$12.7m MOVED OUT Of Usain Bolt’s Bank Account
Usain Bolt is missing more than $12.7million from a bank account in Jamaica, leaving him with a balance of just $12,000, his lawyers have said.
An investigation has been launched into the missing funds that one of the world’s greatest ever sprinters had stored in a private investment firm in Kingston.
Attorney Linton P Gordon provided, via The Associated Press, a copy of a letter sent to Stocks & Securities Limited demanding that the money be returned.
He said Bolt’s account now reflects a balance of only $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,’ the letter states.
They threaten civil and criminal action if the money is not returned within ten days.
Stocks & Securities Limited did not immediately respond to a request for comment. On its website, the company asked that clients direct all urgent queries to Jamaica’s Financial Services Commission, which is investigating the firm.
‘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 company said.
The private investment company has said that it discovered an alleged fraud earlier this month and that several of its clients may be missing millions of dollars.
Jamaica’s finance minister, Nigel Clarke, called the situation alarming.
‘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 said.
Bolt, 36, who retired in 2017, holds the world records for the 100 meters, 200 meters and 4×100 meters. His net worth is estimated to be $90million, according to Celebrity Net Worth.
Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates
Is it now a crime keeping money in a bank?