FNM Candidate Grant in Scandal Over Alleged Ponzi Scheme in West Grand Bahama

Nassau, The Bahamas – Tensions are escalating in the West Grand Bahama and Bimini constituency as shocking allegations have emerged against Free National Movement (FNM) candidate Ricardo Grant and his wife Shandlene Grant. The couple is accused of orchestrating a Ponzi scheme named “Ujamaa,” which reportedly defrauded hundreds of Grand Bahamians post-Hurricane Dorian and during the pandemic.

According to local reports, the scheme promised substantial returns on investments, leveraging the community’s trust and desperation during the challenging times following the hurricane and pandemic. However, these promises allegedly turned out to be false, leaving many investors financially devastated.

The scandal has caused a stir within the FNM, with party officials reportedly beginning to panic as more victims come forward, demanding justice and financial restitution. Ricardo Grant, who is now a candidate for parliament, is facing intense scrutiny over his and his wife’s involvement in what is being described as a large-scale financial fraud.

Victims of the Ujamaa scheme are calling for accountability, expressing outrage that an individual linked to such serious allegations could be considered for a parliamentary position. The situation has raised significant concerns about ethics and integrity in politics, particularly in the wake of financial hardship faced by many Bahamians.

The FNM has not yet officially responded to the allegations, but insider sources suggest there is growing unease within the party. The scandal threatens not only the political future of Ricardo Grant but also the reputation of the Free National Movement as it navigates the complexities of this unfolding controversy.

Authorities have not confirmed if a formal investigation has been launched, but community leaders are urging swift and thorough action. Meanwhile, the affected residents of West Grand Bahama are rallying for justice, insisting that those responsible for the alleged scheme be held accountable.

This developing story continues to unfold, with the potential to significantly impact the political landscape in The Bahamas, especially in the lead-up to the bye-elections.

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