Phoenix Foundation

The foundation was created by US-based real estate millionaire Michael Oliver[1] (1928-2024),[2] his friend James Murt McKeever, and investment advisor Harry D.

If a citizen wishes to open a tavern, set up gambling or make pornographic films, the government will not interfere."

In the period approaching Bahamian independence, a number of white residents objected to living under black rule.

[3] In 1980, Michael Oliver allied with Jimmy Stevens of the New Hebrides Autonomy Movement in Vanuatu, which had been unsuccessful in recent elections.

Instituto del Tercer Mundo (Third World Institute), alleged "Jimmy Stevens received $250,000, arms and a radio from the Phoenix Foundation, an ultra-right US organization, in return for concessions to install a casino and, allegedly, cover for illicit activities from Stevens' Republic of Vemarana.