Jamaican Olympic sprint legend Usain Bolt has lost millions of dollars in accounts at Kingston-based investment firm Stocks and Securities Ltd.
The track and field athlete’s attorney says he has $12 million missing from his Jamaican investment firm’s account and is ready to sue if necessary. He now has only $12,000 left in his account.
Usain Bolt Loses $12 Million In Financial Scam:
Report
Usain Bolt become stunned to discover $12 million lacking from an account.
Usain Bolt, Jamaica’s Olympic sprinting legend, has misplaced hundreds of thousands of bucks he had in his account with Kingston-primarily based totally funding organization Stocks and Securities Ltd.
Lawyers for the song and subject famous person have said that the $12 million has vanished from his account with a Jamaican funding organization and that they may be organized to take the case to courtroom docket if necessary. Only $12,000 is left withinside the account now.
“The account become a part of Bolt’s retirement and lifelong savings,” his lawyer, Linton P. Gordon, informed Fortune mag over the phone.
“It’s distressing information for anyone, and surely withinside the case of Mr. Bolt, who mounted 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 business enterprise 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 come to be aware about fraudulent hobby through a former worker and has referred the problem to regulation enforcement, including that it had taken steps to steady property and toughen protocols.
The Jamaica Constabulary Force stated on Monday that its fraud and monetary research groups had been probing “alleged fraudulent sports at (SSL) which can be stated to have affected the bills 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 “deliver all perpetrators to justice.”
Bolt’s account become 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 worldwide sprinting for a decade, reviving a game plagued through doping scandals and turning into a family call like Brazilian football legend Pele and American boxing champion Muhammad Ali.