Legendary Jamaica sprinter, Usain Bolt, was stunned to discover $12 million missing from an account he had with Kingston-based investment firm Stocks and Securities Ltd., according to his lawyer.
Bolt’s lawyer Linton P. Gordon in a phone interview recently told him there was only about $12,000 remaining in the account.
The account was part of Bolt’s retirement and lifetime savings.
Gordon provided The Associated Press with a copy of a letter sent to Stocks & Securities Limited demanding that the money be returned.
He said Bolt’s account once had 12.8 million dollars but now reflects a balance of only 12,000 dollars (£9,724).
“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 lawyers say in the letter.
They threaten civil and criminal action if the money is not returned within 10 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 company has said it discovered the fraud earlier this month and that several of its clients may be missing millions of dollars.
1 Comment
Everyone should take a lesson from this information. Never put your eggs in one basket. Deal only with reputable Finacial International Banks. Take it as if your whole life depends on it because, it actually does. Good luck Legent Bolt. Each time l visited Jamaica on holidays, as our Bus drove by, the Bus driver never fails to point out the Legent’s house. He is a Jamaican national pride. Now, this daylight rubbers took away all what the Legent worked for, and all are gone with the wind.