Update: Usain Bolt Fires Business Manager After $12 Million Goes Missing From Investment Account 

Update: Usain Bolt Fires Business Manager After $12 Million Goes Missing From Investment Account

Usain Bolt is looking to recover millions of dollars that disappeared from his account. 

According to the Jamaican retired track star’s attorney, Usain Bolt is missing more than $12.7 million from his account with an investment firm that was intended to serve as a pension for his parents.

Usain Bolt

Last week, Usain Bolt, who’s considering taking the problem to court, was notified that his account balance at Stocks and Securities Ltd (SSL) in Kingston, Jamaica had mysteriously been reduced from 8 figures to $12,000.

On Tuesday (Jan. 17) Usain Bolt’s lawyer, Linton Gordon, said: 

“We will be going to court with the matter.”

Linton Gordon added:

“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.”

Usain Bolt

On Jan. 12, Stocks and Securities Ltd. said in a statement that they are aware of the fraudulent activity that occurred from a former employee and they have informed law enforcement. The investment firm added that they are also working on securing their clients’ assets and strengthening the company’s protocols. 

In addition, the Jamaica Constabulary Force said in a statement that their fraud and financial investigation teams were examining,

“alleged fraudulent activities at (SSL) which are said to have affected the accounts of Mr. Usain Bolt among other individuals.”

Jamaica’s finance minister Nigel Clarke also weighed in on the scary financial situation and accused the investment firm of committing “alarming and evil fraud” and that authorities will “bring all perpetrators to justice.”

Usain Bolt

Do you think Usain Bolt will retrieve his $12.7M? Tell us below! 

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