Usain Bolt loses $12M of his savings to scammers
Usain Bolt has been reportedly scammed of $12M in his account with stocks and securities Ltd, an investment company based in Kingston.
The Jamaica Olympic sprinting icon has his lawyers ready to get involved in a bid to redeem the lost money.
Also, the lawyers of the sports star said that they are ready to file a lawsuit if that will make it possible to recover the lost money from Usain Bolt’s account.
In a statement from Bolt’s lawyers, The account was part of Bolt’s retirement and lifetime savings.
Gordon, one of his lawyers remarked that the situation was distressing for anyone, and certainly in the case of Mr. Bolt who had established the 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, told Fortune magazine over the phone.
Furthermore, In reaction to the fraud news, Stocks and Securities Ltd said in a statement dated January 12 that it learned of the fraudulent activity by a former employee and had alerted law enforcement to the situation.
The financial institution said that it had taken measures to secure customers’ assets and tighten protocols.
In addition, Jamaica’s Finance Minister, Nigel Clarke claimed that SSL had committed an “alarming and evil fraud” and promised to bring all perpetrators to justice.
Also, The Associated Press reported that the defrauded account was opened for the savings of his pension and that of his parents.
Usain Bolt is an eight-time Olympic gold medal-winning sprinter.
He retired from sporting in 2017 after dominating the sprinting world for a decade, bringing back a sport marred by doping scandals.
Before retirement, Bolt became a household name like Muhammad Ali and Brazilian soccer legend Pele
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