Displaying items by tag: 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.

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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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By Andrew Clunis

Every good drama needs some great conspiracy theories, right?

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The Opposition People's National Party is expressing concern about the apparent failure of the Financial Services Commission (FSC) to provide adequate regulatory oversight of companies operating in the non-deposit taking financial services industry.

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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.

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Wednesday, 18 January 2023 00:19

No Jean-Ann…Not You!

By Andrew Clunis

Let me die!

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