Olympic legend Usain Bolt lost $12 million in savings to a scam

In Olympic Games


Jamaican Olympic sprinter Usain Bolt was shocked to discover $12 million missing from an account he had with Kingston-based investment firm Stocks and Securities, according to his lawyer.

Bolt was recently told there was only about $12,000 remaining in the account, his lawyer Linton P. Gordon said in a phone interview. The account was part of Bolt’s retirement and lifetime savings.

“It’s distressful news for anyone,” Gordon said on Wednesday. “And certainly in the case of Mr. Bolt, who established this account as part of his private pension.” 

Jamaica’s Financial Services Commission on Tuesday said it had installed its own temporary manager at SSL, following reports of allegations of fraud that had earlier prompted the commission to put the bank under enhanced oversight. 

SSL did not immediately respond to calls and emails requesting comment. 

Gordon said regulators have not communicated with him or his client. If Bolt does not see the money returned within eight days, Gordon said he plans to take the case to the Supreme Court in Kingston.

Bolt, an eight-time Olympic gold medal winner, is considered the world’s fastest man, holding world records in the 100-meter and 200-meter races. On Monday, Bolt quoted lyrics on his Twitter account that, in part, read: “The History of Evil…What is the Root?…MONEY.”

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.





Read More: Olympic legend Usain Bolt lost $12 million in savings to a scam

Join Our Newsletter!

Love Daynight? We love to tell you about our new stuff. Subscribe to newsletter!

You may also read!

Ukraine war: Russian athletes cannot be allowed at Olympics, Zelensky says

Ukraine war: Russian athletes cannot be allowed at Olympics, Zelensky says BBCZelenskyy warns International Olympic Committee against

Read More...

Olivia Wilde and Ex Jason Sudeikis Seen Hugging in L.A. Following Harry Styles Split

Los Angeles, CA - *PREMIUM-EXCLUSIVE* - WEB EMBARGO UNTIL 5 PM ET on January 29, 2023 Olivia Wilde

Read More...

You have to enable Gmail’s new package tracking

Back in November, Google announced that Gmail would directly show package and delivery tracking in your inbox. If

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu