HomeLatestUsain Bolt Loses $12 Million In Financial Scam: Report.
Usain Bolt Loses $12 Million In Financial Scam: Report.
January 19, 2023
Usain Bolt was shocked to discover $12 million missing from an account
Usain Bolt, Jamaica’s Olympic sprinting legend, has misplaced tens of thousands and thousands of greenbacks he had in his account with Kingston-primarily based totally funding organization Stocks and Securities Ltd. Lawyers for the song and discipline supermegacelebrity have said that the $12 million has vanished from his account with a Jamaican funding organization and that they’re organized to take the case to courtroom docket if necessary. Only $12,000 is left withinside the account now.
“The account turned into a part of Bolt’s retirement and lifelong savings,” his lawyer, Linton P. Gordon, advised Fortune mag over the phone.
“It’s distressing information for anyone, and simply withinside the case of Mr. Bolt, who hooked up this account as a part of his personal pension,” Gordon stated on Wednesday.
“We could be going to courtroom docket with the problem” if the corporation does now no longer go back the funds, Gordon stated.
“It is a grave disappointment, and we’re hoping that the problem could be resolved in a manner that Mr. Bolt will get better his cash and be capable of stay in peace.”
Kingston-primarily based totally Stocks and Securities Ltd (SSL) stated in a January 12 assertion that it had turn out to be privy to fraudulent pastime with the aid of using a former worker and has referred the problem to regulation enforcement, including that it had taken steps to steady belongings and improve protocols.
The Jamaica Constabulary Force stated on Monday that its fraud and economic research groups have been probing “alleged fraudulent sports at (SSL) that are stated to have affected the debts of Mr. Usain Bolt amongst different individuals.”
Finance Minister Nigel Clarke stated on Tuesday night time that SSL had allegedly committed “alarming and evil fraud” and that government would “convey all perpetrators to justice.”
Bolt’s account turned into meant to function a pension for the eight-time Olympic gold medalist sprinter and for his parents, Gordon stated.
Bolt retired in 2017 after dominating global sprinting for a decade, reviving a sport plagued by doping scandals and becoming a household name like Brazilian soccer legend Pele and American boxing champion Muhammad Ali.
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