An 80-year-old woman whose accounts at Stocks and Securities Limited were reportedly defrauded of US$830,000 has filed a lawsuit against the investment firm ... Show more
Fraud-hit Stocks & Securities Limited was anticipating close to half a billion dollars in capital injection under a now seemingly failed deal that was ... Show more
Norman Peart, the former longtime business manager of track icon Usain Bolt, was never a suspect in the disappearance of almost US$13 million from his ... Show more
Directors of embattled investment firm Stocks and Securities Limited said that the company was in a position to pay “in full” its debts when it applied for ... Show more
Former Stocks and Securities Limited CEO Zachary Harding has stepped forward with a clear message meant for all and sundry: My hands are clean ... Show more
Stocks & Securities Limited owes the State $40 million in taxes, some representing deductions from employees’ wages, in the latest unravelling of the ... Show more
Quick Glance: Usain Bolt's lawyers claim the Olympic champion's bank account is missing $12.7 million.
- According to his lawyers, Usain Bolt's account with a private investment firm in Jamaica is missing more than $12.7 million (£10.3 million).
- The eight-time Olympic gold medalist sprinter's legal team has written to Stocks & Securities Limited demanding that the money be returned, according to a letter obtained by the Associated Press.
- Stocks & Securities Limited has requested that all urgent inquiries be directed to Jamaica's Financial Services Commission, which is investigating the firm.
- On Tuesday, financial authorities announced that they had taken over temporary management of the private investment firm.
Lawyers representing Usain Bolt have written to Stocks and Securities Limited (SSL) giving the company 10 days to return millions of US dollars to him ... Show more
Jamaican sprint legend Usain Bolt is staring at a wipeout of his heavy investment at Stocks and Securities Limited (SSL) and is now fearing that the monies ... Show more
Several documents and other materials were today seized at the St Andrew home of the former Stocks and Securities Limited employee at the centre of the ... Show more
Fraud-hit Stocks & Securities Limited (SSL) had exhibited flagrant problems from as far back as a decade ago, with two sets of directives issued by the ... Show more
In 2009, the Financial Services Commission discovered that the now fraud-hit investment firm Stocks and Securities Limited (SSL) had taken almost $200 ... Show more
Today on #GleanerMinute : The fraud-hit private investment firm Stocks and Securities Limited (SSL) has denied that it sought to wind up the company last month when ... Show more
As revelations continue to dribble from the files of the Financial Services Commission (FSC) about the scandal at the brokers Stocks and Securities Limited ... Show more
Founder of scandal-scarred Stocks and Securities Limited (SSL), Hugh Croskery, has declined to comment on the Financial Services Commission’s (FSC) securing ... Show more
Between Dr Nigel Clarke’s tactical release of information and leaks by other sources, Jamaicans are facing an olfactory assault from a swampy management ... Show more
Former Minister of Finance Dr Peter Phillips says the Financial Services Commission took action against investment firm Stocks & Securities Limited ... Show more
Prime Minister Andrew Holness last week warned clients of tottering Stocks and Securities Limited – and any other financial entities that fall into trouble ... Show more
Speculation over Everton McFarlane's exit from the Financial Services Commission ended on Monday when Finance Minister Dr Nigel Clarke told the country ... Show more
Quick Glance: Usain Bolt's investment account was missing £10 million, according to his lawyers.
- Usain Bolt's lawyers claim that more than £10 million has gone stolen from his account with a private investment firm in Jamaica.
- The Associated Press obtained a copy of a letter sent to Stocks & Securities Limited asking that the money be returned from the attorney Linton P Gordon.
- Gordon stated that Bolt's account originally held $12.8 million (about £10.5 million) but now only has a balance of $12,000.
- "If this is correct, and we are hoping it is not, then a serious act of fraud, larceny or a combination of both have been committed against our client," Bolt's lawyers wrote in the letter.
The Government has sought assistance from the US Federal Bureau of Investigation and forensic auditors to probe the alleged multimillion-dollar fraud at ... Show more
Law enforcement eyes are on at least another former executive of Stocks & Securities Limited (SSL) over the billion-dollar fraud which impacted several ... Show more
Stocks & Securities Limited (SSL) was flagged in 2017 by staff of the Financial Services Commission (FSC) for a “culture of non-compliance and mismanagement ... Show more
Local elite law-enforcement agencies have reached out to the Federal Bureau of Investigation in the United States and other international partners to assist ... Show more
A clearer indication of the mess that existed at Stocks and Securities Ltd (SSL) for the past 13 years emerged on Sunday when Finance Minister Dr Nigel ... Show more
Prime Minister Andrew Holness says he is no longer a client of Stocks and Securities Limited (SSL), having closed his account at the institution in 2021 ... Show more
Finance Minister Dr Nigel Clarke today confirmed that retired sprint legend Usain Bolt does have an account at scandal-hit investment firm Stocks and ... Show more
The National Housing Trust (NHT) says its funds held at beleaguered investment company Stocks and Securities Limited (SSL) are in no way compromised amid a ... Show more
Zachary Harding has said that for much of the 33 months he served as chief executive officer of Stocks and Securities Limited he was "cleaning up" ... Show more
Quick Glance: Alleged fraudulent activities at SSL - FID are being investigated
- KINGSTON, Jamaica (AP) — The Financial Investigations Division (FID) confirmed on Wednesday that Jamaican law enforcement received a report regarding alleged fraudulent activities at Stocks and Securities Limited (SSL), which are said to have affected the accounts of Usain Bolt and others.
- "A collaborative investigation is now being conducted by the Jamaica Constabulary Force's Fraud Squad and the Financial Investigations Division." the FID said in a statement on Friday.
- Furthermore, the country's regulatory authorities are carrying out the necessary protocols in accordance with their mandate."
- READ:$1.2 billion fraud •FSC takes control of Stocks and Securities Ltd