Olympic champion Usain Bolt missing millions from investment accounts: Report

Usain Bolt, the eight-time Olympic champion, is supposedly missing millions from his investment account. As a result, an investigation has begun, and Jamaican authorities are investigating. Nugent Walker, Bolt’s manager, told the Gleaner that Jamaica’s Financial Investigations Division and Financial Services Commission had launched an investigation into the situation at investment firm Stocks and Securities Limited (SSL).

According to Walker, the 36-year-old Bolt discovered the anomalies with his SSL accounts just a few days ago, on Wednesday (January 11). “All relevant steps have been taken to get to the bottom of this,” Walker told the Gleaner, adding that he couldn’t reveal the amounts involved owing to the ongoing inquiry. “He’s been with this entity over 10 years … His entire portfolio is being reviewed,” Walker added.

SSL employee the mastermind?

The Gleaner reports that an SSL employee has been implicated in widespread fraud at the company. As a result, the employee is thought to be behind the developments surrounding the great athlete. “My client is in discussion with SSL and the lawyers representing SSL,” the employee’s lawyer informed the Gleaner.

Despite retiring in 2017, Bolt remains a household brand in sports. The Jamaican has numerous big sponsorship deals under his belt and has world records in the 100m, 200m, and 4x100m relay. In 2016, he made a stunning $33 million through sponsorship, prize money, and appearance fees. Overall, his stock has not dropped significantly since his retirement.

For the time being, it will be intriguing to watch how swiftly Jamaican officials can make a conclusion regarding the millions of dollars missing from Bolt’s investment accounts.