Usain Bolt fires business manager over Jamaica fraud case

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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.”

 

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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

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Sprinting great Bolt says 'stressful situation' trying to recover lost millionsWorld 100 and 200 metres record holder Usain Bolt said on Friday that it was a 'stressful situation' trying to recover more than $12.7 million that has disappeared from his account with a Jamaican investment firm. He should have moved out of Jamaica a long time ago. Not to bash any countries here, but with that amount of wealth and access to anywhere in the world, and usainbolt decided to invest it with a Jamaican investment firm? I’m Zimbabwean and I won’t leverage that much on my country! Property, yes! Stocks and equity, NO! Welcome to being poor like the rest of us Bro!
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