SAN JUAN, Puerto Rico (AP) — Jamaica’s government has turned to the FBI for help as it investigates a massive fraud case involving a private investment firm…
Attorneys for Bolt, who said the star athlete’s account has dwindled to just $12,000, have given the investment firm until Friday to return the money before going to court.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
The investigation into Kingston-based Stocks and Securities Limited is just starting, so it’s not immediately clear exactly how much money was allegedly stolen or how many people were affected. Clarke said clients were given false statements regarding their balances as part of the alleged fraud.Article content
Jamaica’s Financial Services Commission began investigating after the company alerted authorities this month that a manager had apparently committed fraud. “There is no need to panic,” he said. “Despite this most unfortunate development, Jamaica’s financial sector remains strong.”Advertisement 4Clarke said authorities are working to uncover every detail of the alleged fraud.
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