TRUSTEE CAYDION Campbell has warned victims of the alleged multibillion-dollar fraud at Stocks & Securities Limited (SSL) that no fictitious gains, unrealised profits, or opportunity costs will be considered in payouts. Campbell announced on April 3 that proof of claims must be submitted by April 30, with payments set to begin in May. This follows more than two years after the scheme, which devastated clients including sprint icon Usain Bolt, came to public attention. Campbell explained that clients deemed eligible will receive a prorated payment from the SSL Victims Compensation Fund, capitalised using an undisclosed portion of management fees collected to date. “The claims from victims will be assessed and I will ultimately have to decide what amount, if any, is admissible for a distribution,”Campbell said on Tuesday in response to questions from The Gleaner. Campbell said US$500,00 ($78.4 million) is available for payout. A previous phase of activities focused on transferring cash and local equities to clients who were not affected by the alleged fraud. An earlier report by the trustee indicated that the fund would be supported by a 7.5 per cent quasimanagement fee on SSL’s off-balance sheet assets, projected to generate $345 million. Of this, $153 million was earmarked for victims, with the remainder going toward proprietary estate recovery and other SSL clients. It is unknown how much of this sum has been collected. Campbell, who took over as trustee in May 2024, is leading the courtsupervised closure of the Hugh Croskery-founded brokerage house. The fraud scheme has been described as one of Jamaica’s largest, affecting more than 200 accounts and allegedly siphoning more than US$30 million, including US$6.2 million from Bolt’s company, Welljen Limited. No further court dates have been set, but Campbell confirmed that a new report will be submitted in June 2025, covering activities up to May 31, marking one year since the winding-up resumed. Retired Jamaican police official Fitz Bailey says his appointment as police chief for the Turks and Caicos Islands (TCI) should be seen as part of a broader mission to enhance public safety and security throughout the Caribbean region. On Thursday, the Governor’s Office released a statement announcing Bailey’s appointment, which will be for three years. Jamaica’s former deputy commissioner of police joined the Royal Turks and Caicos Island Police Force (RTCIPF) in October last year as deputy commissioner before being appointed acting commissioner on November 21. Bailey retired from the Jamaican police force last September after a 40-year career that spanned several critical units, including the Criminal Investigation Branch and the Counter Terrorism and Organised Crime Division. He told The Gleaner that his appointment as TCI’s police commissioner is a win for the region. “If the Turks and Caicos (Islands) is safer, then the entire region is safer,” he said. Follow The Gleaner on X, formerly Twitter, and Instagram @ JamaicaGleaner and on Facebook @ GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at onlinefeedback@ gleanerjm.com or editors@gleanerjm. com. NEWLY APPOINTED Chairman of the Integrity Commission (IC), retired Justice Carol Lawrence-Beswick, has signalled that as head of the anti-corruption body she will dedicate herself to advancing the mission of a corruption-free Jamaica. Responding to questions from The Gleaner, Lawrence-Beswick said the invitation to consider an appointment as chairman of the anti-corruption body was unexpected. “I had not anticipated being called upon to lend my efforts to the significant work of the commission. I recognised the immense responsibility of serving as chairman of the commission,” the IC chairman noted, adding that she ultimately decided to accept the role. Sending a message to those who fall under the remit of the IC, LawrenceBeswick said the Integrity Commission Act merely formalises principles of accountability. “Compliance may sometimes involve temporary inconveniences, but it ultimately serves the greater good by exposing corruption where it exists, thereby being of benefit to the nation as a whole,” she said. THE MONTHLY GLEANER | APRIL 17 - MAY 17, 2025 | www.jamaica-gleaner.com | NEWS MISSED 7 [ NEWS YOU MAY HAVE MISSED ] $78m available for payout in SSL fraud claims - Trustee The Titchfield High quiz team. Carol Lawrence-Beswick Fitz Bailey, new Commissioner of Police for the Turks and Caicos Islands Caydion Campbell PORTLAND-BASED TITCHFIELD High School is the 2025 winner of TVJ’s Schools’ Challenge Quiz. Titchfield accumulated 26 points to defeat Jamaica College, which garnered 23 points. The win gave Titchfield its second hold on the trophy, and it followed a long deliberation after the final bell. But after bated breaths, head scratches, and fretful expressions, Titchfield was declared the champion to a raucous uproar from supporters inside and outside the studio. JC, who entered the TVJ grounds earlier and louder, sat silently as the final verdict was read. Titchfield has contested six finals and welcomed their second victory; while it was JC’s 7th final. Titchfield High wins 2025 Schools’ Challenge Quiz New IC chair on a mission to achieve corruption-free Jamaica ANDRE RUDDOCK, the man accused of slashing a woman’s throat during an alleged sacrificial ritual at Pathways International Kingdom Restoration Ministries in St James three years ago, is to be tried on January 7, 2026 in the Home Circuit Court. In the meantime, Ruddock was remanded last week after his plea and case management hearing was rescheduled to June 26. The defendant is charged with the murder of Taneka Gardner, 39, on October 17, 2021. Another man, Michael Brown, was also found dead on the premises of the church. Ruddock reportedly confessed to Gardner’s murder. Both were members of the church, which was led by the late Dr Kevin Smith, who died a week after the incident in a motor vehicle crash while being transported to Kingston to face charges. Attorneys-at-law Anthony Williams and Venice Brown are representing Ruddock. Fitz Bailey’s appointment as TCI’s police chief signals regional crime-fighting commitment January 2026 trial for alleged Pathways killer
RkJQdWJsaXNoZXIy MTUzNTI=