Usain Bolt reportedly missing $12.7 million from investment account in Jamaica

Author: Editors Desk Source: CNN:::

January 19, 2023 at 10:28

In a press conference on Wednesday, Everton McFarlane, executive director at the FSC, told reporters that the fraud was allegedly committed by a client relationship manager at SSL.

CNN - Lawyers for eight-time Olympic gold medalist Usain Bolt say more than $12.7 million is missing from his account with a Jamaican investment firm now under police and government investigation.

Jamaican law enforcement was alerted to alleged fraud at wealth management firm Stocks & Securities Ltd (SSL) on January 11, affecting accounts belonging to Bolt and others, Selvin Hay, Chief Technical Director of Jamaica’s Financial Investigations Division, told CNN.

Hay added that an investigation, currently in its early stages, is now being conducted by the Jamaica Constabulary Force’s Fraud Squad and the Financial Investigations Division.

Bolt’s lawyer, Linton Gordon, told Reuters on Tuesday that the former sprinter is looking to recover $12.7 million after the balance of his SSL account “inexplicably dwindled” to just $12,000.

Gordon also said that the 36-year-old Bolt, who retired from athletics in 2017, would consider legal action if the funds are not recovered.

CNN has reached out to Gordon for comment.

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