Usain Bolt Has $12 Million Missing From Account In Possible Fraud, Lawyers Say

Lawyers for Usain Bolt, one of many world’s biggest sprinters, mentioned Wednesday that greater than $12.7 million is lacking from his account with a personal funding agency in Jamaica that authorities are investigating.

Legal professional Linton P. Gordon offered The Related Press with a duplicate of a letter despatched to Shares & Securities Restricted demanding that the cash be returned.

Gordon mentioned Bolt’s account as soon as had $12.8 million however now displays a steadiness of solely $12,000.

“If this is correct, and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client,” Bolt’s attorneys say within the letter.

They threaten civil and prison motion if the cash shouldn’t be returned inside 10 days.

Usain Bolt, pictured in November 2022, could be the sufferer of fraud, his attorneys mentioned.

Dan Istitene – Components 1 by way of Getty Photographs

Shares & Securities Restricted didn’t instantly reply to a request for remark. On its web site, the corporate requested that shoppers direct all pressing queries to Jamaica’s Monetary Companies Fee, which is investigating the agency.

“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,” the corporate mentioned.

The corporate has mentioned that it found the fraud earlier this month and that a number of of its shoppers could also be lacking tens of millions of {dollars}.

Jamaica’s finance minister, Nigel Clarke, known as the state of affairs alarming however famous it was uncommon.

“It is tempting to doubt our financial institutions, but I would ask that we don’t paint an entire hard working industry with the brush of a few very dishonest individuals,” he mentioned.

Bolt’s attorneys despatched the letter Monday, the identical day that Jamaica’s Monetary Companies Fee introduced it was appointing a particular auditor to look into fraud allegations at Shares & Securities Restricted, which relies within the capital of Kingston.

On Tuesday, monetary authorities mentioned they have been assuming momentary administration of the personal funding agency. It’s allowed to maintain working however wants approval from the federal government for any transactions.

Bolt, who retired in 2017, holds the world information for the 100 meters, 200 meters and 4×100 meters.