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JAMPRO asks media entity to retract reports linking agency to ponzi scheme

Published:Thursday | April 7, 2016 | 7:43 PM
Diane Edwards (centre), president of JAMPRO, addresses journalists during a press conference at the JAMPRO offices in Kingston on Thursday. Looking on are Robert Scott (left), vice president of export and marketing development, JAMPRO, and Claude Duncan (right), vice president of investments and promotions, JAMPRO.

The Jamaica Promotions Corporation (JAMPRO) says it has asked Caribbean News Now to remove a report from its site which suggests that the agency is involved in a ponzi scheme.

On Tuesday Caribbean News Now published a report alleging JAMPRO supported business owned by a man charged by US authorities for operating a ponzi scheme.

JAMPRO president Diane Edwards says the agency is willing to take further action if the report is not removed.

Edwards did not state what action JAMPRO would take and maintains that her agency has never done business with the man accused of operating a ponzi scheme. 

She says in the past the agency has invited the accused to be part of its promotional activities to share his experiences as one who invests in Jamaica.

However, Edwards says this is not illegal.


JAMPRO president Diane Edwards

The JAMPRO president says the corporation has not been contacted by US authorities in relation to the fraud case.

In a release yesterday, JAMPRO said the allegations made in the article are detrimental to Jamaica’s good reputation in attracting foreign direct investments

JAMPRO is a government agency which facilitates foreign direct investments (FDI) for available private sector projects in need of investment capital.