Usain Bolt

2023 - 1 - 19

Post cover — Image courtesy of "The Punch"

Usain Bolt loses $12 million to hackers (The Punch)

Jamaican Olympic sprinting champion, Usain Bolt, on Thursday, lost $12 million in his account with an investment company, Stocks and Security Limited, ...

Reacting to the development, Stocks and Securities Ltd said in a statement on January 12 that it learned of the fraudulent activity by a former employee and had alerted law enforcement to the situation. “It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace,” he added. Gordon, told Fortune magazine over the phone.

Usain Bolt missing $12.7m in alleged fraud, lawyer says (The National)

Bolt had $12.8 million in the account, which was part of his retirement savings, but it now reflects a balance of only $12,000, the lawyer said, according to a ...

The regulator gave orders to allow SSL to operate under “enhanced oversight”. On January 12, the FSC said it was aware of allegations of fraud at the company. [a serious act of fraud](https://www.thenationalnews.com/business/money/how-to-protect-yourself-from-financial-fraud-pocketful-of-dirhams-1.1168111), larceny or a combination of both have been committed against our client,” Bolt’s lawyer said in the letter, which also [demanded that the money be returned](https://www.thenationalnews.com/business/2023/01/09/men-more-likely-to-be-victims-of-stolen-identity-than-women-survey-suggests/). “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,” SSL said. [Usain Bolt, one of the world's greatest sprinters, ](https://www.thenationalnews.com/lifestyle/wellbeing/2021/11/13/usain-bolt-runs-at-expo-2020-dubai-to-raise-funds-for-charity/)said on Wednesday that more than $12.7 million was missing from his account with Stocks & Securities Limited (SSL), a private investment company in Jamaica. [highest-paid athletes ](https://www.thenationalnews.com/sport/other-sport/2022/05/12/lionel-messi-cristiano-ronaldo-and-the-highest-paid-athletes-of-2022-top-10-in-pictures/)in the world after winning eight Olympic gold medals, the website said.

Usain Bolt reportedly missing $12.7 million from investment account ... (CNN)

Lawyers for eight-time Olympic gold medalist Usain Bolt say more than $12.7 million is missing from his account with a Jamaican investment firm now under ...

Bolt became a household name when he won gold medals at the Beijing 2008, London 2012 and Rio 2016 Olympics. This despicable act of dishonesty by an employee at SSL, and possibly with collaborators, we believe cannot be taken as symptomatic of the risk for the entire industry.” CNN has contacted SSL for comment but did not receive a response.

Usain Bolt wants to know where his missing $12 million went (The Washington Post)

The investment firm in question, Stocks & Securities Limited, is being investigated by Jamaica's financial supervisory body, the Financial Services Commission ...

says the company is “currently under the direction of the Financial Services Commission” and asks for patience from “anxious” clients. Bolt holds the world records for the 100 meters and 200 meters and ran on the team that set the 4x100-meter world record. He retired in 2017.

Usain Bolt defrauded of $12m life savings (Vanguard)

Jamaica's Olympic sprinting icon, Usain Bolt has lost millions of dollars in his account with Stocks and Securities Ltd, an investment company based in ...

In reaction to the development, Stocks and Securities Ltd said in a statement on January 12 that it learned of the fraudulent activity by a former employee and had alerted law enforcement to the situation. “It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace,” he added. Gordon, told Fortune magazine over the phone.

Usain Bolt has been defrauded of $12 million of his savings (Nairametrics)

Usain Bolt lost millions of dollars in his account with Stocks and Securities Ltd, an investment company based in Kingston.

- “We will be going to court with the matter” if the company does not return the funds, Gordon said. It’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension,” Gordon said on Wednesday. - “The account was part of Bolt’s retirement and lifetime savings,” his lawyer, Linton P.

Update: Usain Bolt Possibly Scammed Out of $12.7 Million From ... (Yahoo Finance)

Someone needs to bolt into action and figure out what's going on with Usain Bolt's money. The retired Olympic gold medallist discovered he is missing $12.7 ...

Usain Bolt threatens to sue private investment firm after more than ... (Daily Mail)

RIATH AL SAMARRAI: Lawyers for Bolt claim a check on his balance earlier this month revealed he had been left with barely £9700 after what they described as ...

Olympic legend Usain Bolt is threatening to sue a private investment firm in Jamaica [Usain Bolt](/sport/usain_bolt/index.html) is threatening to sue a private investment firm in Jamaica after more than £10million disappeared from his account. - Olympic legend Usain Bolt is threatening to sue a private investment firm

Usain Bolt 'defrauded' of $12.7m life savings (TheCable)

Usain Bolt, former Olympic sprint champion, has lost more than $12.7 million to alleged fraudulent activities. According to Linton Gordon, Bolt's lawyer, ...

[said](http://www.fscjamaica.org/fsc-news/news-articles/news-480.html) it was “aware of reports of allegations of fraud” and has begun an investigation on SSL. Bolt is an eight-time Olympic gold medal winner. Bolt is said to have had investments with SSL for over a decade. “It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace.” It was gathered that the account includes a part of the athlete’s retirement and life savings. [The Associated Press](https://apnews.com/article/sports-usain-bolt-jamaica-business-fraud-ab892e1728ecdfdb05d61f9fb2246d49) with a copy of a letter sent to SSL demanding that the money must be returned.

Jamaica's Usain Bolt missing $12.7m in investment fraud case (Aljazeera.com)

Lawyers of the Olympic sprinter say Bolt's account is missing more than $12.7m from his account.

[investigates the firm](/news/2023/1/14/jamaica-probes-fraud-as-usain-bolts-millions-feared-missing). [left with only $12,000](/news/2023/1/14/jamaica-probes-fraud-as-usain-bolts-millions-feared-missing). [Usain Bolt](/features/2016/8/16/rio-2016-usain-bolt-from-strong-child-to-track-king) say their client has been defrauded of $12.7m from his account with a private investment firm in Jamaica that authorities are investigating.

Usain Bolt Threatens Lawsuit After Losing £10m Life Savings To ... (Leadership Newspaper)

Jamaican retired sprinter, Usain Bolt, is threatening to sue a private investment firm in Jamaica after more than £10million disappeared from his account.

He added: “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.” It is claimed that a number of clients for Stocks & Securities Limited have reported missing funds. Lawyers for the eight-time Olympic gold medallist claimed a check on his balance earlier this month revealed he had been left with barely £9,700 after what they described as a potential act of fraud.

Usain Bolt

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