Kingston, 29 January 2023 (GNP): Usain Bolt, the world record holder in the 100 and 200 meters, has reported that over $12.7 million has disappeared from his account with a Jamaican investment firm.
The 36-year-old sprinter was informed earlier this month that his account balance at Kingston-based Stocks and Securities Ltd (SSL) had dropped to just $12,000.
At the Gibson McCook Relays launch in Kingston, where he was unveiled as the ambassador of the athletics meets, Bolt stated that it was a “stressful situation” trying to recover the missing funds.
He said, “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.”
Also Read: Jofra Archer hopes to rediscover 2019 Ashes, World Cup form
SSL has acknowledged a former employee’s fraudulent activity and referred the matter to law enforcement. The Jamaica Constabulary Force is currently investigating “alleged fraudulent activities” at SSL, which have affected the accounts of Bolt and other individuals.
Bolt’s account was intended to serve as a pension for the eight-time Olympic champion and his parents. Bolt retired from competitive athletics in 2017 after a decade of dominance in the sport and has become a household name, similar to Brazilian soccer great Pele and American boxing champion Muhammad Ali.