World’s fastest man, Usain Bolt has lost millions of dollars in his account with Stocks and Securities Ltd, an investment company based in Kingston.
In a statement, lawyers of the Jamaica’s Olympic sprinting icon, averred that they are prepared to file a lawsuit if that will make it possible to recover the $12 million that mysteriously disappeared from Bolt’s account.
The statement from Bolt’s lawyers read, “The account was part of Bolt’s retirement and lifetime savings. It’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension”.
“We will be going to court with the matter” if the company does not return the funds,” his lawyer, Linton P. Gordon, reportedly told newsmen.
He added that “It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace”.
Reacting to the development, Stocks and Securities Ltd said in a statement that it learned of the fraudulent activity by a former employee and had alerted law enforcement to the situation.
The company also said that it had taken measures to secure customers’ assets and tighten protocols.
Jamaica’s Finance Minister Nigel Clarke claimed that SSL had committed “alarming and evil fraud” and promised to “bring all perpetrators to justice.”
Reports have it that Bolt’s account with the company was created to act as a pension for both of his parents and the eight-time Olympic gold medal-winning sprinter.
The Olympic legend who was born on August 21, 1986, retired in 2017 after dominating the sprinting world for a decade.
He is a nine-time Olympic gold medalist, an eleven-time World Champion, a six-time IAAF World Athlete of the Year, and a four-time Laureus World Sportsman of the Year. He is widely regarded as the greatest runner of all time. He holds world records in the 100m (9.58 seconds), 200m (19.19 seconds), and 4x100m relay (36.84 seconds). He is the only athlete in history to have won four World Championships in the 200-meter dash
He also became the “Order of Jamaica’s” youngest member in 2009. Bolt was named “Laureus World Sportsman of the Year” three times, in 2009, 2010, and 2013.
He has been named the “IAAF World Athlete of the Year” six times, in 2008, 2009, 2011, 2012, and 2016 and is the only athlete to have won three consecutive gold medals in the 100m at the Olympics in 2008, 2012, and 2016.
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