SSL RELEASES STATEMENT ON ALLEGED FRAUD AT THE FIRM

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Stocks and Securities Limited, SSL, has provided more details on the alleged multi-million dollar fraud at the investment company, assuring that is seeking to have the funds taken from affected clients accounts returned by the accused perpetrator.
Several investigative agencies including the US-based Federal Bureau of Investigations, FBI, are probing alleged fraudulent activity by a former employee.
The employee is believed to have taken billions of dollars from the accounts of some 40 clients including renowned Jamaican athlete Usain Bolt.
In its first detailed statement since the news broke last month, SSL said it is seeking to set the record straight.
According to the statement by the company’s directors and management, SSL learnt of the alleged fraud committed by an employee serving in the role of client relationship manager at the start of this year.
SSL said efforts are being made to have the employee commit to restitution.
It noted that the management of SSL continues to work to support the investigative agencies in their work.