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<h1 class="has-text-color wp-block-heading" style="color:#2e2527;font-size:14px"><strong><strong>World sprints record holder Usain, </strong>Bolt, 36, has been defrauded of his life savings</strong></h1>



<h1 class="has-text-color wp-block-heading" style="color:#2e2527;font-size:14px"><strong>The eight-time Olympic champion put his fortune in a private investment firm in Kingston, Jamaica </strong></h1>



<h1 class="has-text-color wp-block-heading" style="color:#2e2527;font-size:14px"><strong>His attorney&#8217;s examined the portfolio that reflects a balance of only $12,000, with an investigation under way </strong></h1>



<h1 class="has-text-color wp-block-heading" style="color:#2e2527;font-size:14px"><strong>The investment firm Stocks &; Securities Limited, [SSL], is directing queries to Jamaica&#8217;s financial authorities </strong></h1>



<h1 class="has-text-color wp-block-heading" style="color:#2e2527;font-size:14px"><strong>Bolt&#8217;s net worth is estimated to be $90million and his biggest sponsor is Puma </strong></h1>



<h1 class="has-text-color wp-block-heading" style="color:#2e2527;font-size:14px"><strong>Attorneys for the track star said they are prepared to file a lawsuit if that will make it possible to recover more than $12.7 million that mysteriously disappeared from his account </strong></h1>



<h1 class="has-text-color wp-block-heading" style="color:#2e2527;font-size:14px"><strong>Bolt’s account with the company was created to act as a pension for Bot and both of his parents </strong></h1>



<h1 class="has-text-color wp-block-heading" style="color:#2e2527;font-size:14px"><strong>Tuesday night, Jamaica’s Finance Minister Nigel Clarke claimed that SSL had committed “alarming and evil fraud” and promised to “bring all perpetrators to justice”</strong></h1>



<figure class="wp-block-image size-full"><img src="https://konniemoments.com/wp-content/uploads/2023/01/Usain-Bolt-5.png" alt="" class="wp-image-427565"/><figcaption class="wp-element-caption"><strong>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 Kingston. His attorneys claim more than $12.7million is missing from his investment account account</strong></figcaption></figure>



<p>Jamaica’s Olympic sprinting icon and eight-time Olympic sprint champion, Usain Bolt has lost millions of dollars in his account with Stocks and Securities Ltd, an investment company based in Kingston.<br>Bolt, 36, is threatening to sue a private investment firm in Jamaica after more than $12.7million disappeared from his account.<br>Attorneys for the track star said they are prepared to file a lawsuit if that will make it possible to recover the $12.7 million that mysteriously disappeared from Bolt’s account. His account was left with a balance of $12,000, as at the time his attorneys examined it. </p>



<figure class="wp-block-image size-full is-resized"><img src="https://konniemoments.com/wp-content/uploads/2023/01/Usain-Bolt-10.png" alt="" class="wp-image-428094" width="842" height="838"/><figcaption class="wp-element-caption"><strong>World sprints record holder Usain Bolt [photo], was not only an exceptional athlete, he was also a highly compensated global brands ambassador who reportedly earning over $31million a year at the height of his running career</strong></figcaption></figure>



<p><br>The lawyers claim a check on his balance earlier this month revealed he had been left with barely $12,000 after what they described as a potential act of fraud.<br>It has been reported in Jamaica that the retired sprinter, whose earnings per season were estimated to top $25 million when he was active, has given the firm a 10-day deadline to return the money.<br>The statement from Bolt’s lawyers read, “The account was part of Bolt’s retirement and lifetime savings.<br>“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.<br>“We will be going to court with the matter” if the company does not return the funds,” his lawyer, Linton P. Gordon, told Fortune magazine over the phone.<br>“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.<br>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.<br>It also said that it had taken measures to secure customers’ assets and tighten protocols.<br>On Tuesday night, Jamaica’s Finance Minister Nigel Clarke claimed that SSL had committed “alarming and evil fraud” and promised to “bring all perpetrators to justice.”<br>The country&#8217;s financial authorities said they were assuming temporary management of the private investment firm. It is allowed to keep operating but needs approval from the government for any transactions.</p>



<figure class="wp-block-image size-full is-resized"><img src="https://konniemoments.com/wp-content/uploads/2023/01/Usain-Bolt-9.png" alt="" class="wp-image-428096" width="841" height="560"/><figcaption class="wp-element-caption"><strong>The ravaged investment account with the company reportedly, was created to act as a pension for Bolt [photo] as well as both of his parents </strong></figcaption></figure>



<p>The Associated Press reported that Bolt’s account with the company was created to act as a pension for both of his parents and the eight-time Olympic gold medal-winning sprinter.<br>Bolt, who retired in 2017, holds the world records for the 100 meters, 200 meters and 4&#215;100 meters. His net worth is estimated to be $90million, according to Celebrity Net Worth. <br>At the height of his career, in 2015 and 2016, the six-foot-four sprinter was thought to earning over $31million per year, Sportskeeda reports. <br>Bolt, who is the brand ambassador of PUMA and was roughly compensated $10million annually during his running days. Despite retiring five years ago, the sports apparel brand still pays the 36-year-old about $4 million per year for wearing its clothing.</p>

Usain Bolt defrauded of $12.7M life savings, ‘his account has only $12,000’ left in it – Investment firm is given 10 days to return it or face charges
