAR Xfinity Series championship to his resume in perhaps his final season in the series, Christopher Bell made an emphatic statement in Friday night’s Go Bowling 250 at Richmond Raceway.Bell swept the first two stages of the series playoff opener — bringing his total of stage wins to 17 — and led a career-best 238 laps in the No. 20 Joe Gibbs Racing Toyota, winning for the seventh time this season, the third time in five starts at the .75-mile short track and the 15th time in his Xfinity Series career.RELATED: Unofficial results“That one was pretty special,” said Bell, who passed pole winner Austin Cindric for the lead on Lap 86 and never trailed after that. “Going 92 laps straight there (on the final green-flag run) was really difficult. We were sliding all around.“I felt like, if I could get through traffic, I would be in good shape because my car could really move around good. I could run up (the track) and I could run down. The No. 00 (eventual third-place finisher Cole Custer) was keeping pressure on us pretty good, but this Supra was too good.”Bell finished 1.700 seconds ahead of Cindric, who passed Custer on Lap 239 of 250 to secure the runner-up position. Bell’s car was so dominant that he opened a lead of 7.743 seconds over Cindric before Vinnie Miller hit the Turn 2 wall to bring out the second caution on Lap 51.The only pressure Bell felt during his cruise to the checkers came from Custer, who passed Cindric for second on Lap 87 and shadowed the race winner early in the final stage, drawing within three car lengths at one point before Bell widened his advantage in traffic.“The 00 could kind of close a little on us in the middle part of the run, but I was just trying to keep hitting my marks, keeping the rear tires underneath me and running on that yellow line (at the apron),” Bell said. “When the 00 was closing, I was getting nervous, because I was pretty much running as hard as I could without slipping the tires), and he was gaining on me a little at a time there.“It seemed like my car could move around maybe a little bit better than his, and lapped traffic helped me get a little bit of a gap.”Custer faded to 4.432 seconds back at the finish.“We were just kind of loose to start the run,” Custer said. “It kind of got worse, and I was using too much break and got to tight center (in the center of the corners). We were really close there for a second, but I just didn’t have the long-run speed.”Cindric posted his second straight runner-up finish at Richmond, after running second to Custer in the spring. He’s fourth in the standings with a comfortable margin heading to the Charlotte Roval.“This is the only double-digit buffer I think I’ve ever had in anything in NASCAR, so I’ll take it,” Cindric said. “Obviously, a really good night for the MoneyLion Ford Mustang, keeping the Fords up front. Two runner-up finishes here at Richmond is good, but you want to win races, so I’ve got to keep working and keep figuring out how to catch that guy in the 20 (Bell). But overall, a great day.”Justin Allgaier finished fourth after qualifying second and dropping to the rear of the field for the start because of a pre-race tire change. Chase Briscoe ran fifth, followed by Harrison Burton, Noah Gragson, Zane Smith, Michael Annett and Tyler Reddick.With an automatic berth in the Round of 12, Bell leads the playoff standings by 18 points over Custer and Reddick. Brandon Jones (11th Friday), Ryan Sieg (12th), Justin Haley (17th) and John Hunter Nemechek (15th) fell below the cutline for the next round, with an elimination race looming in two weeks at Dover.6.2.5last_img read more

