Eight-time Olympic gold medalist Usain Bolt discovered that over $12 million was missing from his investment account with Stocks and Securities based in Jamaica.
On Wednesday, Bolt’s attorneys stated that Bolt once had $12.7 million in that account; however, now, he just has $12,000. They sent a letter to the investment firm noting that it would be a major crime against Bolt. They also demanded that all of his funds be given back.
“If this 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,” the letter stated.
On their website, Stocks and Limited posted that they will keep clients updated as more details become available.
“We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as possible as that information is available.”
A special auditor will be appointed by Jamaica’s Financial Services Commission to review the allegations of fraud.
“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,” said Nigel Clark, the financial minister of Jamaica.
In 2017, Bolt retired as one of the most beloved athletes ever in Jamaica. In 2008, he earned two gold medals in the Olympics, three gold medals in the 2012 Olympics, and three gold medals in the 2016 Olympics.