Jamaican sprinter Usain Bolt parts ways with business manager amid fraud case: report

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Jamaican sprinter Usain Bolt parts ways with business manger amid fraud case: report

Bolt mentioned the parting of ways was not amicable, and he shrugged off the notion that he was now"broke."

"I’m not broke, but it’s definitely put a damper on me," he said."It was for my future. Everybody knows I have three kids. I’m still looking out for my parents, and I still want to live very well."Stocks and Securities Limited dwindled from nearly $12.8 million to around $12,000. They had threatened to take legal action if the funds were not returned by Friday. It was not clear as of Saturday if any legal action had been initiated.

"There is nothing to say at this stage, given what is happening," he was quoted as saying."We have met with persons, and we are dealing with certain matters." Jamaica's Usain Bolt celebrates winning the gold medal in the men's 4x100-meter relay final at the 2016 Summer Olympics in Rio de Janeironoted that several government agencies and elderly customers also were affected by the alleged fraud. It is unclear how many clients overall were affected and how much money in total is missing.

"It’s always a sad situation. Definitely disappointed," Bolt said of the elderly who were affected."Everybody’s confused. … I’m as confused as the public."

 

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Is he upgrading from a business manger to a business barn then?

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Usain Bolt fires business manager over Jamaica fraud caseSAN JUAN, Puerto Rico (AP) — Jamaican sprinter Usain Bolt told reporters Friday that he is baffled over how $12.7 million of his money has gone missing from a local private investment firm that authorities are investigating as part of a massive fraud that began more than a decade ago. I’ll take over for him (RIGHT NOW) look whats going on in the comment section of this paul Pelosi vid right now i bet its the republican troll farm in Arizona THIS IS NEWS GO C 4 YOURSELF THESE PEOPLE IN THE COMMENTS R NOT MY COUNTRYMEN A business? You would think he would be able to RUN it. 👍🙄
Source: AP - 🏆 728. / 51 Read more »

Usain Bolt fires business manager over Jamaica fraud caseJamaican sprinter Usain Bolt told reporters he is baffled over how $12.7 million of his money has gone missing from a local private investment firm that authorities are investigating as part of a massive fraud that began more than a decade ago. Money doesn’t normally just disappear. I hope the catch the crooks as fast a Usain Bolt runs. Dude keep track of your investments.
Source: ABC - 🏆 471. / 51 Read more »

Usain Bolt Fires Business Manager After $12 Million Goes Missing In Alleged Fraud CaseThe retired sprinter said he is baffled as to how the money vanished from a Jamaica investment firm that's now under investigation for possible yearslong fraud. Have him talk to Billy Joel, Cyndy Lauper, etc. This is as old as time. Madonna ran/runs her own empire so that did not happen to her. Tipo as inconsistências contábeis das Americanas The company, SSLJamaica, its managers and directors, and the FSCJamaica (regulator) too, have some serious explaining to do! TalkTheTruth
Source: HuffPostWomen - 🏆 27. / 68 Read more »

Usain Bolt fires business manager after $12.7 million goes missing in massive fraud caseThe Jamaican sprinter told reporters that he is baffled over how $12.7 million of his money has gone missing from a local private investment firm that authorities are investigating as part of a mas… What a surprise. There is regular fraud involving banks and investment companies in Jamaica. Monies are always depleted from depositors account who are off the island. When beneficiaries show up there is no account on record or told that they were already closed ChiefsKingdom
Source: nypost - 🏆 91. / 67 Read more »