FBI to provide assistance to help probe missing funds belonging to Usian Bolt and other Investors
The Federal Bureau of investigation, the FBI will be providing assistance to the Financial Investigation Division and fraud squad as the probe deepens in the multimillion dollar fraud case at Stocks and Securities Limited, where Jamaica’s Track and Field icon Usain Bolt was defrauded just under 13 million U.S. dollars.
The announcement was made this afternoon by finance Minister Dr. Nigel Clarke.
The Finance Minister also revealed the names of the new board members of the FSC as they seek to move forward in getting to the fraudsters
Dr Clarke who also indicated that the fraudulent acts at SSL has tarnished Jamaica’s global reputation also revealed that the head of the Financial Services Commission Everton Mcfarlene who resigned last week did not do so voluntarily but was pushed.
Eight times Olympic Champion Bolt is among over 30 clients defrauded at SSL of millions in the region of 3 billion dollars.
Last week, the head of the Financial Services Commission, Everton Mcfarlane submitted his resignation, after the commission came under scrutiny over its oversight of SSL.
Dr Clarke lamented that the massive fraud has tarnished Jamaica’s global reputation.
He noted that the fraud spanned three administrations and went undetected for 13 years, while pledging that his government will get to the bottom of it.
The Finance Minister says the terms of the resignation of Mcfarlane will be disclosed soon, likely tomorrow. it was “agreed” that he would step down Over the SSL matter. McFarlane’s contract was slated to end in July this year.