MILLIONS OF DOLLARS VANISH
Usain Bolt’s investment account has seen “millions of dollars vanish.”
Usain Bolt, the world’s fastest man, reportedly discovered a problem with his investment account on Wednesday and discovered that millions of dollars were allegedly missing.
Olympic legend Usain Bolt said to have had millions of dollars vanish’ from an investment account. Bolt widely regarded as one of the greatest athletes of all time, having set the 100-meter record in 9.58 seconds at the 2009 IAAF World Championships.
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When speaking to The Gleaner, the eight-time Olympic gold medalist’s manager, Nugent Walker, confirmed the problem with his account and revealed that Jamaica’s Financial Investigations Division and Financial Services Commission is investigating the case at Stocks and Securities Limited [SSL].
SSL is a client of Bolt, and the investment firm has reportedly contacted the police about the missing funds.
Walker, his manager, tells the Jamaican newspaper The Gleaner: “To get to the bottom of this, all necessary steps are taken.
He’s been with this entity for more than a decade. His entire portfolio is looked over.”
The Gleaner also reports that a ‘former employee at SSL has been implicated in a massive fraud at the entity’.
The lawyer for the unnamed former employee stated that her client was in ‘discussion with SSL and the lawyers representing SSL,’ with talks beginning two weeks ago.
Bolt is the highest-paid athlete in his sport, by some margin, after a meteoric career.
The majority of his earnings came from efforts off the track, with Forbes estimating that he earned £25 million in his final year of competition in 2017. Bolt’s net worth is estimated to be £74 million in 2022 by Celebrity Net Worth.
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On the track, the Jamaican has a lengthy resume, having won 100m and 200m titles at the 2008 Beijing Olympic Games, the 2012 London Games, and the 2016 Rio de Janeiro Games. He also won gold medals in the 4x100m relay with his Jamaican teammates in 2012 and 2016.
