Sprinting legend Usain Bolt victim of massive scam
Jamaican authorities are investigating a company holding funds placed by sprint king Usain Bolt, who may have lost millions of dollars to extensive fraud.
Jamaican sprinter Usain Bolt during a charity run in Dubai on November 13, 2021.
AFP
Jamaica’s Financial Services Commission (FSC) said on Thursday it had placed Stocks and Securities Limited (SSL) under “enhanced scrutiny” pending the investigation. Nugent Walker, Usain Bolt’s manager, told Jamaica Gleaner that the retired Jamaican sprinter invested money with the company about a decade ago.
“All measures have been taken to find out the end of this story,” he said, adding that the eight-time Olympic gold medalist had noticed anomalies on his account on Wednesday. “His entire portfolio (of investments, editor’s note) is being examined,” he said. Millions of dollars are missing, according to the newspaper.
“Reinforced surveillance”
Nugent Walker was not immediately available for comment. Contacted, the SSL company did not respond on Friday. The FSC said it was aware of “allegations of fraud” regarding SSL. It said in a statement that it had issued “instructions” to the company, which allows it to put in place an “enhanced monitoring process”.
This procedure allows the FSC to monitor transactions made, including the movement of funds and securities into and out of SSL. The FSC added that it would continue to “investigate” the company in parallel.
Usain Bolt retired in 2017 after a decade of unchallenged dominance in the men’s sprint. During his career, he notably won eight Olympic gold medals. The former sprint king still holds the 100 and 200 meter world records.
AFP
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