After Two Years of Investigations - SSL Former Directors Slapped With Serious Charges

Press Release From JCF, FID, and MOCA - December 28, 2025

December 28, 2025, Kingston, Jamaica: On December 27, 2025 the Financial Investigations Division (FID), the Constabulary Financial Unit (CFU), and the Special Operations Unit of the Counter-Terrorism and Organised Crime Investigation Branch (C-TOC) and the St. James Police Division with support from the Major Organised Crime and Anti-Corruption Agency (MOCA), executed a coordinated operation linked to the ongoing Stocks and Securities Limited (SSL) investigation.

The SSL investigation commenced in 2023, after the laying of fraud-related charges against former SSL employee Jean-Ann Panton. Following an extensive two-year investigation, a file was submitted to the Office of the Director of Public Prosecutions (ODPP). An initial ruling was recently received that former directors of SSL, Delta Capital Partners Ltd. and SSL Growth Equity Ltd, be charged for breaches under key legislation including the Bank of Jamaica Act, Securities Act, Larceny Act, Banking Services Act and Companies Act.

At approximately 4:30 a.m., a joint team executed four search warrants at one St. James address in Kempshot District and three St. Andrew addresses. The operation targeted former directors of SSL. As a result, three persons were taken into police custody and questioned in the presence of their attorneys. Two of those persons are directly connected to SSL—Mr. Hugh Croskery and Mrs. Sarah Meany.

Mr. Croskery, founder of SSL, was located at a Wickham Avenue address, where electronic devices and several documents were seized. Searches at the Kempshot premises—the Meany residence—also revealed items such as SSL-related documents and multiple electronic devices of interest, which were seized by investigators and entered into evidence. Mrs. Meany was taken in because of her direct connection to activities at SSL. All items seized are being subjected to forensic and analytical review.

The third person in custody, Mr. Dermot Meany, was arrested in relation to a Firearms Act breach discovered during the course of the operation. He is a licensed firearm holder; however, he was found to own ammunition exceeding the legally permitted amount.

In the afternoon, Mr. Zachary Harding, the former CEO of SSL and Delta Partners Limited, reported to the FID and C-TOC to be questioned in the presence of his attorney.

Following the questioning sessions charges were laid against individuals and companies for breaches of the Bank of Jamaica Act, Securities Act, Larceny Act, Companies Act and Banking Services Act seen below:

Hugh Croskery	Sarah Meany	Zachary Harding
Securities Act, s.7 Securities Act, s.26(1)(a) Bank of Jamaica Act, s.22A Banking Services Act, s.10(1)(c) Larceny Act, s.28(1)(a)(ii)	Securities Act, s.7 Securities Act, s.26(1)(a) Bank of Jamaica Act, s.22A Banking Services Act, s.10(1)(c) Larceny Act, s.28(1)(a)(ii)	Securities Act, s.7 Securities Act, s.26(1)(a) Bank of Jamaica Act, s.22A Banking Services Act, s.10(1)(c) Companies Act, s.363

 

Stocks and Securities Limited	Delta Capital Partners Limited	SSL Growth Equity Limited
Securities Act, s.26(1)(a) Securities Act, s.36(2) Securities (Conduct of Business) Regulations, s.8 Bank of Jamaica Act, s.22A	Securities Act, s.7 Securities Act, s.26(1)(a) Securities Act, s.36 Bank of Jamaica Act, s.22A Banking Services Act, s. 10 (1) (c)	Securities Act, s.7 Securities Act, s.26(1)(a) Companies Act, s.363 Bank of Jamaica Act, s.22A Banking Services Act, s. 10 (1) (c)

Those persons charged were offered bail and are scheduled to appear in court in January 2026.

Meanwhile, the matter of charges against Mr. Meany will be the subject of separate communications from the appropriate law enforcement agency.

Keith Darien, Principal Director of Investigations of the FID, said: “This operation reflects our commitment to conducting thorough, evidence-led investigations that protect the integrity of Jamaica’s financial system. By working together and securing key evidence, we strengthen the casework needed to advance accountability and safeguard the public interest.

We will continue to work strategically, with our partners, to follow the facts, pursue the proceeds of crime, and prosecute financial crime in the courts in keeping with the rule of law.”

Acting Senior Superintendent of Police (SSP) Victor Barrett, Deputy Director of C-TOC noted: “Complex financial investigations demand disciplined teamwork, operational precision, and careful coordination across multiple units. Today’s outcome highlights what is possible when law enforcement agencies work in step—sharing intelligence, executing safely, and securing evidence in accordance high global standards.

"We remain committed to disrupting all forms of criminal activity and supporting processes that strengthen the delivery of justice and protect Jamaica and Jamaicans.”

Meanwhile, Inspector Brenton Williams, head of the CFU added: “The complexity of this investigation cannot be overstated. The alleged fraud was longstanding and sophisticated. Probing it required a comprehensive review of events dating back to SSL’s inception in 2006, including careful analysis of investor activity and how funds moved across that entire period. Work of this nature takes time and must be done diligently.

We understand the public’s expectation for swift results, and that delays can be viewed negatively. However, the JCF, the FID, and our law enforcement partners, including MOCA, have the capacity and expertise to conduct these investigations thoroughly and bring matters forward in keeping with the rule of law.”

Further updates will be provided when legally appropriate.

Inspector Brenton Williams, head of the CFU:

Keith Darien, Principal Director of Investigations of the FID:

Background
The SSL investigation commenced in 2023 following allegations of fraudulent activity, and has been advanced through extensive financial investigative work and multi-agency collaboration. In a consolidated public update, the Ministry of Finance reported that the fraudulent schemes are estimated to have affected over 200 accounts and that the extent of the fraud exceeds J$3 billion in value.

Of note, on February 17, 2023, Ms. Jean-Ann Panton was charged with breaches of the Larceny Act, the Proceeds of Crime Act (POCA), the Forgery Act and the Cyber Crimes Act.

Editor's Note

The persons who were detained and charged have not been convicted of an offense. Unless the prove to be a flight risk, a danger to others, or could interfere with further investigations, the judge more than likely would allow bail. It is the right of the prosecutor to object to bail.

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