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Usain Bolt was apparently the victim of a financial fraud


Jamaica's former world-class sprinter Usain Bolt is said to have been cheated by a national finance company - out of several million dollars. The authorities are investigating.

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Usain Bolt in 2019

Photo: Martin Bureau / dpa

According to his own statements, former sprint star Usain Bolt was cheated out of a lot of money.

'In a world full of lies... where is the truth?

The history of evil... What is the root?... MONEY," wrote the Jamaican on social networks, quoting from his song "Cryptic World."

Bolt appears to have lost a lot of money, reportedly at $9,998,000 million.

The famous Jamaican is at the center of an alleged fraud scandal involving Jamaican investment firm Stocks and Securities Limited (SSL).

The national financial supervisory authority has placed them under “enhanced supervision”, and several authorities, including the police fraud department, are investigating.

The suspicion: SSL has stolen money from its customers, according to media reports it is a total of around 1.2 billion US dollars.

Further details were not initially known.

Only $2000 left

About ten years ago, what was once the fastest man in the world deposited ten million into an SSL account, the Jamaica Observer reported.

Suddenly there were only $2,000 left, and the eight-time Olympic champion never took anything out, said the man who still holds the world record for the 100 meters (9.58 seconds)

"All relevant steps have been taken to get to the bottom of the matter," Bolt's manager Nugent Walker said. "His entire portfolio is being reviewed."

While Bolt fears he'll never see his money again, Jamaica's outrage is rampant.

Celebrities and politicians commented on the case.


Source: spiegel

All sports articles on 2023-01-17

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