Jamaica Olympic Gold Medallist Usain Bolt Lost $12.7 Million in Missing Funds in Employee Fraud at 45 Year-Old Jamaica Investment Firm, Account Balance of $12,000 Left in Earmarked Retirement for Parents & Himself
19th January 2023 | Hong Kong
Jamaica Olympic 8-time gold medallist sprinter Usain Bolt had lost $12.7 million in missing funds in an employee fraud at 45 year-old Jamaica investment firm Stocks and Securities Ltd (SSL), and now left with an account balance of $12,000. The funds were earmarked for retirement (pension) for his parents & himself. Usain Bolt attorney (Linton Gordon) says his client is willing to take the case to court if Stocks & Securities Ltd (SSL) does not return the money. Stocks and Securities Ltd (SSL) released a statement on 12th January 2023, that it is aware of the fraud by a former employee and had referred to matter to law enforcement authorities. The case has gained immediate high level scrutiny in Jamaica, including from Jamaica Constabulary Force (Probe started on SSL), Jamaica Financial Services Commission (Appoints temporary manager at SSL) and Jamaica Finance Minister Nigel Clarke calling that alleged fraud “alarming and evil fraud” and will “bring all perpetrators to justice.” Usain Bolt retired from competitive sprinting in 2017. He holds the world record for 100 meter sprint (9.58 seconds in 2009) and 200 meters sprint (19.19 seconds, 2009). Usain Bolt has an estimated net worth of between $30 million to $90 million.
“ Jamaica Olympic Gold Medallist Usain Bolt Lost $12.7 Million in Missing Funds in Employee Fraud at 45 Year-Old Jamaica Investment Firm, Account Balance of $12,000 Left in Earmarked Retirement for Parents & Himself “
Jamaica Olympic Gold Medallist Usain Bolt Lost $12.7 Million in Missing Funds in Employee Fraud at 45 Year-Old Jamaica Investment Firm, Account Balance of $12,000 Left in Earmarked Retirement for Parents & Himself
Urgent Notice by Stocks and Securities Ltd. ( SSL)
SSL – Thank you for your Interest in Stocks and Securities Ltd. ( SSL). Further to our press release on January 12, 2023, please note the company is currently under the direction of the Financial Services Commission (FSC) and so responses from SSL may be delayed at this time. We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available. Do contact the Financial Services Commission with urgent queries. Thank you for your patience and kind understanding.
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