Legendary track star Usain Bolt is reportedly facing a horrible financial situation.
The track phenom, an eight-time Olympic Gold medalist, is bracing to lose millions of dollars.
The Gleaner, a Jamaican outlet, reported on the story earlier this week. In it, they wrote, “A probe has been launched into millions of dollars reportedly missing from an account belonging to sprint legend Usain Bolt at Jamaican investment firm Stocks and Securities Limited (SSL), the sport star’s manager Nugent Walker confirms.”
The report notes that the investigation is ongoing.
A former employee at SSL is reportedly involved in the case also. “The Gleaner has learnt that a former employee at SSL has been implicated in a massive fraud at the entity, including the missing sums from Bolt’s accounts,” they wrote. According to The Gleaner report on the situation, discussions have reportedly been going on for two weeks.
Abka Fitz-Henley, a Jamaican reporter, added to the situation on Tuesday. Fitz-Henley noted that Bolt’s lawyers have demanded payment of under $13 million within the next ten days. Fitz-Henley tweeted, “The lawyers say they’ve been advised that Bolt’s account has been depleted from just under 13-million USD to just over12-thousand USD.”
The lawyers say they've been advised that Bolt's account has been depleted from just under 13-million USD to just over 12-thousand USD.
The letter from Bolt's lawyers to SSL was copied to several officials including Finance Minister Nigel Clarke and Prime Minister Holness.
— Abka Fitz-Henley (@AbkaFitzHenley) January 17, 2023
This is obviously a terrible situation for the celebrated track star to be dealing with. For his sake, that all gets touched up quickly.
[The Gleaner, Abka Fitz-Henley]
