Lawyers for Usain Bolt said Wednesday that more than $12.7 million is missing from his account with a private investment firm in Jamaica that authorities are investigating.
SAN JUAN, Puerto Rico — Lawyers for Usain Bolt, one of the world’s greatest sprinters, said Wednesday that more than $12.7 million is missing from his account with a private investment firm in Jamaica that authorities are investigating.
Attorney Linton P. Gordon provided The Associated Press with a copy of a letter sent to Stocks & Securities Limited demanding that the money be returned.“If this is correct, and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client,” Bolt’s attorneys say in the letter.Stocks & Securities Limited did not immediately respond to a request for comment.
The company has said that it discovered the fraud earlier this month and that several of its clients may be missing millions of dollars.Usain Bolt interviewed on Dec. 1, 2022.“It is tempting to doubt our financial institutions, but I would ask that we don’t paint an entire hard working industry with the brush of a few very dishonest individuals,” he said.
Bolt’s lawyers sent the letter Monday, the same day that Jamaica’s Financial Services Commission announced it was appointing a special auditor to look into fraud allegations at Stocks & Securities Limited, which is based in the capital of Kingston. On Tuesday, financial authorities said they were assuming temporary management of the private investment firm. It is allowed to keep operating but needs approval from the government for any transactions.Share this article:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polygon-backed web3 gaming platform Intella X raises $12 million ahead of Q1 launchIntella X raised $12 million from investors including Polygon, Animoca Brands and Magic Eden.
Read more »
Usain Bolt Mysteriously Loses Millions of DollarsThe company that looks after the sprinting superstar’s investments is under scrutiny after potential fraud.
Read more »
Usain Bolt seeks missing $12.7 mln from Jamaica investment firmOlympic champion Usain Bolt is seeking to recover more than $12.7 million that disappeared from his account with a Jamaican investment firm and is willing to take the case to court if necessary, Bolt's attorney said.
Read more »
Sprinter Usain Bolt Missing $12.7 Million From Jamaican AccountBolt’s account dwindled from more than $12.8 million to $12,000, his attorneys said.
Read more »
Attorneys: Jamaica's Usain Bolt missing $12.7M from accountSAN JUAN, Puerto Rico (AP) — Lawyers for Usain Bolt, one of the world’s greatest sprinters, said Wednesday that more than $12.7 million is missing from his account with a private investment firm in Jamaica that authorities are investigating.
Read more »
Usain Bolt reports $12.7 million missing from Jamaica sprinter’s bank accountLawyers for Usain Bolt, one of the world’s greatest sprinters, said Wednesday that more than $12.7 million is missing from his account with a private investment firm in Jamaica that authorities are investigating.
Read more »