logo
Ex-CEO of Ocean Parks Fined $10,000 a Day in Spat With Lenders

Ex-CEO of Ocean Parks Fined $10,000 a Day in Spat With Lenders

Bloomberg27-06-2025
The former chief executive officer of a string of bankrupt, dolphin-themed animal parks is facing a $10,000-a-day fine, after he was accused of using credit-card readers he bought at Costco to divert ticket revenue away from his company's Mexican locations.
A federal judge in Delaware imposed the sanctions on Eduardo Albor, who has been fighting US-based lenders for control of The Dolphin Company, which has theme parks in Latin America, the US and Europe. Judge Laurie Silverstein ordered him to stop interfering in the company's operations and give new management access to bank accounts and other financial records.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Caught Between Tariffs and China, Mexico Adapts to an Unpredictable U.S.
Caught Between Tariffs and China, Mexico Adapts to an Unpredictable U.S.

New York Times

timean hour ago

  • New York Times

Caught Between Tariffs and China, Mexico Adapts to an Unpredictable U.S.

The factory in northern Mexico was built to supply Americans. Just a few hours from Texas, about 80 percent of its air-conditioners and refrigeration units are sent to the United States. President Trump's tariffs threatened to upend its whole business — at least until the company devised a plan. Before the tariffs took effect in March, only about 40 percent of its exports traded under the rules of a pact Mr. Trump signed in his first term. But when Mr. Trump agreed to suspend tariffs on any Mexican goods that fell under the agreement, the company's leaders saw ways to adapt. They sought out Mexican suppliers for products bound for the United States. They analyzed which products already complied with the pact's rules but had not yet been certified as such. And they reconsidered projects that involved bringing in imports from outside North America. 'When you're on a plane and there's turbulence, you get really scared and you hold onto your seat,' said Xavier Casas, who oversees the factory for the company Danfoss, in the Mexican city of Apodaca. 'But, you know, 99 percent of the time, the plane is going to land.' Want all of The Times? Subscribe.

A Beachy Family Drama With a Shocking Twist
A Beachy Family Drama With a Shocking Twist

New York Times

timean hour ago

  • New York Times

A Beachy Family Drama With a Shocking Twist

CULPABILITY, by Bruce Holsinger Bruce Holsinger's fifth novel, 'Culpability,' is a who's who of hot-button issues, including A.I., corporate greed, tech addiction and even a subtle subplot about the encroachment of youth sports on family life. But the topic most likely to spark appreciative group texts among book club members of a certain age has to do with a less trendy subject: teenagers. Specifically, the relationship between a father and his 17-year-old son, which Holsinger depicts in all its maddening complexity. How far will a parent go to protect a child on the brink of adulthood? What if the child sets in motion a chain of events so devastating, there is no easy fix? 'Culpability' begins in a minivan, where many a family crisis is born. The Cassidy-Shaws of Bethesda, Md., are en route to a lacrosse tournament in Delaware, the final one of their eldest child's illustrious high school career. That player, Charlie, is behind the wheel, with the rest of the crew seated in order of importance: Noah, the lawyer/narrator paterfamilias, rides shotgun; his wife, Lorelei, a world-renowned expert on artificial intelligence, is seated behind him; tween daughters, Alice and Izzy, are in the van's second and third rows. Suddenly, despite the vehicle's hands-free navigation system — or perhaps because of it — Charlie veers into an oncoming car, killing two people. In the aftermath, Noah tells us, 'With a throb of sorrow I take Charlie's hand and he lets me hold it, for the first time in years.' This gesture cements a new father-son dynamic — less cheerleader and Division 1-bound lax bro, more protective and vulnerable on both sides of the equation. Here's where Holsinger gets ever so slightly over his skis, to borrow a phrase from another prestige sport. He could have written a novel about a family blundering through the aftermath of a terrible tragedy caused by a teenager. Instead, Holsinger — who tackled toxic achievement culture in 'The Gifted School' and climate change in 'The Displacements' — ratchets the stakes even higher, pushing us to the brink of incredulity. It's as though he was hellbent on delivering a Book That Will Make You Think when an old-fashioned domestic drama would have sufficed. Not that the two are mutually exclusive, but in this case we lose some emotional depth to philosophical questions (albeit important ones). Want all of The Times? Subscribe.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store