For those persons who work in the financial services sector who are minded to defraud customers/investors of their hard-earned money, there is a clear warning from Finance Minister Dr Nigel Clarke that tougher penalties are coming.
Read more: Govt warns of tougher penalties for white collar crime
Chief Justice Bryan Sykes says the 27 alleged members of the One Don faction of the Clansman gang cannot be sentenced under the New Firearms Act, as it was not in place prior to the start of the trial in September 2021.
Read more: Chief Justice explains why new Firearms Act will not apply in 'Clans' case
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.
Read more: The need for moral leadership amid alleged fraud, poor oversight and risks to Jamaica
KINGSTON, Jamaica – The trial involving 27 individuals accused of being the pulse of the St Catherine-based Klansman gang is set to resume Monday morning with Chief Justice Bryan Sykes beginning his summation of the evidence disclosed in the matter.
RUNAWAY BAY, St Ann — Saying Prime Minister Andrew Holness's statement on allegations of a multi-billion-dollar fraud at investment firm Stocks and Securities Limited (SSL) had not gone far enough, general secretary of the Opposition People's National Party, Dr Dayton Campbell has urged the Government to "step aside" if it is unable to effectively handle the crisis and outline the way forward.
Read more: 'Not enough': Campbell blasts Holness's handling of SSL issue