National Commercial Bank employee Khadene Thomas, who was hauled before the courts on Friday to answer charges of defrauding a client who knew and trusted her, is now being investigated in connection with funds missing from three additional clients' accounts.
“Like all Jamaicans, at home and abroad, I am thoroughly disgusted and upset by revelations in the public domain surrounding this matter.
The Financial Services Commission (FSC) will be taking steps to assist FSC-regulated institutions to strengthen their mechanisms to detect and prevent fraud.
Finance Minister Dr Nigel Clarke has reacted to the alleged fraud that is unravelling at investment firm Stocks and Securities Limited (SSL), by expressing “shock” and “anger” at the development which he also described as “evil”.
The legal team for retired sprint king Usain Bolt has given Stocks and Securities Limited (SSL), a company holding investments for the eight-time Olympic champion, 10 days to return his missing funds or face criminal and civil action.
The Financial Services Commission (FSC) is putting reins on the operation of investment firm Stocks and Securities Limited (SSL) following news of a monumental fraud at the entity that, sources say, amounts to more than $1.2 billion.