Former wealth advisor at Stocks and Securities Limited, SSL, Jean Ann Panton, bypassed required authentication procedures in her effort to transfer millions of dollars in stocks from the investment account of Usain Bolt.
Documents reveal Miss Panton unilaterally signed equity transfer forms authorising movement of millions of dollars in stocks Bolt held in companies such as Apple, Google, Facebook and Amazon.
The forms, which required the signature of a Service Supervisor or Head of Sales, only bears the signature of Miss Panton.
Ricardo Brooks has been sifting through the financial documents.
Over the six month period between August 12, 2021 and February 3, 2022, there were 10 transactions moving 191 units of stocks out of Bolt’s account to another account at SSL.
That other SSL account bears the name of one of the bearers Miss Panton specifically names in her sworn statement given to investigators January 7 this year.
It’s not clear if that bearer is the actual owner of the account.
All 10 transfers were sent to the account purportedly belonging to the named bearer.
The initiation of the transfers was made in a series of five emails dated July 13, 2021, August 10, 2021, September 13, 2021, September 27, 2021 and February 1, 2022.
These emails were purportedly sent by a close associate of the track icon.
Nationwide sources say the associate is denying ever sending the emails.
Investigators are now seeking to authenticate the emails and to determine whether they were doctored.
Those emails were sent to Miss Panton’s personal email account, and then forwarded to her SSL email.
It then appears Miss Panton forwarded them again to another personal email account.
The equity transfer request forms were then prepared and signed by Jean Ann Panton.
On all five documents, there is the requirement for a co-signatory who is listed as a Service Supervisor or Head of Sales.
But in all five cases, the documents bear only the name of Jean Ann Panton.
The absence of a co-signatory is again raising concerns about the internal controls at the embattled investment firm.
The US-based Federal Bureau of Investigations, FBI, has been called in to assist local law enforcement with the ongoing and widening fraud scandal.
Ricardo Brooks for Nationwide News.