May 30, 2023

Usain Bolt Is Reportedly Missing $12.7 Million From His Account At A Private Investment Firm And Threatens To Take Legal Action

World-record sprinter Usain Bolt reportedly had $12.7 million wiped away from his checking account with a personal funding agency.

On January eleventh, Jamaican regulation enforcement was notified about fraud at non-public funding agency Shares & Securities Ltd (SSL).

Based on Chief Technical Director Selvin Hay, the Jamaican Constabulary Drive’s Fraud Squad and the Monetary Investigation Division has since launched an investigation to look into the matter.

“We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available,” the fee stated.

Nonetheless, Bolt’s lawyer Linton Gordon says the Olympic gold medalist has misplaced roughly $12.7 million. Gordon provides that Bolt’s SSL account “inexplicably dwindled” all the way down to $12,000. As well as, Gordon says Bolt will think about authorized motion if  the cash shouldn’t be returned to his account.

However, Jamaica’s FSC introduced on Tuesday that the fee has taken momentary administration of SSL. The next day, govt director of the FSC claimed the fraud was allegedly dedicated by a consumer relationship supervisor at SSL.

“To the knowledge of the FSC, this level of fraud has never happened before,” the chief director stated. “Employee theft is a risk all businesses face and is a risk that businesses for the most part, and in particular financial institutions, take very seriously. This despicable act of dishonesty by an employee at SSL, and possibly with collaborators, we believe cannot be taken as symptomatic of the risk for the entire industry.”

SSL has not made a press release relating to the state of affairs simply but.