RBC

"Building that network was expensive, however. Columbus’s expansion was funded with US $ 1.25 billion—including from banks like Citi, RBC, and Scotiabank, the largest retail bank in the Caribbean, as well as further investment from CFFI. During one cash call, Michael Lee-Chin found himself short on funds. “I didn’t have the liquidity then. So John said, ‘It’s OK, Mike, don’t worry—I’ll put it in. Pay me when you have the money.’"

"As the closing of the Cable Bahamas deal approached, in early 2005, Paddick got a call from an RBC manager in Freeport: US $ 50 million had been wired to Paddick’s personal bank account. Risley had sent his share of the Cable Bahamas purchase funds without any of the usual, formal protections sought by investors; he’d sent US $ 50 million like it was an e-transfer to pay a plumbing bill. “There was no escrow agreement.... There wasn’t a piece of paper, there wasn’t a contract, there was nothing,” Paddick recalled. “There was just trust.... And it was something that would repeat itself numerous times over the life of Columbus.”"