by Jason Cross (Jamaica Observer) Jean-Ann Panton, the former employee of Stocks and Securities Limites (SSL) who was arrested and slapped with multiple fraud charges on Friday in relation to the theft of billions of dollars from the investment accounts of more than 30 clients, will spend the next week in jail after her attorney failed to appease a Supreme Court judge during a bail application.
Panton, who is accused of fleecing more than $3 billion, was charged with larceny as a servant, forgery, uttering forged documents, and breaching the Proceeds of Crime Act (Section 4).
During a Jamaica Constabulary Force (JCF) press conference on Friday morning, Senior Superintendent of Police (SSP) Anthony McLaughlin, who heads the Counter Terrorism and Organized Crime Investigation Branch (C-TOC), pointed out that investigations showed Panton had intent to commit fraud and said she engaged in transactions involving criminal property.
When Panton made her first appearance in the Supreme Court in downtown Kingston on Friday at 10:00 am, her attorney-at-law, Tamika Harris made an application for bail on medical grounds.
