Displaying items by tag: SSL

Finance and Public Service Minister Dr Nigel Clarke says the Government has engaged the services of Kroll Associates UK to assist with the forensic probe into the multimillion-dollar fraud at investment firm Stocks and Securities Limited (SSL).

Jean-Ann Panton, the former wealth advisor at Stocks & Securities Limited (SSL), was today remanded in custody when she appeared in the Home Circuit Court in Kingston to answer charges concerning the alleged multimillion-dollar fraud at the investment firm.

Jean-Ann Panton, the former wealth advisor implicated in a multimillion-dollar fraud at investment firm, Stocks and Securities Limited (SSL), has been formally charged after weeks of investigations. 

Jean-Ann Panton, the woman at the centre of a multi-billion dollar fraud at securities dealers Stocks and Securities Limited (SSL), was again questioned by police on Tuesday.

The board and management of scandal-hit brokerage firm Stocks and Securities Limited (SSL) are denying a claim that they sought to dispose of assets amid an investigation into a multimillion-dollar fraud of accounts, including one held by eight-time Olympic champion Usain Bolt. 

JAMAICAN track and field icon Usain Bolt pumped US$6.5 million into the investment firm Stocks and Securities Limited (SSL) between 2012 and 2017 but almost as soon as the money was deposited it was moved out without his knowledge.

More questions have arisen about the quality of oversight state regulator, the Financial Services Commission (FSC), gave to the now-fraud-hit Stocks and Securities Limited (SSL) as a 2019 assessment revealed that a string of violations flagged more than two years earlier continued to dog the institution.

The Opposition People’s National Party is calling for greater urgency and a more deliberate approach on the part of the Government, with respect to the investigation surrounding the allegations of fraud at Stocks and Securities Limited (SSL). 

THE Financial Services Commission (FSC) on Wednesday obtained a court order blocking directors of Stocks and Securities Limited (SSL) from taking action to wind up the company that is at the centre of a multi-billion-dollar fraud.

In a rare political move, controversial Cabinet Minister, Everald Warmington, has warned former Jamaica Labour Party (JLP) President and Prime Minister, Bruce Golding, to back off and desist from criticising the current Andrew Holness-led JLP Government over its handling of the Stocks and Securities Limited (SSL) fraud scandal.