Jamaica’s Olympic sprinting gold medalist, Usain Bolt, has lost millions of dollars in his account with an investment company based in Kingston, Stocks and Securities Ltd.
Bolt’s attorneys said they are ready to file a lawsuit in order to recover the $12 million that mysteriously disappeared from Bolt’s account, leaving only $12,000 in the account.
Fortune magazine reported that, on Wednesday, Bolt’s lawyer, Linton P. Gordon said, “The account was part of Bolt’s retirement and lifetime savings, it’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension.
“We will be going to court with the matter, if the company does not return the funds. 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.”
Meanwhile, Stocks and Securities Ltd, in a statement on January 12, said that it learned of the fraudulent activity by a former employee and had alerted law enforcement to the situation.
It also said that it had taken measures to secure customers’ assets and tighten protocols.
On Monday, the Jamaica Constabulary Force in a statement said, “The alleged fraudulent activities at SSL that are said to have affected the accounts of Mr Usain Bolt and other individuals are being looked into by those teams.”
On Tuesday night, Jamaica’s Finance Minister Nigel Clarke claimed that SSL had committed “alarming and evil fraud” and promised to “bring all perpetrators to justice.”
