World's fastest runner is missing $12.7 million from an investment account.
8-time Olympic gold medalist Usain Bolt has discovered that he is missing $12.7 million from an investment account he had with Stocks & Securities Limited, an investment firm based in Kingston; Jamaica.
With the account being part of Bolt's retirement and lifetime savings, the superstar has also discovered that he only has $12 000 remaining in the account now.
An investigation has however been launched into the missing funds of Bolt and attorney Linton P Gordon has also issued a letter to Stocks and Securities Limited demanding that the money be returned.
Gordon has furthermore alluded that if the money is not returned within 10 days then they threaten the investment firm with civil and criminal action. "If this is correct and we are hoping it is not , then a serious act of fraud larceny or a combination of both have been committed against our client," the letter states.
According to a report from Jamaica's English newspaper, The Gleaner, Bolt first discovered that the funds were missing on the 11th of January 2023 while another separate Bloomberg report has said that Bolt is planning to take the case to the Kingston Supreme Court if the money is not returned in 8 days.
Much to disappointment of the investment firm this isn't the first time that SSL has faced allegations of fraud, the Jamaica Financial Services Commission which oversees the regulation of Jamaica's insurance, pension and securities industries has stated that it had installed a temporary manager at SSL based on earlier reports of fraud allegation.
The 36 year old who holds the world records for the 100 meters, 200 meters and 4x100 meters is also the brand ambassador of German multinational brand Puma where he still earns $4 million although he has retired five years ago.
Bolt was also reported to be earning $31 million per annum at the height of his running career.