Usain Bolt defrauded of $12m life savings
Written by City Radio on January 19, 2023
Jamaica’s Olympic sprinting icon, Usain Bolt has lost millions of dollars in his account with Stocks and Securities Ltd, an investment company based in Kingston.
The lawyers of the track star said they are prepared to file a lawsuit if that will make it possible to recover the $12 million that mysteriously disappeared from Bolt’s account.
The statement from Bolt’s lawyers read, “The account was part of Bolt’s retirement and lifetime savings.
In reaction to the development, Stocks and Securities Ltd said in a statement on January 12 that it learned of the fraudulent activity by a former employee and had alerted law enforcement to the situation.
It also said that it had taken measures to secure customers’ assets and tighten protocols.