The Financial Investigations Division (FID) has warned potential investors to verify the legitimacy of investment opportunities before committing funds.

Jamaicans are also urged to remain vigilant particularly during the holiday season when fraud schemes increase significantly.

The warning comes on the heels of a Westmoreland businessman being charged with breaches of the larceny act, the securities act and the proceeds of crime act.

The charges against 53-year-old Jason Kameka stem from a 2022 report by an elderly citizen from the United Kingdom.

The senior alleged that Kameka solicited over £50,000, that’s about JA $10.3 m, with promises of lucrative weekly returns on an investment.

To date, Kameka has neither delivered on his promise nor refunded the complainant.

Kameka, who was listed as a person of interest, was apprehended by the Trelawny police earlier this month.

He appeared in court yesterday and was remanded until January 7, next year.