Head of Jamaican financial regulator resigns over fraud scandal

Usain Bolt at the 2012 London Olympics
Photo: Nick Webb/Wikimedia Commons

The executive director of Jamaica’s Financial Services Commission (FSC) resigned on January 19 after local journalists revealed a multimillion-dollar fraud at an investment firm.

The alleged fraud targeted Usain Bolt, winner of eight Olympic gold medals and Jamaica’s most admired sportsman.

Everton McFarlane’s resignation is effective January 31. Major Keron Burrell, the chief prudential officer at the central bank, will become interim executive director.

Reports in The Gleaner, one of

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