Displaying items by tag: SSL

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.

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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.

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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). 

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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.

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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.

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By Andrew Clunis

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Usain Bolt must feel like Lewis’ Carroll’s enigmatic character Alice, in the much-celebrated tome, Alice in Wonderland, as the SSL saga becomes ‘curiouser and curiouser’.

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In early January 2023, news broke that several depositors at the investment firm Stocks and Securities Ltd., (SSL) had been fleeced of billions of dollars. 

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RUNAWAY BAY, St Ann — Saying Prime Minister Andrew Holness's statement on allegations of a multi-billion-dollar fraud at investment firm Stocks and Securities Limited (SSL) had not gone far enough, general secretary of the Opposition People's National Party, Dr Dayton Campbell has urged the Government to "step aside" if it is unable to effectively handle the crisis and outline the way forward.

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“Like all Jamaicans, at home and abroad, I am thoroughly disgusted and upset by revelations in the public domain surrounding this matter.

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By Andrew Clunis

Every good drama needs some great conspiracy theories, right?

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