Usain Bolt Fires Manager Over MASSIVE Fraud Case

By Vickie Ferguson | Monday, 30 January 2023 12:00 PM
Views 4K
Usain Bolt Fires Manager Over MASSIVE Fraud Case

CNN reports Usain Bolt is in a “stressful situation” after being informed that his account balance at Stocks and Securities Ltd. in Kingston had dropped from the millions to a mere $12,000.

According to information provided to Reuters on January 17 by Bolt’s lawyer, Linton Gordon, the 36-year-old learned of the disappearance of funds from his account.

Bolt told reporters, “It’s tough, you know, but I think through the years I’ve competed, it has helped me to understand and focus on what matters.” “I will leave the matter in my lawyer’s hands and focus on my family, try not to think too much about it because it’s a stressful situation.”

The 11-time world champion was speaking at the Gibson McCook Relays in Kingston, celebrating its 50th year. Bolt was named as ambassador of the athletic event.

In a January 12 statement by Stocks and Securities, Ltd., the company stated it had been made aware of a former employee committing fraud. SSL referred the fraud to law enforcement and that the company had taken the proper steps to secure assets and strengthen protocols.

 WATCH: 2004 SNL SKETCH: "DONALD TRUMP’S HOUSE OF WINGS”bell_image

The fraud and financial investigation teams of the Jamaica Constabulary Force were looking into “alleged fraudulent activities at SSL which are said to have affected the accounts of Mr. Usain Bolt, among others.”

When Bolt retired in 2017, he left the sporting arena after having dominated the sport globally for a decade. Bolt’s name became elevated to the same status as those of soccer great Pele and boxing great Muhammad Ali.

 WATCH: ESPN HOST- DEMOCRAT STRATEGY IS NOT WORKINGbell_image

Gordon said Bolt had set up his account as a pension for his family and his parents.

Bolt fired his business manager, which was not amicable. When asked if he was “broke,” Bolt laughed and said, “I’m not broke, but it’s definitely put a damper on me.” “It was for my future. Everybody knows I have three kids. I’m still looking out for my parents, and I still want to live very well.”

 WELP, CLIMATE WARRIORS HAVE THEIR NEXT TARGET PICKED OUT...bell_image

As of Friday, whether any action had been taken was not immediately apparent, and Mr. Gordon did not return a request for a comment on the situation.

Jamaican Finance Minister Nigel Clarke announced earlier this week that the Bank of Jamaica would take over regulating the island’s financial system. Clarke noted elderly customers and several government agencies were affected by the alleged fraud.

Help from the FBI and other international experts has been requested by Jamaican authorities to assist in the investigation.

X