Mon | Feb 6, 2023

Stories by Kimone Francis/Senior Staff Reporter

Published:Friday | February 3, 2023 | 1:13 AMKimone Francis/Senior Staff Reporter

The Financial Services Commission’s (FSC) request for Stocks and Securities Limited (SSL) to commission an independent audit of its on- and off-balance sheet portfolios in 2019 would not have been enough to uncover a multibillion-dollar fraud, a...

Published:Thursday | February 2, 2023 | 1:34 AMKimone Francis/Senior Staff Reporter

Directors of embattled investment firm Stocks and Securities Limited (SSL) said that the company was in a position to pay “in full” its debts when it applied for a voluntary wind-up last month, documents obtained by The Gleaner have revealed. On...

Published:Tuesday | January 31, 2023 | 1:33 AMKimone Francis/Senior Staff Reporter

Fraud-hit Stocks...

Published:Thursday | January 26, 2023 | 1:26 AMKimone Francis/Senior Staff Reporter

Founder of scandal-scarred Stocks and Securities Limited (SSL), Hugh Croskery, has declined to comment on the Financial Services Commission’s (FSC) securing of a court order Wednesday blocking attempts by directors of the investment firm to...

Published:Monday | January 23, 2023 | 5:59 AMKimone Francis/Senior Staff Reporter

Minister of Finance Dr Nigel Clarke is expected to announce changes today to the Financial Services Commission’s (FSC) board, days after sprint legend Usain Bolt accused the regulatory body of negligence in the $3-billion fraud at Stocks and...

Published:Monday | January 23, 2023 | 12:33 AMKimone Francis/Senior Staff Reporter

Just over a week after the revelation that dozens of account holders at Stocks and Securities Limited (SSL) had been defrauded of billions of dollars, the Reverend Dr Devon Dick has disclosed that he counselled a woman in December who had defrauded...

Published:Friday | January 20, 2023 | 1:24 AMKimone Francis/Senior Staff Reporter

An 87-year-old widow and a childhood friend of the alleged schemer in the $3-billion scam uncovered at Stocks and Securities Limited (SSL) were left shell-shocked after learning that they were among dozens of account holders defrauded in one of...

Published:Thursday | January 19, 2023 | 1:18 AMKimone Francis/Senior Staff Reporter

Regulators disclosed Wednesday that they found no reason to suspend or revoke the licence of Stocks and Securities Limited (SSL) even after the Financial Services Commission (FSC) noted concerns about the investment firm’s culture of non-compliance...

Published:Tuesday | January 17, 2023 | 1:05 AMKimone Francis/Senior Staff Reporter

Herbert Morrison Technical High’s failure to return a US$21,000 (J$3.2-million) donation from a United States-based alumni association has sparked controversy over claims the gift was unauthorised and that the non-profit group is now bankrupt. The...

Published:Wednesday | January 11, 2023 | 1:25 AMKimone Francis/Senior Staff Reporter

Six years after calling into question the leadership of Rosalee Gage-Grey at the helm of the state’s child protection agency, the Office of the Children’s Advocate (OCA) has released another explosive report knocking the CPFSA CEO after several...

Published:Friday | January 6, 2023 | 1:46 AMKimone Francis/Senior Staff Reporter

Cleon Harden, the St Catherine man who was engaged in a major brawl with Mexican authorities at the Cancún International Airport in late December and was subsequently sent back to the island, says he went to the North American country for a month-...

Published:Saturday | December 31, 2022 | 1:04 AMKimone Francis/Senior Staff Reporter

The Companies Office of Jamaica (COJ) has warned that approximately 2,000 delinquent companies are at risk of being removed from its register and have given them three months to comply with provisions under the Companies Act. The notice of removal...

Published:Saturday | December 31, 2022 | 12:56 AMKimone Francis/Senior Staff Reporter

A Grants Pen mother of four, whose 24-year-old son was stabbed to death and his body dumped in a cane field in Caymanas, St Catherine, believes he was murdered following a dispute over a $12,000 pair of slippers. Evelyn Callum said her son, Rojae...

Published:Thursday | December 29, 2022 | 1:30 AMKimone Francis/Senior Staff Reporter

United States law enforcement now has on its radar key US players in the criminal underworld who continue to fuel Jamaica’s crime problem. The Holness administration handed over a list of names to Washington earlier this month. The disclosure was...

Published:Friday | December 23, 2022 | 1:21 AMKimone Francis/Senior Staff Reporter

Next February, 36-year-old Jamaica-born fashion designer Kerean Celeste Matthews will have realised her lifelong dream of making it in the Big Apple when her creations grace the runway at New York Fashion Week. A month later, she is expected to...

Published:Saturday | December 17, 2022 | 1:25 AMKimone Francis/Senior Staff Reporter

The Caribbean Examinations Council (CXC) has been engaged by the Ministry of Education to formulate assessments for the approximately 24,000 students enrolled in the Sixth Form Pathways Programme. The disclosure was made by Education Minister...

Published:Thursday | December 15, 2022 | 1:27 AMKimone Francis/Senior Staff Reporter

Senior technocrats at the Ministry of Finance and the Public Service have a day to work through errors with its algorithm to ensure smooth implementation of the new salary scales under the public sector compensation review system ahead of the...

Published:Monday | December 12, 2022 | 12:41 AMKimone Francis/Senior Staff Reporter

Henry ‘Busha’ Stennett, the veteran broadcaster whose craft spanned more than three decades in radio, died at his home in Constant Spring, St Andrew, on Sunday. Stennett, whose “large and distinct” voice filled a room whether talking or laughing,...

Published:Saturday | December 10, 2022 | 1:18 AMKimone Francis/Senior Staff Reporter

Businessman York P. Seaton has brushed aside arguments linking Thursday’s judgment by the Privy Council in his matter against Sagicor to the meltdown of the financial sector in the 1990s, insisting that the ruling had to do with a personal...

Published:Monday | November 14, 2022 | 12:09 AMKimone Francis/Senior Staff Reporter

Jamaica Labour Party (JLP) councillor for the Seivwright Gardens division, Delroy Williams, openly criticised colleagues from the party’s powerful Area Council One who he accused Sunday of being derelict in their duties. Williams, the mayor of...

Published:Friday | November 11, 2022 | 7:24 AMKimone Francis/Senior Staff Reporter

The absence of a designated body to regulate the allied health worker sector has driven hundreds of Jamaican practical nurses and patient-care personnel underground in North America, an issue stakeholders have argued could have grave consequences...

Published:Thursday | November 10, 2022 | 3:28 AMKimone Francis/Senior Staff Reporter

Tension is building among member groups within the Jamaica Confederation of Trade Unions (JCTU) even as Minister of Finance and the Public Service Dr Nigel Clarke warns that public-sector workers are in danger of missing this year’s payment under...

Published:Wednesday | November 9, 2022 | 12:13 AMKimone Francis/Senior Staff Reporter

A two-year audit of the Ministry of Health...

Published:Tuesday | November 8, 2022 | 12:10 AMKimone Francis/Senior Staff Reporter

Economic and other variables beyond the control of the owners of Terra Nova have been blamed for dooming the construction of 61 luxury residences, prodding the hoteliers to stick to their core business, CEO Andrew Hussey has said. The Hussey family...

Published:Thursday | November 3, 2022 | 12:13 AMKimone Francis/Senior Staff Reporter

The Government is seeking to curb an influx of Cubans who appear to be using Jamaica as a transit point to Central America in an attempt to illegally gain entry into the United States. Minister of National Security Dr Horace Chang confirmed in a...

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