Usain Bolt: The sprinter has reportedly lost more than $12.7 million and an investigation is underway by the Jamaican authorities. Bolt’s Attorney Linton P. Gordon has already provided the Associated Press with a copy of a letter sent to Stocks & Securities Limited demanding that the money be returned. Gordon told the agency that Bolt’s bank account once had $12.8 million, but it now reflects a balance of only $12,000.
Retired Olympic sprinting champion Usain Bolt has allegedly lost millions of dollars from his investment account at Stocks & Securities Limited.
“If this is correct, and we are hoping it is not, then a serious act of irregularities, larceny, or a combination of both has been committed against our client,”
Bolt’s attorneys said in the letter. They threatened civil and criminal action if the money is not returned within 10 days.
On its website, the company has asked clients to direct all urgent queries to Jamaica’s Financial Services Commission, which is investigating the firm.
“We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available,” it said.
The company has said that it discovered the fraud earlier last month and that several of its clients may be missing millions of dollars.
Usain’s journey to global prominence began at the 2008 Olympic Games in Beijing, where he won the 100-meter, 200-meter, and 4×100-meter events in all-time records. In addition to his nine Olympic Games gold medals, Usain won eleven World T&F Championships titles. He has been nicknamed “Lightning Bolt” due to his speed. After bagging multiple honours Bolt retired in 2017.
Author: Linda .R. Jones
London, UK
lindarj83@gmail.com
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