Usain Bolt seeks missing US$12.7m from Jamaica investment firm

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He found out last week that his account balance at Stocks and Securities (SSL) had inexplicably dwindled to just US$12,000. Read more at straitstimes.com.

KINGSTON, Jamaica - Olympic champion Usain Bolt is seeking to recover more than US$12.7 million that disappeared from his account with a Jamaican investment firm and is willing to take the case to court if necessary, Bolt’s attorney said.

“We will be going to court with the matter” if the company does not return the funds, Mr Gordon said. SSL said in a Jan 12 statement that it had become aware of fraudulent activity by a former employee and has referred the matter to law enforcement, adding that it had taken steps to secure assets and strengthen protocols.The Jamaica Constabulary Force said on Monday that its fraud and financial investigation teams were probing “alleged fraudulent activities at which are said to have affected the accounts of Mr Usain Bolt among other individuals.

 

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