Colin Kaepernick’s lawyer predicts NFL return

first_img GET THE BEST OF THE JAPAN TIMES NFL, Colin Kaepernick, Mark Geragos, collution “I think you’re going to see … within the next two weeks that somebody is going to step up and do the right thing, and you want me to predict who?” Geragos asked, per ESPN. “Besides the Panthers, it would not surprise me if Bob Kraft makes a move.”Kraft, the owner of the New England Patriots, is among the founders of an organization launched last month to seek criminal justice reform.The settlement of the grievance filed by Kaepernick and Eric Reid was announced in a joint statement released by their attorneys and the league on Friday.“For the past several months, counsel for Mr. Kaepernick and Mr. Reid have engaged in an ongoing dialogue with representatives of the NFL,” the statement reads. “As a result of those discussions, the parties have decided to resolve the pending grievances. The resolution of this matter is subject to a confidentiality agreement so there will be no further comment by any party.”According to Yahoo Sports, the final hearing in the players’ joint collusion case against the NFL was scheduled for later this month. Yahoo added that sources previously said Kaepernick would only withdraw his grievance for a lucrative settlement.The NFL Players Association released a statement supporting the resolution.“Today, we were informed by the NFL of the settlement of the Colin Kaepernick and Eric Reid collusion cases,” the statement reads. “We are not privy to the details of the settlement, but support the decision by the players and their counsel. We continuously supported Colin and Eric from the start of their protests, participated with their lawyers throughout their legal proceedings and were prepared to participate in the upcoming trial in pursuit of both truth and justice for what we believe the NFL and its clubs did to them.“We are glad that Eric has earned a job and a new contract, and we continue to hope that Colin gets his opportunity as well.”Kaepernick filed his grievance in October 2017, alleging collusion by NFL owners to keep him out of the league, as he remained unsigned as a free agent through the fall after opting out of a contract with the San Francisco 49ers that spring. A number of owners, executives, coaches and other figures have been deposed as part of the grievance, and a motion by the NFL to have the grievance dismissed was denied in August.Reid, who was the first player to join Kaepernick in 2016 with the 49ers by kneeling during the national anthem in protest, filed his own collusion case against the NFL in May 2018. It appears the two grievances were combined into a joint case, but it’s unclear when that occurred.Reid became a free agent in March 2018 and remained unsigned until mid-September, when the Carolina Panthers brought him in after an injury to safety Da’Norris Searcy. With his one-year deal expiring after the season, Reid signed a three-year extension for a reported $22 million with Carolina last week.The 31-year-old Kaepernick remains unsigned, having not played a game since the 2016 regular-season finale. He led the 49ers to a Super Bowl XLVII appearance after the 2012 season. RELATED PHOTOS KEYWORDScenter_img A Nike ad featuring American football quarterback Colin Kaepernick is diplayed in New York City in September. | AFP-JIJI NEW YORK – Now that Colin Kaepernick has settled his collusion grievances with the NFL, the next step is getting him back in the league, his lawyer said Saturday night.Attorney Mark Geragos told CNN that Kaepernick “absolutely wants to play” and made a pretty bold prediction about when that might happen. IN FIVE EASY PIECES WITH TAKE 5last_img read more

Staff shakeup at US Soccer Federation under new CEO

first_imgLast Updated: 17th April, 2020 07:01 IST Staff Shakeup At US Soccer Federation Under New CEO Chief administrative officer Brian Remedi has been fired by the U.S. Soccer Federation as part of a staff shakeup in the transition to new CEO Will Wilson. Chief administrative officer Brian Remedi has been fired by the U.S. Soccer Federation as part of a staff shakeup in the transition to new CEO Will Wilson.Tonya Wallach, chief talent and inclusion officer since 2018, also was fired Wednesday. The departures were first reported by Soccer America and confirmed by the USSF on Thursday. Additional staffers were let go, but the USSF would not confirm the total.Wilson announced he was taking a 50% pay cut during the period of economic uncertainty caused by the new coronavirus pandemic.“Upon officially joining the organization just over two weeks ago, it became quickly apparent that the status quo was not sustainable for the economic viability of the federation,” Wilson wrote in a letter Thursday to federation members. “After extensive discussion, we concluded that we needed to act quickly and decisively in order to not put the federation in financial peril in the coming years.”Remedi was third on the federation staff directory as chief stakeholder officer when he was given the additional duties of chief administrative officer last Sept. 16 following the retirement of CEO Dan Flynn.Remedi had been with the federation from 1996-99 and returned in 2009. He had $326,745 cash compensation in the year ending on March 31, 2019, according to the USSF’s tax return.“The layoffs and furloughs were another challenging part of these decisions,” Wilson wrote. “These are people that have been incredibly dedicated and have contributed endless hours to help soccer grow in this country.”The USSF announced Wednesday it was folding its development academy, which included boys and girls youth teams. Major League Soccer said it will launch boys competitions.“We know that discontinuing our support of the development academy will have a significant impact across the elite youth soccer ecosystem,” Wilson wrote. “While the timing is difficult, unprecedented times required us to act now, ”The uncle of former NFL quarterback Andrew Luck, Wilson started as Flynn’s successor on March 30. He was hired after Cindy Parlow Cone took over as president from Carlos Cordeiro, who quit following USSF legal filings that demeaned players on the U.S. women’s team who have filed a gender equity lawsuit.Jay Berhalter, Flynn’s No. 2 as chief commercial and strategy officer, left at the end of February. He is the brother of Gregg Berhalter, who was hired in December 2018 as the U.S. men’s national team coach.USSF chief legal officer Lydia Wahlke was placed on administrative leave last month after the controversy over the legal filings. First Published: 17th April, 2020 07:01 IST WATCH US LIVE Written By Associated Press Television News center_img SUBSCRIBE TO US COMMENT LIVE TV FOLLOW USlast_img read more

