A lawyer for sprinter Usain Bolt has threatened legal action against Kingston-based firm Stocks and Securities Limited after. ten million in retirement savings suddenly disappeared from his story, according to Reuters.
Bolt is is seeking to recover $12.7 million with money from SSL, said attorney Linton Gordon. The Jamaican icon was notified last week that his account balance was inexplicably cut to about $12,000.
“We will go to court with the case (if the company does not return the money)”, said Gordon, to Reuters. “It is very disappointing, and we hope that this matter will be resolved in a way that Mr. Bolt will get his money back and be able to live in peace.”
Jamaica’s Finance Minister Nigel Clarke promised on Tuesday to “bring all perpetrators to justice” of SSL’s “intimidating and malicious fraud”.
Bolt, an eight-time Olympic gold medalist, studied his gold medal no money SSL recently publicized a domestic fraud scheme to defraud people of about $1.2 billion, according to the Jamaica Observer. Bolt is among the 30 people who have reportedly been victimized by a financial adviser at SSL.
As reported by SSL, since the month of August this program was known, but the employee who is suspected of doing it, was still working last Wednesday. the same day Bolt’s representatives met with the company. Bolt’s team first requested a meeting with SSL in December after noticing irregularities in his financial allocation.
Bolt opened an account with SSL in 2012, initially investing only $ 10 million and leaving the money unused for ten years.
The world record holder in 100 meters, 200 meters and 4 x 100 meters relay, Usain Bolt retired from sprinting in 2017 as the fastest man of all time.