Usain Bolt pursues unclaimed $12.7 million from a Jamaican investment company

Usain Bolt, the Olympic champion, is attempting to recoup more than $12.7 million that vanished from his account with a Jamaican investment firm, and his lawyer said that Bolt is prepared to go to court if necessary.

Lawyer Linton Gordon told Reuters late on Tuesday that Bolt received word last week that his account balance at Kingston-based Stocks and Securities Ltd (SSL) had mysteriously dropped to just $12,000. If the company does not give back the money, Gordon said, “We will be taking the matter to court.” “It is a serious letdown, and we are hoping that the situation will be resolved so that Mr. Dot Bolt will get his money back and be able to live in peace. “

Jamaica's Usain Bolt missing $12.7 million from account, attorneys say - Los Angeles Times
Source: LA Times

In a statement released in January, SSL claimed that it had discovered fraudulent behaviour by a former employee and had informed law authorities of the situation. It also added that it had taken steps to safeguard assets and tighten standards.

Emails and calls requesting further comment were not immediately returned by SSL.

The Jamaica Constabulary Force announced on Monday that its fraud and financial investigation teams were looking into “alleged fraudulent activities at (SSL) which are said to have affected the accounts of Mr. Usain Bolt among other people.

Nigel Clarke, the finance minister, asserted SSL had perpetrated “alarming and despicable fraud” on Tuesday night and vowed to “bring all criminals to account.”

Gordon stated that Bolt’s account was established to serve as a retirement fund for both his parents and the eight-time Olympic gold medalist sprinter.

After ten years of dominating the sprinting world, Bolt retired in 2017. During that time, he revived a sport marred by doping scandals and rose to fame alongside Muhammad Ali and Brazilian soccer legend Pele.

About Usain Bolt

Utiliz St. Leo Bolt born August 21, 1986) is a retired Jamaican sprinter who is regarded as one of the best sprinters of all time. He holds the world records for the 100, 200, and 4 x 100-meter relays. 

Bolt, an eight-time gold medalist at the Olympics, is the only sprinter to win the 100-meter and 200-meter titles at three back-to-back Games (2008, 2012, 2016). He also took home two gold medals in the 400-meter relay. He became well-known across the globe for his double sprint victory at the 2008 Summer Olympics in Beijing, which he won in world-record times, making him the first person to hold both records since fully automatic time became required.

With the exception of a 100-meter false start in 2011, the 11-time World Champion won gold medals in the 100-meter, 200-meter, and 4-by-100-meter relay events at the World Championships in consecutive years from 2009 to 2015. At the World Championships, he has the most success among male competitors. Bolt is one of the most successful athletes in the 100 m with three titles and is the first person to win four World Championship titles in the 200 m.

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