Apple’s Scorched-Earth Advertising Play Could Lobotomize Google

first_imgApple has an advertising business. But Apple doesn’t have an advertising business that it must protect at all costs. Particularly when it can create cudgels to bludgeon Google.The cudgel in question is Apple’s new content-blocking software that it’s building into iOS 9. The new version of Apple’s mobile operating system promises to significantly improve Apple customers’ experiences—even as it wreaks havoc on companies that depend upon advertising to pay the bills.Like, say, Google.While Apple is almost certainly focused on improving the experience of its customers, rather than beating up Google, Charles Arthur rightly reasons, “this could have quite an effect” on Google.Indeed.Apple Does Right By CustomersApple has a bit of a love/hate affair with advertising. Originally it was pure hate, with Steve Jobs grousing that “most of this mobile advertising sucks.”Apple then acquired Quattro Wireless and introduced iAd as a way to “create the kind of advertising that captures attention and drives results.”Except it hasn’t. At least, not to the extent that Apple may have hoped. Apple’s iAd trails Google’s mobile business by a considerable margin. Given that Apple has more cash than many countries, this may not keep CEO Tim Cook awake at night. What does, however, are the privacy and experience problems that an increasingly aggressive mobile advertising community imposes on consumers. Despite the potentially negative impact on Apple’s advertising business, Cook went on the offensive, declaring in an online statement, “[A]t Apple, we believe a great customer experience shouldn’t come at the expense of your privacy.” The same is true of advertising, which bloats mobile pages, ruining performance and cratering battery life. Services like Adblock Plus have cropped up to remediate this on desktops, and now Apple is giving developers hooks to block unwanted content on smartphones, too.To be clear, Apple is not releasing ad-blocking software. Its approach is different, as Paul Hudson describes:[T]he performance cost of ad blockers is so high to make it unworkably slow on mobile. Plus, the very nature of ad blockers requires the ad-block extension to know every page you’re visiting and what you did there, which is hardly a pleasing thing to think about.  So, Apple introduced a solution: content-blocking Safari extensions. They introduce a way to programmatically determine what websites users can visit and what content can be shown, but using a dramatically new model that offers significant performance enhancements and—best of all—absolute user privacy.While this isn’t a foray into ad-blocking, per se, it will enable a new strain of ad-blocking. And it will definitely have a significant impact on mobile advertising.Burning Google’s BoatsWhich isn’t good for Google, in particular, but really, for any company that gives away free services in return for gathering data on users, thereby to better target ads.Arthur details the potential fallout:Consider: iOS 9 arrives, and lots of happy iOS users say how delighted they are to be blocking those annoying ads…. Meanwhile Android users won’t be able to follow suit (to anything like the same extent). At least one of two things will happen: • some Android users begin considering switching to iPhones • Google comes under pressure to allow ad blockers on the Play Store to prevent Android switchingNeither of these is good for Google.But it is arguably very good for consumers. And Apple. On one hand, Apple’s iAd won’t be subject to the same content blocking constraints, because iAd runs at the OS level and therefore skirts the restrictions. Yet Apple doesn’t care as much about a few advertising pennies when it makes billions selling devices, devices that will arguably sell at even greater volumes if consumers feel they can get a cleaner, superior experience with Apple. Will this lobotomize Google overnight? Of course not. But Apple is driving the mobile agenda, and in a way that has serious potential to bloody Google.Photo by Nestor Galina Related Posts Tags:#Ad Blockers#Adblock Plus#Apple#Content Blocking#Google#IAD#iOS 9#mobile#mobile advertising#Safari Matt Asay What Nobody Teaches You About Getting Your Star…center_img How to Make the Most of Your Software Developer… Kickstarting a Stagnant Company WordPress for Enterprise – How This Open-…last_img read more

