Usain Bolt’s $12M Still Missing After 2 Years: “Where’s My Money?”
Two years have passed since the news broke two years ago that because of fraud, Usain Bolt, the Olympic great, has gone down from $12.8 million in his account. He still asks countless questions and has nursed the idea of writing a reminder about his money missing about fraud.
Bolt was shocked to discover in January 2023 that a whopping amount was missing from an account he had with Kingston-based investment firm Stocks and Securities, with only $12,000 left in his account, according to his lawyer.
Jamaican law enforcement opened complaints on 11 January 2023 against alleged fraud in wealth management firm Stocks & Securities Ltd (SSL), said to have implicated Bolt and a host of other names on a fraud scheme as it sucked their accounts dry.
All of these investigations were undertaken by the Fraud Squad of the Jamaica Constabulary Force and the Financial Investigations Division; however, it seems to bear no fruit, evidenced by the recent post made by the eight-time Olympic champion on his social media platforms.
The exact sum of stolen money was with Bolt playing a Jamaican song and the song somewhat summarises “giving everything but receiving nothing in return.” Bolt was particularly with Linton Gordon, his lawyer, the holder of SSL, because news broke about the “mysterious” depletion of the balance from Segun’s SSL account to just over $12,000.
Bolt, who retired from athletics in 2017, according to Gordon, had not withdrawn or transferred anything from the account and would go the legal way if the money is not recovered.
Additionally, Bolt’s representative Ricky Simms has also confirmed to CNN regarding the investigation into alleged fraudulent activities at SSL; however, he is unable to confirm the amount Bogie lost from his account.
Meanwhile, it reported in chribbeanlife.com in September 2024 that Bolt and other victimized investors would be largely repaid their amounts invested.
According to the publication, SSL is planning to repay robbed investors two years later after coming inches away from collapsing after several employees reduced the accounts of clients including Bolt.
In an official communication, the agency informed that advanced arrangements were underway to pay out more than $30 million to more than 200 clients who had patiently waited for more than a year after the scandal broke in late 2022. The state regulator, the Financial Services Commission (FSC), has instructed SSL to commence the payout as soon as possible.
However, with the post from the eleven-time world champion, it’s obvious that those promises have not been fulfilled.
Bolt came to be known across the world after winning gold medals at the Beijing 2008, London 2012, and Rio 2016 Olympics. He is still the holder of the 100m and 200m world records of 9.58s and 19.19s, respectively, both set during the 2009 world championships in Berlin.
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