A significant **SSL Fraud Probe** has resulted in multiple charges being laid by financial investigators, following a major operation on December 27, 2025. Stocks and Securities Limited (SSL) is at the center of this extensive investigation, facing allegations of massive fraud that are sending ripples through Jamaica business news. This **SSL Fraud Probe** is uncovering deep-seated issues within the financial sector.
Key Figures Face Charges in SSL Fraud Probe
Three former SSL executives are now facing charges. Hugh Croskery, the SSL founder, faces significant charges. Sarah Meany, Croskery’s daughter, is also among those charged. Zachary Harding, the former CEO, faces charges too. Harding previously served as a campaign strategist in the Cayman Islands. These arrests represent a pivotal development in the ongoing **SSL Fraud Probe**.
Nature of the Allegations in the SSL Fraud Probe
The charges are exceptionally serious, encompassing fraudulently inducing investments and failing to register a company. Operating a securities business without the requisite license is another charge. Furthermore, breaches of the Banking Services Act are included. These alleged actions, central to the **SSL Fraud Probe**, are believed to have occurred in Jamaica. The investigation targets long-standing Jamaica financial misconduct and potential SSL fraud charges.
Scale of the SSL Collapse and the SSL Fraud Probe
SSL’s collapse followed a period of massive fraud, a key element of the current **SSL Fraud Probe**. This scandal, which came to light in 2023, has resulted in estimated losses exceeding US$30 million, impacting over 200 client accounts. The widespread nature of this financial misconduct has caused significant distress and shaken investor confidence across the island.
Sprint Legend Among Victims of SSL Fraud Probe
Prominent figures have been severely impacted by the alleged actions investigated in the **SSL Fraud Probe**. Usain Bolt’s company, Welljen Limited, is among the identified victims. Bolt reportedly suffered losses of over US$12 million. His involvement has drawn international attention, underscoring the extensive reach of the alleged fraud and the critical nature of this **SSL Fraud Probe**.
Coordinated Law Enforcement Action in SSL Fraud Probe
A highly coordinated operation, crucial to the success of the **SSL Fraud Probe**, led to these arrests. Multiple law enforcement agencies participated, including the Financial Investigations Division (FID), the Constabulary Financial Unit (CFU), and C-TOC. They executed four search warrants, conducting raids in St. Andrew and St. James. Electronic devices and vital documents were seized as evidence for the **SSL Fraud Probe**.
Legal Proceedings Begin in the Wake of the SSL Fraud Probe
The individuals charged have been granted bail. Hugh Croskery secured J$1 million bail with conditions including the surrender of his travel documents. Sarah Meany and Zachary Harding also received bail, though specific release conditions remain undisclosed. Their first court appearance is scheduled for January 2026, marking a significant step in the legal ramifications of the **SSL Fraud Probe**.
Background of the Investigation Fueling the SSL Fraud Probe
The extensive **SSL Fraud Probe** commenced in 2023. Jean-Ann Panton, a former SSL employee, was the first to be charged, facing multiple counts. Her trial is slated for May 2026. The FID submitted a comprehensive case file to the Director of Public Prosecutions (DPP) in late 2023, which paved the way for further assessment and the eventual charges related to this **SSL Fraud Probe**.
Additional Arrest Linked to the SSL Fraud Probe Operations
Dermot Meany was also arrested during the same operation that advanced the **SSL Fraud Probe**. His arrest was for a Firearms Act breach, discovered during the execution of search warrants. He was found in possession of excess ammunition, despite being a licensed firearm holder.
Moving Forward in the SSL Fraud Probe
Attorneys are urging the public to exercise caution and refrain from speculation regarding the ongoing **SSL Fraud Probe**. They emphasize the importance of due process within the courts. This Jamaica business news signifies a new, critical phase in the investigation. The **SSL Fraud Probe** remains active, continuously uncovering more details. The future of SSL and its former leaders now rests with the judicial system. This case remains a major focus, profoundly impacting Jamaica’s financial sector. The public eagerly awaits further updates on this pivotal **SSL Fraud Probe**. This development is of paramount importance to Jamaica’s business community.