Usain Bolt lost $12.7m in fraud, lawyer says

A lawyer for Usain Bolt, one of the world’s greatest runners, said on Wednesday that more than $12.7 million was missing from his account at Stocks & Securities Limited (SSL), a private investment firm in Jamaica.

Bolt had $12.8 million in the account, which is part of a retirement account, but now shows a balance of only $12,000, the lawyer said, approx. and a copy of the letter sent to SSL was given to the AP.

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“If this is true, and we hope not, well a serious act of fraudextortion or a combination of both has been committed against our client,” said Bolt’s lawyer in the letter, which also wanted the money back.

They threatened people with crime if the money was not returned within 10 days.

Of the Jamaican sprinter, 36, He has a net worth of $90 million, according to Celebrity Net Worth.

At his peak, Bolt was one of the highest paid players in the world after winning eight Olympic gold medals, the website said.

He also won 11 world championships and held world records in the 100 meter and 200 meter sprint events.

Bolt, who retired in 2017, was one of the highest-paid athletes in the world and earned $20 million to $30 million a year in the years leading up to the Olympics, the report said. a Celebrity Net Worth.

On its website, SSL asked customers to direct all urgent questions to Jamaica’s Financial Services Commission, which is investigating the company.

“We understand that customers are eager to receive more information and assure you that we are closely monitoring the matter at all necessary steps and will inform our customers of the resolution as soon as we receive that information, ” said SSL.

On January 12, the FSC said it was aware of allegations of fraud in the company. The administrator issued commands to allow SSL to operate under “enhanced visibility”.

The FSC also appointed a special auditor to look into fraud allegations against SSL on Monday.

However, on Tuesday, the FSC said that it is the temporary management of SSL, which will be allowed to continue to operate without the approval of the government for any transaction.

Updated: January 19, 2023, 1:31 PM

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