Olympic legend Usain Bolt lost $12 million in life savings to a scam. Only $12,000 remains in his account
Jamaican Olympic sprinter Usain Bolt was shocked to discover $12 million missing from an account at Kingston-based investment firm Stocks and Securities, his attorney said.
Bolt was recently told there was only about $12,000 left in the account, his attorney Linton P. Gordon said in a phone interview. The account was part of Bolt’s retirement and life savings.
“This is depressing news for everyone,” Gordon said on Wednesday. “And especially in the case of Mr. Bolt, who set up this account as part of his private pension scheme.”
Jamaica’s Financial Services Commission announced on Tuesday that it had installed its own interim manager at SSL after reports of fraud allegations earlier prompted the commission to place the bank under increased oversight.
SSL did not immediately respond to calls and emails requesting comment.
Gordon said regulators did not communicate with him or his client. If Bolt doesn’t see the money returned within eight days, Gordon plans to take the case to the Kingston Supreme Court.
An eight-time Olympic gold medalist, Bolt is considered the fastest man in the world and holds world records in the 100-meter and 200-meter dash. On Monday, Bolt quoted Texts on his Twitter account which read in part: “The story of evil… What is the root? … MONEY.”
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