Usain Bolt seeks to recover $12.7 million lost in investment scam
[ad_1]
According to the former athlete’s lawyer, Bolt will take the case to court if necessary.
After suffering a blow and losing more than 12.7 million dollars, the equivalent of R$ 65.7 million, Olympic champion Usain Bolt is trying to recover the money that disappeared from his account at a Jamaican investment company. According to the former athlete’s lawyer, Bolt will take the case to court, if necessary.
Bolt was informed last week that his account balance at Kingston-based Stocks and Securities Ltd (SSL) had inexplicably dwindled to just $12,000, lawyer Linton Gordon told Reuters late on Tuesday.
“We will go to court with the matter” if the company does not return the funds, Gordon said.
“It is a huge disappointment, and we hope that the matter will be resolved in such a way that Mr. Bolt get his money back and live in peace.”
SSL said in a Jan. 12 statement that it became aware of a former employee’s fraudulent activity and has escalated the matter to law enforcement, adding that it has taken steps to protect assets and strengthen protocols.
SSL did not immediately respond to an email or phone call seeking further comment.
The Jamaican Police Force said Monday that its financial and fraud investigation teams were investigating “alleged fraudulent activity on SSL that allegedly affected Mr. Usain Bolt, among other individuals.”
Finance Minister Nigel Clarke said late on Tuesday that SSL had allegedly committed “alarming and perverse fraud” and that authorities would “bring all perpetrators to justice”.
Bolt’s account was intended to serve as a retirement fund for the eight-time Olympic gold medalist sprinter and his parents, Gordon said.
* With reporting by Kate Chappell in Kingston and Brian Ellsworth in Caraca
Read more:
Money changer ends up arrested for scamming seniors worth R$500,000
Elderly woman loses BRL 230,000 when she falls for the winning ticket scam
Serasa warns WhatsApp users about three scams most practiced by criminals
[ad_2]
Source link
