Monday, 26 January 2015
Last updated 1 hour ago
Jul 30 2010 | 1:59pm ET
All is not well in Lyford Cay.
Police officers raided the Bahamas estate of Moore Capital Management founder Louis Bacon on Monday, seizing what are alternately described in the Bahamian press as “military-grade” or industrial loudspeakers and “lethal ‘ultrasonic weaponry.”
According to the Bahamas Tribune, a team of 10 armed officer handcuffed and body-searched Bacon’s household staff and searched the premises for three hours before confiscating the four loudspeakers. Bacon was not present during the search.
The “ultrasonic weaponry” was apparently aimed at fashion designer Peter Nygard, whose development of his own “Nygard Cay” resort has raised the hackles of Bacon and others in the posh community. Bacon has made several complaints about noise pollution from Nygard’s property and is apparently none-too-happy about the fact that the fashion mogul sleeps in his boat adjacent to Bacon’s property.
Bacon’s fellow Lyford Cay residents have also complained, and many filed additional complaints following Monday’s raid.
The loudspeakers are apparently designed to emit irritating soundwaves and may be able to cause structural damage, the Bahamas Journal reports.
“They would find the most annoying sounds, like anything with a high strong, or anything with a high pitch that they could play, and they would just play the sounds as loudly as they could,” Eric Gibson, property manager for Nygard Cay, told the Journal. “I think the sounds are being directed at Peter Nyyard, who usually sleeps in his boat, which is just 10 feet away from where the speakers were erected.”
The raid comes just two months after the body of a man who lived at Bacon's marina was found on his property. The death was ruled the result of natural causes.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…