Tuesday, May 21, 2024

Usain Bolt reportedly loses $10 million in fraud probe


Final week, it was reported that the world’s quickest man, Usain Bolt, was a sufferer of fraud by a neighborhood Jamaican funding firm, Shares and Securities Restricted (SSL). Now, a report by the Jamaica Observer states that he has misplaced upwards of $10 million.

Usain Bolt Grand Prix
Usain Bolt on the 2015 Adidas Grand Prix. Picture: Kevin Morris

On Jan. 16, The Jamaica Observer reported that Bolt apparently opened his account with SSL in 2012 however has by no means made a withdrawal. “Bolt stated to have invested just below US$10 million. Nevertheless, the supply acknowledged that solely US$2,000 stays within the account,” in accordance with The Observer.

Bolt is likely one of the highest-earning monitor and discipline athletes of all time, incomes a reported $33 million in 2016 alone. In 2018, Bolt was listed because the forty fifth highest-paid athlete on the earth, in accordance with Forbes. He retired from athletics in 2017.

In line with a report, Bolt is amongst greater than 30 folks believed to have been fleeced by a wealth advisor at SSL, which has since been positioned underneath “enhanced oversight” whereas the Jamaican Monetary Companies Fee (FSC) conducts an inquiry.

On Monday, Bolt took to social media to remark, referencing a social justice diss monitor he launched three months in the past referred to as Cryptic World. Though Bolt didn’t immediately touch upon his monetary state of affairs with SSL, the lyrics of the tune reference that the love of cash is the basis of all evil.

“In a World of Lies… The place is the Fact? The Historical past Evil… What’s the Root?… MONEY #CrypticWorld,” the four-time Olympian wrote on his social media.

When Bolt was requested in October 2022 the which means behind his new launch, he stated, “Every single day I meet somebody who shares struggles that they’re confronted with […] asking me how I can help. The tune is my manner of claiming to folks, sure, I hear you, and can at all times do my finest to assist or shed some mild on the totally different points in Jamaica.”

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


Related Articles


Please enter your comment!
Please enter your name here

Latest Articles