KINGSTON, Jamaica — Three former executives of the defunct financial entity Stocks and Securities Limited (SSL) now confront a sweeping array of criminal charges in one of Jamaica’s most significant investment scandals. The accused individuals include SSL founder Hugh Croskery, his daughter Sarah Meany, and former director Zachary Harding, who held his position from 2019 until the firm’s collapse in 2022.
Prosecutors have filed a comprehensive indictment detailing multiple violations of Jamaican financial regulations. The charges allege the trio systematically deceived investors by fraudulently soliciting investments, constituting a breach of Section 28 of the Larceny Act. Additional counts include operating without proper corporate registration under the Companies Act, conducting securities business without a valid dealer’s license as mandated by the Securities Act, failing to register securities with the appropriate commission, and violating the Banking Services Act.
The legal proceedings have advanced with Hugh Croskery being granted bail set at one million Jamaican dollars. His court appearance is scheduled for January 26, 2026, where formal proceedings will commence. Croskery’s defense team, led by King’s Counsel Peter Champagnie and attorney Samoi Campbell, has vigorously maintained their client’s innocence.
Champagnie publicly stated that his client denies all allegations and has provided complete cooperation to investigative authorities throughout the probe. The defense counsel emphasized the importance of due process, urging the public to refrain from premature judgment until judicial proceedings conclude in court.