PFL semis: Late Global fightback stuns Meralco

first_imgJordan delivers on promise: 2 Cobra choppers now in PH Hotel says PH coach apologized for ‘kikiam for breakfast’ claim The first leg of the other semifinal matchup between Kaya Makati and Ceres Negros starts at 4 p.m. on Sunday at University of Makati StadiumSports Related Videospowered by AdSparcRead Next Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games The Fatted Calf and Ayutthaya: New restos worth the drive to Tagaytay The Sparks were rewarded for their enterprising play in the 61st minute when Tahj Minniecon slotted home a penalty after he was fouled by Daryl Regala.Struggling for most of the match, Global came alive late with a comeback that puts Akbar Nawas’ side in a strong position to reach the finals. FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingMinegishi completed the fightback in the 93rd minute with a strike from just inside the box. Teed up by substitute Paolo Salenga, Minegishi rifled a shot that ricocheted off the post and crossed the line, sparking wild celebrations from Global fans.With their away goal though, the Sparks just needs a 1-0 win in the second leg on Saturday to also advance. After 30 years, Johnlu Koa still doing ‘hard-to-make’ quality breads View comments ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims LATEST STORIES NU coach Bernabe tips hat off to underdogs Adamson, UE MOST READ Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Malditas save PH from shutout Don’t miss out on the latest news and information. MRT 7 on track for partial opening in 2021 National team standout Pika Minegishi struck right at the death as Global Cebu edged Meralco Manila, 2-1, to grab a slender advantage in their Philippines Football League semifinal duel at Rizal Memorial Stadium. Wesley Dos Santos equalized for Global just before stoppage time with a glancing header off a corner from Minegishi as the Cebu side finished with a flourish. ADVERTISEMENTlast_img read more

Tuchel: Penalty for Man Utd was a ‘cruel decision’

first_imgThomas Tuchel lamented a “cruel decision” going against Paris Saint-Germain in their loss to Manchester United, but insisted he was still a big supporter of the use of VAR. PSG were stunningly eliminated from the Champions League on Wednesday, suffering a 3-1 loss at home to Manchester United to bow out on away goals after a 3-3 aggregate draw. But it took a contentious 94th-minute penalty to send United through, Marcus Rashford converting after a VAR review led to Presnel Kimpembe being penalised for a handball.  Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! A measured Tuchel rued the decision as PSG were eliminated in the last 16 of the competition for a third straight season. “It was a big decision, a cruel decision… but it’s difficult. There are reasons he can give the decision. It’s always soft facts with hands,” he told a news conference. “The shot is not a big, big chance. It’s wide, then suddenly it’s a penalty.”Romelu Lukaku’s brace in the first half gave United hope, but Juan Bernat’s 12th-minute goal had PSG on track before the late drama.Despite the VAR intervening, Tuchel said he still supported the use of the technology, acknowledging the handball rule was a difficult one.Full Time:Paris Saint-Germain  –  Manchester United — Paris Saint-Germain (@PSG_English) March 6, 2019 “I’m a big supporter of VAR, and I am still a big supporter of VAR,” he said.”With hand, it’s a super-difficult thing, because there are too many points in do we punish it or not punish it, distance, natural position… so many things to discuss.”I think [it’s] a 50-50 decision.”Tuchel added: “This is the problem with hand. The points people use to support the decision say it isn’t.”For a shot that was going 50 metres over the bar to get a penalty from 11 metres, there is no logic in that.”last_img read more

10 months agoReal Madrid goalkeeper Courtois: No problems with Keylor

first_imgAbout the authorCarlos VolcanoShare the loveHave your say Real Madrid goalkeeper Courtois: No problems with Keylorby Carlos Volcano10 months agoSend to a friendShare the loveReal Madrid goalkeeper Thibaut Courtois insists there’s no tension with Keylor Navas after winning the Club World Cup final.Courtois’ arrival has come at a cost for Keylor, who now struggles for minutes despite winning three successive Champions league titles.”I respect him a lot, like the other players here who have won three Champions Leagues,” Courtois said after victory over Al Ain.”It’s never nice to be on the bench, I guess for him it’s the same, but I see him working well.”There isn’t a bad relationship, all the goalkeepers train hard.” last_img read more

