Usain Bolt FRAUD: Olympic champion Usain Bolt received a huge shock after losing his which he had invested in Kingston-based investment firm Stocks and Securities. According to reports the Jamaican sprinter lost USD 12.7 Million as the money went missing from the account of the private investment firm. Boult’s Attorney Linton P. Gordon has said that he has sent a letter to Stocks & Securities demanding that the money be returned. Get all the latest sports news & Live updates on Insidesport.IN
Usain Bolt FRAUD: Olympic champion Usain Bolt SHOCKED after FRAUD, $12.7 Million Goes missing from his investment fund – Check details
According to fortune.com report Usain Bolt’s account once had $12.8 million but now reflects a balance of only $12,000. Bolt’s lawyer said “It’s distressful news for anyone and certainly in the case of Mr. Bolt, who established this account as part of his private pension”. Gordon further said that if Bolt does not get the money within eight days, then he plans to take the case to the Supreme Court in Kingston.
The report further said that SSL in its January 12 statement said that it had become aware of fraudulent activity by a former employee. The company further said that it has referred the matter to law enforcement, adding that it had taken steps to secure assets and strengthen protocols.
Usain Bolt FRAUD: Olympic champion Usain Bolt SHOCKED after FRAUD, $12.7 Million Goes missing from his investment fund – Check details
According to AP report, Stocks & Securities Limited did not immediately respond to a request for comment. On its website, the company asked that clients 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,” .
Finance Minister Nigel Clarke said on Tuesday night that SSL had allegedly committed “alarming and evil fraud” and that authorities would “bring all perpetrators to justice.”
Usain Bolt’s legacy
Usain Bolt is remembered as the greatest sprinter of all time. He holds world record in the 100 metres, 200 metres and 4 × 100 metres relay. The eight-time Olympic gold medallist is the only sprinter to win Olympic 100 m and 200 m titles at three consecutive Olympics (2008, 2012 and 2016). He also won two 4 × 100 relay gold medals.
Bolt improved upon his second 100 m world record of 9.69 with 9.58 seconds in 2009. He has twice broken the 200 metres world record, setting 19.30 in 2008 and 19.19 in 2009. He has helped Jamaica to three 4 × 100 metres relay world records, with the current record being 36.84 seconds set in 2012.
Usain Bolt FRAUD: Olympic champion Usain Bolt SHOCKED after FRAUD, $12.7 Million Goes missing from his investment fund – Check details
