Usain Bolt, former Olympic sprint champion, has lost more than $12.7 million to fraudulent activities
Usain Bolt, former Olympic sprint champion, has lost more than $12.7 million to alleged fraudulent activities.
According to Linton Gordon, Bolt’s lawyer, the money is missing from his account in the coffers of Stocks and Securities Limited , a Jamaican investment firm.with a copy of a letter sent to SSL demanding that the money must be returned. Gordon was quoted to have said that Bolt’s account, which earlier had $12.8 million, is now reflecting a balance of $12,000.Bolt is said to have had investments with SSL for over a decade. It was gathered that the account includes a part of the athlete’s retirement and life savings.
Gordon added that the Jamaican authorities had been informed about the development, while SSL could be taken to court if discrepancies are not resolved.according to Daily Mail.“It’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension.“It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace.
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