Big Ten has wide range of bowl possibilities

IowaRecord: 9-1, 5-1Bowl game chances: DefiniteBest-case scenario: Rose BowlIf the Hawkeyes can knock off the heavily-favored Buckeyes in Columbus without starting quarterback Ricky Stanzi, Iowa will clinch at least a share of the Big Ten and hold a tiebreaker with Ohio State, Penn State and Wisconsin.Worst-case scenario: Insight BowlIowa began the season 9-0, but a complete collapse could take them out of contention for a premier Big Ten bowl game. Losing its last three games would place Iowa back toward the middle of the conference pack.Prediction: Capital One BowlThe task at hand Saturday might be too much for an Iowa team that has narrowly escaped far too many disasters throughout the season. The Hawkeyes fall at Ohio State, but beat Minnesota in their final game to earn an invite to Orlando.Ohio StateRecord: 8-2, 5-1Bowl game chances: DefiniteBest-case scenario: Rose BowlWith a win Saturday over Iowa, the Buckeyes would clinch a share of the conference title and a trip to Pasadena.Worst-case scenario: Insight BowlIf OSU loses to Iowa, then drops its final game at Michigan, the Buckeyes could slip down the conference totem pole if Iowa, Penn State and Wisconsin all finish out their seasons strong.Prediction: Rose BowlStill riding the momentum from a one-sided victory at Penn State, the Buckeyes notch victories over the Hawkeyes and Wolverines, earning a spot in “The Granddaddy of Them All.”Penn StateRecord: 8-2, 4-2Bowl game chances: DefiniteBest-case scenario: Fiesta BowlSince either Ohio State or Iowa is guaranteed to win Saturday, the victor will automatically finish ahead of Penn State by virtue of a tiebreaker, so the Nittany Lions’ goal won’t be set on the Rose Bowl. But if Penn State wins out and the loser of OSU-Iowa also drops its final game, Joe Paterno’s crew could be in contention for a BCS at-large berth.Worst-case scenario: Valero Alamo BowlWith a loss in its last two games, it’s possible for Penn State to slip behind Wisconsin, which could send the Nittany Lions to San Antonio.Prediction: Outback BowlPenn State shouldn’t have trouble with Indiana, and although a contest at Michigan State is no guaranteed win, the Nittany Lions have too much ground to make up to surpass Iowa or Ohio State.WisconsinRecord: 7-2, 4-2Bowl game chances: DefiniteBest-case scenario: Capital One BowlIf Wisconsin wins its final three games, Ohio State plays in the Rose Bowl, Iowa receives a BCS berth and Penn State drops another game, the Badgers can play in Orlando.Worst-case scenario: Little Caesars Pizza BowlA poor finish could drop Wisconsin below Northwestern and Michigan State, ruining a season for a team that started 5-0.Prediction: Insight BowlThe Badgers’ remaining schedule isn’t too imposing, with a home match against Michigan and road games at Northwestern and Hawaii. Anything less than nine or 10 wins would be considered a disappointing finish, but winning all three still might not be enough to surpass Penn State.NorthwesternRecord: 6-4, 3-3Bowl game chances: DefiniteBest-case scenario: Outback BowlIf Penn State or Iowa earns a BCS at-large bid and Ohio State reaches the Rose Bowl, then Northwestern could slide up the ladder with wins in its last two games.Worst-case scenario: Little Caesars Pizza BowlEven with losses in its last two contests, Northwestern should remain in the bowl picture, albeit in what will likely be the most made-fun-of-title for a bowl game.Prediction: Valero Alamo BowlThe Wildcats have flown under the radar to their six wins, but last week’s upset of Iowa places them in the Big Ten bowl picture. Northwestern finishes with a pair of toss-up games, at Illinois and against Wisconsin, so a seven-win season seems likely.Michigan StateRecord: 5-5, 3-3Bowl game chances: MediocrePrediction: Champs Sports BowlThe Spartans need one win to gain bowl eligibility, but that win could be tough to pick up with games at Purdue and against Penn State. Inconsistency has plagued Michigan State, so a 1-1 finish and a 6-6 record should get Sparty to a less-than-thrilling bowl game.PurdueRecord: 4-6, 3-3Bowl game chances: MediocrePrediction: Long winterIf Purdue loses to Michigan State, its bowl game chances go out the window. The Boilermakers must win their final two games to have a shot, and a contest at Indiana in its final contest shouldn’t be too challenging. Still, Purdue’s 1-5 start will probably prove too difficult to overcome.MinnesotaRecord: 5-5, 3-4Bowl game chances: GoodPrediction: Little Caesars Pizza BowlThe Gophers only need one victory to become bowl eligible, and with South Dakota State coming to town, Minnesota shouldn’t have a problem reaching a bowl game. The team can improve its standing with an upset at Iowa in its season finale.IllinoisRecord: 3-6, 2-5Bowl game chances: UnlikelyPrediction: Long winterThe Illini are finally playing up to their standards, with two consecutive wins. After failing to score more than 17 points in any of five straight losses, Illinois has scored 38 and 35 in its past two contests. Still, Ron Zook’s squad needs to close out the season with three more wins to obtain bowl eligibility, and a contest at No. 5 Cincinnati should give the Illini a rude awakening.MichiganRecord: 5-5, 1-5Bowl game chances: UnlikelyPrediction: Long winterThe Wolverines need one win in their final two games to become bowl eligible. If they notch that victory, their national reputation and following would help their cause for a bid. That being said, with games at Wisconsin and against Ohio State, the task at hand is quite daunting.IndianaRecord: 4-6, 1-5Bowl game chances: UnlikelyPrediction: Long winterThe Hoosiers would need to win out to become bowl eligible, an improbable chain of events with games remaining at Penn State and against Purdue. Indiana has lost its last three games. read more

