Saturday, May 24, 2025
Village Voice News
[adning id="37476"]
ADVERTISEMENT
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
Village Voice News
No Result
View All Result
Home Regional

Jamaica Enlists FBI’s Help As Usain Bolt Loses $12.7M In One Of Country’s Largest Scams Ever

Admin by Admin
January 27, 2023
in Regional
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

By Aria Bell-After it was discovered that eight-time Olympic gold medalist Usain Bolt‘s bank account only has $12,000 in it, the Jamaican government is seeking help from the FBI to assist in one of the country’s most significant fraud cases.

In addition to asking the FBI, Finance Minister Nigel Clarke shared that government authorities have also requested help from other international partners.

READ ALSO

JAMAICA | Sam Sharpe: A Revolutionary Who Lit The Torch of Freedom; Hanged May 23,1832

ANTIGUA | Air Peace Set To Launch Regular Service to Antigua Amid Past Controversy

According to The Grio, US$12.7 million of Bolt’s money is now missing after working with Stocks and Securities Limited, a private investment firm that has allegedly been defrauding its clients. The company allegedly stole money from older people and government agencies for 13 years, and the total amount has yet to be discovered.

“The anger and unease we all feel have been magnified by the long duration — 13 years — over which the fraud was allegedly perpetrated, and the fact that the (suspects) seemed to have deliberately and heartlessly targeted elderly persons, as well as our much loved and respected national icon … Usain Bolt,” Clarke said, The Grio reported.

The sprinter’s attorneys shared they are giving the Kingston-based firm until Friday to return the stolen money before they file a lawsuit and take it to court.

After Stocks and Securities Limited told authorities earlier this month that a manager had allegedly committed fraud, Jamaica’s Financial Services Commission began an investigation into the firm. Currently, it’s unknown how many people have been affected by the firm’s scams since personnel gave false statements with false balances to clients, according to Clarke.

“There is no need to panic,” he said. “Despite this most unfortunate development, Jamaica’s financial sector remains strong.”

Clarke also mentioned that authorities are working to discover every discrepancy within the company that allowed it to commit the alleged crimes.

“They will unearth exactly how funds were allegedly stolen, who benefitted from such theft and who organised and collaborated in this,” said Clarke.

Furthermore, he clarified that the Jamaican government would give up anything purchased with the stolen money and create more severe penalties for financially motivated crimes.

“If you rob depositors or you defraud investors … and you put our financial system and our way of life at risk, the Jamaican society wants you put away for a long time,” the finance minister said.

The private investment company hasn’t released any statements responding to the allegations. (Yahoo! news)

 

ShareTweetSendShareSend

Related Posts

Commemorating Sam Sharpe, National Hero: First labour leader, hanged on May 23,1832
Regional

JAMAICA | Sam Sharpe: A Revolutionary Who Lit The Torch of Freedom; Hanged May 23,1832

by Admin
May 23, 2025

MONTEGO BAY, Jamaica,  (WiredJA) — One hundred and ninety-three years ago today, a defiant man stood on the gallows in what...

Read moreDetails
Allen Ifechukwu Athan Onyema, Air Peace CEO
Regional

ANTIGUA | Air Peace Set To Launch Regular Service to Antigua Amid Past Controversy

by Admin
May 21, 2025

ST. JOHN’S Antigua and Barbuda - In a potential groundbreaking development poised to transform Africa-Caribbean air connectivity, Nigeria's largest carrier...

Read moreDetails
Regional

ANTIGUA | “Don’t Use Me as a Distraction,” Lovell Fires Back at PM Browne’s Odebrecht Claims

by Admin
May 18, 2025

ST. JOHN’S  Antigua (WiredJA) - Former Finance Minister Harold Lovell has launched a blistering counterattack against Prime Minister Gaston Browne,...

Read moreDetails
Next Post
Dr. Peter Ramsaroop, Chief Investment Officer of the Guyana Office for Investment with Kurt Baboolall, Chief Executive Officer of the International Energy Conerence and Expo Guyana 2023

GO-Invest signals full support for Int’l Energy Conference and Expo 2023


EDITOR'S PICK

Gov’t human disaster in Mocha Arcadia continues:14 adults and 20 children remain homeless

January 17, 2023
Chinese Foreign Minister Wang Yi (L), also a member of the Political Bureau of the CPC Central Committee, meets with New Zealand Trade Minister Todd McClay in Wellington, New Zealand, March 18, 2024. /Chinese Foreign Ministry

Wang Yi: China to work with New Zealand to implement upgraded FTA

March 19, 2024
GHK Lall

AFC and PNC taking Guyanese for a ride

April 19, 2025

Men on Mission (MoM) rebuilds home for 85-year-old Meena Bafan

December 12, 2022

© 2024 Village Voice

No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us

© 2024 Village Voice