Usain Bolt scammed as $12.7 million goes missing from investment account: Lawyers
The Hindu
Authorities are investigating how more than $12.7 million is missing from retired sprinter Usain Bolt’s account with a private investment firm in Jamaica
Lawyers for Usain Bolt, one of the world’s greatest sprinters, said Wednesday that more than $12.7 million is missing from his account with a private investment firm in Jamaica that authorities are investigating.
Attorney Linton P. Gordon provided The Associated Press with a copy of a letter sent to Stocks & Securities Limited demanding that the money be returned.
Gordon said Bolt’s account once had $12.8 million but now reflects a balance of only $12,000.
“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,” Bolt’s attorneys say in the letter.
They threaten civil and criminal action if the money is not returned within 10 days.
Stocks & Securities Limited did not immediately respond to a request for comment. On its website, the company asked that clients direct all urgent queries to Jamaica's Financial Services Commission, which is investigating the firm.
“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 company said.
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