Desarrollos Owners accused in Ponzi scheme could jeopardize TCI Ritz Carlton

first_img RitzCarlton sets up signs for 12-storey on Grace Bay Facebook Twitter Google+LinkedInPinterestWhatsApp Hotel icon J. W. Marriott Jr visits Turks and Caicos Government Former Planning Boss points to challenges with going taller with hotels in TCI Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 13 Apr 2015 – Seems a four year investigation by the SEC of the United States has come to public attention, and only now are we learning that the company which had for years been courting the Turks and Caicos Islands Government to build a new hotel in Grace Bay has a scandal surrounding some of its executive moves.This scandal seriously threatens the construction of the Ritz Carlton which was recently announced as poised for construction start in November this year; a $224 million agreement. Online reports are revealing that the Desarrollos Hotelco is embroiled in a court case where it is alleged the company received $15 million dollars from a company which has confessed to a Connecticut court, its orchestration of a $300 million Ponzi scheme. This is nasty business once again for the Turks and Caicos as the country is falling in less than favorable light for missing the allegations which reached the courts in the US since June last year.It was the Governor’s Office which in October 2012, before a new elected government came to office, gave credence to the interests of the Desarrollos Group. At the time, the report was headlined that three hotel agreements valued at $500 million dollars were signed by then Governor, Damian Ric Todd. We learned then that the Desarrollos Hotelco first visited the TCI in March 2011 and that the company worked with the Investment Unit and Horton Realty to acquire 10.5 acres of land. The Venezuelan company reportedly had meetings with the Planning Department, the Airports Authority and hired KPMG TCI as consultants on the development which was originally proposing three hotels all together; at the time the brand being touted was Marriott. In October 2012, Governor Ric Todd remarked: “This is the best possible vindication of the new Turks and Caicos Inward Investment Policy, management structure and approach to attracting inward investment on the best terms for the taxpayers of the Turks and Caicos. This confirms that major international investors are impressed by the reforms that we have made over the past three years…” The irony of these remarks plays out regrettably in many of the reports surfacing online now; residents reaching out to Magnetic Media about this erupting scandal want to know how the UK appointed and TCI elected governments both missed the allegations of corruption and what these reports mean, if anything, to the recently signed agreement. We have reached out to both the Office of the Premier and the Governor’s Office on this matter; up to news production time, there was no response. The court document, which is available online and which we reviewed, says: “…payments from the Receivership Entities directly to entities controlled by Walter Stipa for the benefit of Romeo Mouawad, Miguel Mouawad, and Jespa Mouawad” – all are named as owners in the Desarrollos Group of companies – it continues: “These funds must be returned to the Receiver for distribution to the defrauded victims of Connecticut’s largest Ponzi scheme.” Recommended for you Related Items:damian ric todd, desarrollos hotelco, ponzi scheme, ritz carltonlast_img read more