Usain Bolt’s Attorney claimed that the eight-time Olympic gold medalist lost £10 million ($12 million) from his account with a Jamaican private investment company.
Bolt’s attorney, Linton P. Gordon, asserted that the Jamaican account originally showed a balance of $12.8 million (£10 million), but now only shows a balance of $12,000 (£9,700), money that was intended to support his retirement.
Stocks & Securities Limited will face civil and criminal action if the money is not returned within 10 days, according to a letter Gordon addressed to the company on Monday (January 16), a copy of which was also supplied to the Associated Press.
How has Usain Bolt’s fraud been discussed?
If the new amount is accurate, which we hope it is not, then our client has been the victim of a significant act of fraud, larceny, or a combination of both, according to Gordon’s letter.
As the Jamaican Financial Services Commission carries out its ongoing inquiry into the company, Stocks & Securities Limited has requested that customers direct any questions to the commission.
The business assured customers that it was closely monitoring the situation throughout all necessary steps and would notify them of the resolution as soon as it was available in a statement posted on their website. “We understand that clients are anxious to receive more information,” the company said.
Nigel Clarke, the minister of finance for Jamaica, described the situation around Bolt’s money as frightening.
I would beg that we not portray an entire hard-working business with the brush of a few extremely dishonest individuals, he added, adding that it is alluring to question our financial institutions.
What is Usain Bolt’s net worth?
Bolt was listed as the 45th richest athlete in the world by Forbes in 2018. The Olympic hero is without a doubt the highest-paid track athlete in the world thanks to sponsorship deals worth over $30 million with companies like Hublot and Puma.
But it appears that Bolt’s attorneys are now out of time to recover the £10 million that is properly the Jamaican phenomenon’s.