Usain Bolt fires business manager over Jamaica fraud case

  • 📰 AP
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

SAN 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.

When asked if he was “broke,” the retired star athlete laughed.

“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.” Bolt’s attorneys have said the athlete’s account with Kingston-based Stocks and Securities Limited dwindled from nearly $12.8 million to some $12,000. They had given the company until Friday to return the money or face civil and criminal action.

It wasn’t immediately clear whether any action had been taken as of late Friday. Attorney Linton P. Gordon did not return a message seeking comment.He told the Jamaica Observer newspaper that the public should anticipate the “expected and the unexpected” in the case. “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.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good..Fraud we no want.

He hired Sam Bankman to take over.

Since Bolt like all Jamaican athletes was on drugs his entire career I see this as justice.

A business? You would think he would be able to RUN it. 👍🙄

(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

I’ll take over for him

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Largest San Francisco Office Leases - San Francisco Business TimesThis List includes San Francisco office leases signed in 2022. Information was obtained from CBRE, Cushman & Wakefield, JLL, Kidder Matthews, Colliers, and SFBT research.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »