{"id":1333,"date":"2023-01-19T15:14:21","date_gmt":"2023-01-19T16:14:21","guid":{"rendered":"https:\/\/marinemalawi.com\/?p=1333"},"modified":"2025-06-20T11:03:00","modified_gmt":"2025-06-20T11:03:00","slug":"olympic-icon-reveals-sum-allegedly-stolen-from-investment-account","status":"publish","type":"post","link":"https:\/\/marinemalawi.com\/index.php\/2023\/01\/19\/olympic-icon-reveals-sum-allegedly-stolen-from-investment-account\/","title":{"rendered":"Olympic icon reveals sum allegedly stolen from investment account"},"content":{"rendered":"

Usain Bolt is widely considered to have been the greatest sprinter in history<\/strong><\/p>\n

Some $12.7 million has gone missing from an investment account linked to Jamaican Olympic star Usain Bolt, according to his legal team.<\/p>\n

Reports emerging from his home country last week say an employee of the Jamaican investment firm Stocks and Securities Limited (SSL) has been linked to \u201cmassive fraud\u2026 including the missing sums from Bolt\u2019s accounts<\/em>.\u201d<\/p>\n

Bolt\u2019s manager Nugent Walker told The Gleaner<\/a> that the retired athlete had been made aware of irregularities related to one of his accounts, and that police and financial regulators are investigating the matter.<\/p>\n

\u201c[Bolt] has been with this entity over 10 years… His entire portfolio is being reviewed<\/em>,\u201d Walker stated.<\/p>\n

And per Linton P Gordon, a lawyer representing the ex-sprinter, his account once held a sum of $12.8 million but now shows a total of just $12,000.<\/p>\n

\u201cIf this is correct, and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client<\/em>,\u201d Bolts lawyers said in a legal letter to Stocks and Securities Limited, in which they also demanded that the sum be returned to his account.<\/p>\n

They added that they intend to launch civil and criminal proceedings unless the\u00a0action is taken within a period of ten days.<\/p>\n

Stocks and Securities Limited, meanwhile, say that they discovered the potential fraud earlier in January and that several other clients could be missing vast sums of money.<\/p>\n

A message appearing on its website directs enquiries to Jamaica\u2019s Financial Services Commission, which is overseeing an investigation into the firm.<\/p>\n

\u201cWe understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available<\/em>,\u201d the company said in a brief statement.<\/p>\n

On Tuesday of this week, Jamaica\u2019s financial authorities took temporary control of the investment firm, a move which will require Stocks and Securities Limited to seek government approval for any financial transactions it makes.<\/p>\n

Bolt is generally considered to be the most dominant sprinter in history, and holds world records in the 100m, 200m and 4x100m relay.<\/p>\n

Now aged 36, he retired from athletics in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

Usain Bolt is widely considered to have been the greatest sprinter in history Some $12.7 million has gone missing from […]<\/p>\n","protected":false},"author":1,"featured_media":1335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sport"],"_links":{"self":[{"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/posts\/1333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/comments?post=1333"}],"version-history":[{"count":1,"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/posts\/1333\/revisions"}],"predecessor-version":[{"id":1334,"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/posts\/1333\/revisions\/1334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/media\/1335"}],"wp:attachment":[{"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/media?parent=1333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/categories?post=1333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marinemalawi.com\/index.php\/wp-json\/wp\/v2\/tags?post=1333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}