Three former directors of Stocks and Securities Limited (SSL) now face multiple criminal charges, a significant development in the wake of the company’s collapse. This announcement concerning the **SSL Directors Charged** follows allegations of a multibillion-dollar fraud that has sent shockwaves through Jamaica’s financial sector, bringing the number of **SSL Directors Charged** into sharp focus.
The **SSL Directors Charged**: Unveiling the Charges
Authorities have laid over a dozen charges against the **SSL Directors Charged**. These include fraudulently inducing people to invest money, a violation falling under section 28 of the Larceny Act. The **SSL Directors Charged** also face charges for failing to register a company in Jamaica, contravening section 363 of the Companies Act. Another serious offense is carrying on securities business without a dealer’s licence, as stipulated by section 7 of the Securities Act. Furthermore, the **SSL Directors Charged** are accused of failing to register securities, breaching section 26 of the Securities Act. Lastly, they face charges for breaches of the Banking Services Act, specifically under section 22A, contributing to the extensive list of accusations against these **SSL Directors Charged**.
Key Figures in the **SSL Directors Charged** Investigation
The individuals now identified as **SSL Directors Charged** are prominent figures. Hugh Croskery, the founder of SSL, is among them. Sarah Meany, his daughter, is also charged. Zachary Harding, a former CEO and director, completes the trio of **SSL Directors Charged**. Harding served as a director from 2019 to 2022. These arrests mark a significant step in the ongoing investigation into the **SSL Directors Charged**. Investigations have been ongoing for years, with law enforcement agencies conducting coordinated raids and searching four locations across St. Andrew and St. James in relation to the **SSL Directors Charged**.
Background to SSL’s Collapse and the **SSL Directors Charged**
The SSL scandal first surfaced in January 2023, immediately raising questions about the individuals now facing charges as **SSL Directors Charged**. Investigators allege a massive fraud, with the total loss estimated to exceed US$30 million. More than 200 client accounts were reportedly affected by the actions of the **SSL Directors Charged**. Sprint legend Usain Bolt is among the victims, having reportedly lost over US$12 million due to the alleged mismanagement by the **SSL Directors Charged**. The fraud involved deeply entrenched mismanagement and may have dated back over a decade, implicating those now labelled as **SSL Directors Charged**.
Legal Proceedings and Bail for **SSL Directors Charged**
Croskery, Meany, and Harding, the **SSL Directors Charged**, were taken into custody on December 27, 2025. Croskery, one of the **SSL Directors Charged**, received bail after posting $1 million. His travel documents were surrendered as a condition. Meany and Harding, also among the **SSL Directors Charged**, were granted bail, though specific terms were not disclosed. All three **SSL Directors Charged** are scheduled for their first court appearance on January 26, 2026, a crucial date in the proceedings against the **SSL Directors Charged**.
Impact on Jamaica’s Business Landscape from **SSL Directors Charged**
This news regarding the **SSL Directors Charged** has heightened concerns, impacting investor confidence in Jamaica’s business environment. The Financial Services Commission (FSC) is the regulator, actively working with law enforcement agencies, including the Financial Investigations Division (FID) and MOCA, in the probe concerning the **SSL Directors Charged**. The investigation is complex and requires careful coordination between these bodies and in relation to the **SSL Directors Charged**. Authorities have emphasized their commitment to accountability and aim to protect the public interest following the actions of the **SSL Directors Charged**.
Moving Forward with the **SSL Directors Charged** Case
These charges represent a major escalation in the years-long investigation into the SSL fraud, directly affecting the **SSL Directors Charged**. A former SSL employee, Jean-Ann Panton, was previously charged with multiple counts related to the fraud, though the focus has now shifted to the **SSL Directors Charged**. The SSL Victims Compensation Fund is also active, with partial payouts to affected clients beginning in May 2025. This case, involving the **SSL Directors Charged**, continues to unfold and highlights significant challenges within the financial sector. The upcoming court dates will bring further scrutiny to the actions of the **SSL Directors Charged**, underscoring the importance of robust business oversight in Jamaica and the repercussions of the **SSL fraud charges** brought against these **SSL Directors Charged**.