Jamaican authorities have moved decisively in the long-running fallout from the collapse of Stocks and Securities Limited (SSL), formally charging three former directors of the company.
Those charged are SSL’s founder Hugh Croskery, his daughter Sarah Meany, and Zachary Harding, who served on the board between 2019 and 2022. Investigators allege that the trio engaged in a range of serious statutory breaches tied to the operation and promotion of the company.
The charges span multiple pieces of legislation and include allegations of fraudulently persuading individuals to invest funds, operating a company without proper registration in Jamaica, conducting securities business without the required dealer’s licence, failing to register securities with the relevant regulator, and breaching provisions of the Banking Services Act.
Croskery has been released on bail set at $1 million and is scheduled to appear before the court on January 26, 2026. His legal team includes King’s Counsel Peter Champagnie, alongside attorney-at-law Samoi Campbell.
Champagnie has publicly stated that his client rejects all allegations of wrongdoing. He emphasized that Croskery has cooperated with investigators throughout the process and cautioned against public speculation, stressing that the matter must now be resolved through the judicial system.
The charges mark a significant escalation in one of Jamaica’s most closely watched financial scandals, as regulators and prosecutors seek accountability following the firm’s collapse.
