Usain Bolt loses almost 12 million euros in alleged scam

Edited by Ed Newman
2023-01-21 06:32:08

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Jamaican Usain Bolt

Kingston, January 21 (PL) - Jamaican Usain Bolt has lost 11.7 million euros from a bank account with the investment firm Stocks and Securities Limited (SSL), his lawyers said today

.Although the scandal had erupted a few days ago, it was not until Friday that the exact amount of the alleged embezzlement was known.

According to Lindon Gordon, one of the lawyers of the fastest man in the history of mankind, eight-time Olympic champion in the pure speed events of athletics, the account currently has "only 11,100 euros".

In a letter sent to SSL, the lawyer explains that "if this is correct, and we hope it is not, then a serious act of theft or fraud or a combination of both has been committed against our client (Bolt)."

He further demanded that the money be reimbursed within 10 days. If that deadline is missed, he said, civil and criminal action would be taken against SSL.

The Jamaican financial authorities have temporarily blocked SSL's operations in order to analyze possible fraud schemes.

According to the Jamaican media Loop News, the Financial Services Commission appointed Kenneth Tomlinson as temporary manager of SSL three days ago, after the revelations of massive fraud in the entity, where several clients, among them Usain Bolt, lost millions of euros and dollars.



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