Former Wealth Advisor at Stocks and Securities Limited (SSL) Jean-Ann Panton was taken into custody this afternoon for questioning on her role in the billion-dollar fraud saga at the entity.
Panton was questioned by detectives from the Financial Investigation Division and the Fraud Squad for hours. However, it is unclear whether charges have been laid against her.
Other directors from the entity were also brought in for questioning in relation to the matter.
The questioning also comes weeks after investigators carried out a raid at her residence and seized documents and other electronic devices.
Based on reports Panton has fleeced $2 billion from 39 clients including sprint legend Usain Bolt whose account was fleeced at US$12 million.
The Board after being silent on the matter for weeks outlined in a statement that they were unaware that Bolt was connected to WellJen and that they were only made aware of the fraud allegations on January 11, when a member of Bolt’s team visited their office to state that Jean Panton had visited offices of WellJen to confess and request assistance in repaying other clients that she had defrauded.
