San Juan, Puerto Rico – In a move poised to reshape the investment landscape of Puerto Rico, Governor Jenniffer González Colón has signed into law a bill imposing a 4% capital gains tax on investors who establish residency under Act 60, beginning in 2027. The legislation, formally known as House Bill 505, marks a significant … Read more
San Juan, Puerto Rico – The legal saga surrounding The Phoenix Fund (TPF) has taken a decisive turn, as a federal bankruptcy court has authorized its liquidation despite the fund’s recent filing for Chapter 11 bankruptcy protection. This decision, handed down by the U.S. District Court for the District of Puerto Rico, allows the Office … Read more
San Juan, Puerto Rico – Investments totaling $80 million made by the Puerto Rico’s State Insurance Fund Corporation (CFSE) in The Phoenix Fund (TPF) and PUC Holding were considered “high risk,” according to Johnny Román Flores, the corporation’s auxiliary administrator of Finance and Administration. The revelation comes as the CFSE pursues legal action to recover … Read more
Puerto Rico Fund Investigation Deepens: Questions Surround State Insurance Fund Investments in Phoenix Fund San Juan, Puerto Rico – A deepening investigation by the Puerto Rico Department of Justice is focusing on potential wrongdoing by officials at the Corporación del Fondo del Seguro del Estado (CFSE), the State Insurance Fund, regarding $80 million in loans … Read more
2026-02-24 17:00:00 Phoenix Fund se acoge a la quiebra El Nuevo Día OCIF ordena la liquidación de Phoenix Fund El Nuevo Día ¿Qué es Phoenix Fund y por qué se acogió a la quiebra? wapa.tv Phoenix Fund se acoge a Capítulo 11 tras demanda de $99.5 millones de la CFSE Metro Puerto Rico Phoenix Fund se declara en quiebra Sin … Read more