L. MathekaUsain Bolt reportedly missing millions from investment accounts
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Reading Time: 1min | Sat. 14.01.23. | 11:24
Investigations suggest a former employee was behind the alleged fraud
A company that looks after Usain Bolt's investments is under investigation after reports he may have lost millions of dollars to fraud.
Jamaica's Financial Services Commission (FSC) has placed the firm, Stocks and Securities Limited (SSL), in "enhanced oversight" following the allegations.
Global icon Usain Bolt affected as massive employee fraud is uncovered at Jamaican investment firm Stocks and Securities Limited.
— Andre Lowe (@AndreLoweJA) January 12, 2023
Several million in USD have been discovered to be missing from the sprinter’s long-standing account with the institution
More at @JamaicaObserver pic.twitter.com/kfWkdXVd1o
The 36-year-old eight-time Olympic champion had investments with SSL for over a decade.
Bolt's manager Nugent Walker told Jamaica Gleaner that Bolt had noticed discrepancies on Wednesday this week.
SSL says its own internal investigations suggest a former employee was behind the alleged fraud and added it had "referred the matter to the relevant law enforcement authorities".
Bolt retired from athletics in 2017 after winning 11 World Championship gold medals and eight Olympic gold medals.
During the 2008 Beijing Olympics Bolt set new world records for the 100m and 200m sprint.
His 100m time of 9.572 seconds remains the world record.
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