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Usain Bolt lost over $17m in cost savings to a fraud – The Australian Financial Review

Byindianadmin

Jan 21, 2023
Usain Bolt lost over $17m in cost savings to a fraud – The Australian Financial Review

Jamaican Olympic sprinter Usain Bolt was surprised to find $US12 million ($17.2 million) missing out on from an account he had with Kingston-based financial investment company Stocks and Securities, according to his attorney.

Mr Bolt was just recently informed there was just about $17,200 staying in the account, his attorney Linton P. Gordon stated in a phone interview. The account belonged to Mr Bolt’s retirement and life time cost savings.

Usain Bolt in 2012 responding to his win in the guys’s 100-metre last at the London Summer Olympics.AP

“It’s perturbing news for anybody,” Gordon stated on Wednesday. “And definitely when it comes to Mr Bolt, who developed this account as part of his personal pension.”

Jamaica’s Financial Services Commission on Tuesday stated it had actually installed its own short-lived supervisor at SSL, following reports of accusations of scams that had earlier triggered the commission to put the bank under boosted oversight.

SSL did not right away react to calls and e-mails asking for remark.

Gordon stated regulators have actually not interacted with him or his customer. If Mr Bolt does not see the cash returned within 8 days, Gordon stated he prepares to take the case to the Supreme Court in Kingston.

Mr Bolt, an eight-time Olympic gold medal winner, is thought about the world’s fastest male, holding world records in the 100-meter and 200-meter races.

On Monday, Mr Bolt priced estimate lyrics on his Twitter account that, in part, read: “The History of Evil … What is the Root? … MONEY.”

Bloomberg

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