Usain Bolt is still worried that millions of dollars of his vast wealth has still not been located.
A company which looks after Bolt’s investments is under investigation after reports he may have lost millions to fraud. Jamaica’s Financial Services Commission has placed the firm, Stocks and Securities Limited in ‘enhanced oversight’ following the allegations.
The 36-year-old retired sprinter had investments with SSL for over a decade. Bolt’s manager Nugent Walker told the Jamaica Gleaner the eight-time Olympic champion had noticed “discrepancies”.
The Gleaner report alleged millions of dollars were missing from the account. The FSC said it was “aware of reports of allegations of fraud” and that the oversight process would allow it to see the movement of funds and securities into and out of SSL.
“The FSC will simultaneously continue its investigations into matters related to SSL,” it added. SSL said its own internal investigations suggest a former employee was behind the alleged fraud and added it had “referred the matter to the relevant law enforcement authorities”.
Bolt retired from athletics in 2017 after winning 11 World Championship gold medals and eight Olympic gold medals. During the 2008 Beijing Olympics Bolt set new world records for the 100m and 200m sprint. His 100m time of 9.58 seconds remains the world record.
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