Wednesday, May 22, 2024

Usain Bolt lacking tens of millions from funding fraud scheme

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The world’s quickest man, Usain Bolt, has run into some monetary points in Jamaica after his supervisor reported the sprinter is lacking tens of millions of {dollars} from an funding account with Jamaican agency Shares and Securities Restricted (SSL).

Usain Bolt greets followers after successful the 200m on the Adidas Grand Prix Diamond League. Picture: Kevin Morris

The eight-time Olympic champion’s supervisor informed to Jamaican newspaper The Gleaner that Bolt had observed discrepancies along with his accounts on Jan. 11 and has since launched an investigation with Jamaica’s Monetary Investigations Division and Monetary Companies Fee.

Bolt has reportedly been a consumer of the funding agency for 10 years, however the agency has no concept the place the cash went and suspect fraud.

“His whole portfolio is being reviewed,” mentioned his supervisor Nugent Walker to the newspaper. Walker didn’t specify the precise sum of money lacking from Bolt’s account however claimed it’s within the tens of millions.

Nonetheless, The Gleaner reported {that a} former SSL worker has been concerned in a widespread fraud scheme, which can relate to the identical developments in Bolt’s case.

Representatives for Bolt and SSL didn’t reply to requests for a touch upon this story.

Usain Bolt Grand Prix
Usain Bolt on the 2015 Adidas Grand Prix Diamond League in NYC. Picture: Kevin Morris

Bolt is likely one of the highest-earning monitor and subject athletes of all time, incomes a reported 33 million {dollars} in 2016 alone. In 2018, Bolt was listed because the forty fifth highest-paid athlete on the planet, in accordance with Forbes.

Bolt set the 100m and 200m world data on the 2009 World Championships in Berlin, the place he received double gold. He’s the one sprinter to have received three consecutive Olympic gold medals within the males’s 100 metres and 200m from Beijing 2008 to Rio 2016.

Since 2017, Bolt, 36, has stepped away from athletics moreover racing one unofficial 800m for an insurance coverage commercial.

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