Usain Bolt, the Jamaican sprint legend, is said to have lost his retirement investments worth over Sh1.2 billion after a fraudster wiped his account clean.
According to the Jamaica Observer, Bolt is one of more than 30 people whose assets at Stocks and Securities Limited (SSL) are suspected to have been duped by a wealth advisor.
The investment firm allegedly became aware of the fraud in August 2022, but it didn’t realize the Olympian was one of those impacted until it was too late.
According to reports, Bolt requested a meeting with the firm in December after seeing the mismatch in his financial portfolio during the yearly review.
According to the Jamaica Observer, the intelligence of the big theft was sent to Bolt’s management team last week before the firm went public about it.
According to the Jamaica Observer, Bolt opened the account in 2012 and never made a withdrawal.
Pursuant to the newspaper, the retired runner worries he would never be able to recover his retirement funds.
