Usain Bolt

Jamaican sprinting legend Usain Bolt has lost all of his retirement money to a scam. Read on to know more about this blunder.

ADVERTISEMENT Bolt, who has plenty of records to his name, now faces uncertainty. All his retirement money amounting to $9,998,000 has been wiped out by a notorious scammer, and till now nothing has been recovered.

Bolt says that there are millions of dollars missing from his investment accounts with Stocks and Securities Limited, and an investigation is now reportedly ...

The employee's attorney said that her client "is in discussion with SSL and the lawyers representing SSL," and has been for at least the last two weeks. This unnamed employee has been implicated in other cases of fraud and could be involved in the sums missing from Bolt's accounts. One early lead in the investigation is said to be a former SSL employee that's been accused of widespread fraud.

Jamaica's legendary Olympian Usain Bolt is one of some 30 individuals, impacted by a massive fraud at the investment firm, SSL.

- The discrepancies were apparently related to the actions of a former SSL wealth advisor, who allegedly stole a large portion of his money before the fraud was discovered. [Usain Bolt](https://jamaicans.com/jamaican-usain-bolt-to-be-honored-with-bbc-sports-personality-of-the-year-lifetime-achievement-award/)discovered discrepancies in his investment accounts in which it appeared that millions of dollars had disappeared. Jamaica’s legendary Olympian Usain Bolt is one of some 30 individuals, including a current Member of Parliament, impacted by a massive fraud at the investment firm, Stocks and Securities Limited (SSL).

Reports out of Kingston, Jamaica that global sports icon Usain Bolt may have lost millions of dollars from his account with an investment firm in that ...

The Securities Commission of The Bahamas said it had shifted the cryptocurrency into its own digital wallets “for safekeeping”. As former chair of our Financial Services Commission (FSC) Avinash Persaud disclosed that FTX had sought permission to register the company here but was turned down by the local regulator. This too comes after The Bahamas financial services sector was plunged into the global spotlight following the spectacular collapse of international cryptocurrency exchange firm FTX, which was registered there.

The Financial Services Commission (FSC) is today taking temporary management of the fraud-hit investment firm, Stocks and Securities Limited.

The Gleaner reported today that SSL was flagged in 2017 by staff of the FSC for a “culture of non-compliance and mismanagement of client funds.” The FSC said the latest step follows the appointment of Tomlinson as special auditor, effective January 13, and "further supports the FSC in its enhanced supervisory oversight of SSL". The Financial Services Commission (FSC) is today taking temporary management of the fraud-hit investment firm, Stocks and Securities Limited.

Declaring that Usain Bolt should not be given preferential treatment over other investors whose monies have reportedly been embezzled at Stocks and.

so what are you saying, that Usain Bolt is so special that they should speak out in his case but not in the case of the other fellow Jamaicans who were previously defrauded?” “The fact of the matter is people get scammed everyday and bolt is just another one. In the other cases, neither the Prime minister or the Minister of Finance said a word. This is a private entity and the investigations are ongoing. We Need To Hear From The Prime Minister And The Minister Of Finance, Assuring Us That Jamaicans Are Safe To Invest In Jamaica!! “Many ppl with disabilities, old age etc in the USA etc lose their homes and end up taking their own life all because of Jamaican scammers. “This is not a political issue. But I do wish that the ordinary hardworking people, who have toiled to build this country, who are defrauded of their little earnings monthly n fortnightly, would be given the same consideration,” one commenter stated . and that’s y the society is horrible as it relates to stealing,” another commenter mused. They’re all heroes investing in our country,” he noted, adding later on his Instagram page: “Not all heroes are known. Mary native stated in responding to the post on Instagram. Nigel Clarke ought to release a statement regarding the scam against Usain, in which the track icon was fleeced of approximately US$10 million (J$1.5 billion).

Finding himself stuck in a scam and bearing a loss of millions of dollars, Usain Bolt and his disheartened fans lamented over social media.

Jamaica has failed,” and “Usain could’ve chosen to live anywhere in the world, yet he chose to stay and invest in his country and this is how they repay him? The History Evil….What is the Root?…MONEY #CrypticWorld”. ADVERTISEMENT However, they recently entered troubled waters after reports of fraudulent practices. Recently, Bolt noticed discrepancies in his investment account and has been knee-deep in investigating the scam. Track and field star

Olympic athlete Usain Bolt has lost almost $10 million from his personal savings this month, due to an internal SSL scam.

Previously, the Financial Services Commission (FSC) did report that the SSL was accused of unauthorized sales in the past, also according to Essentially Sports. Bolt shared a tagged [Instagram photo](https://www.instagram.com/p/ClRTeBCLX7s/?utm_source=ig_web_copy_link) supporting the brand in November last year, wearing a black, coral and turquoise sweatsuit with golden yellow color-blocked sneakers (which are currently unavailable) from the brand. Though there were initial suspicions raised in August 2022, the scammer was not caught — and the potential recovery of the stolen assets is unknown at this time.

The Mykhaylo Mudryk coverage continues to be absolutely mental as he is now almost as fast as Usain Bolt and costs more every day...

That’s like saying a horse is ‘almost as fast as’ a cheetah. Not having that 36.6km/h is ‘almost as fast as’ 44.72km/h. We don’t recall anybody ever saying that Walker is ‘almost as fast as Usain Bolt’. He does repeatedly refer to ‘an astonishing £88million transfer to Chelsea’ that makes us shift uncomfortably in our seat; never once does he mention that Chelsea are actually only paying £62m unless Mudryk is a significant success. What actually happened – as REVEALED by the Shakhtar CEO – is that Arsenal and Chelsea offered the same numbers but they were structured differently. But it neatly does its job of suggesting that Arsenal had a deal arranged with Shakhtar but then were somehow ‘hijacked’ as a result of Chelsea taking a private jet and giving the Gunners no time to renegotiate.

Usain Bolt has reportedly been defrauded by a wealth advisor who cost the sprinting legend $10 million in retirement savings.

The 36-year-old is broadly considered the fastest man of all time. Bolt’s team originally requested a meeting with SSL in December after noticing a discrepancy in his financial portfolio. Bolt is among over 30 people who have reportedly been victimized by the nefarious actions of a wealth advisor at SSL.

The world record-holder had $10 million invested with Jamaican firm Stocks and Securities Limited, which lost a total of $1.2 billion from over 30 accounts ...

[Forbes](https://www.forbes.com/profile/usain-bolt/?sh=2614b88bc805) listed him as the 45th highest paid athlete in 2018, but he has not appeared on the list since. The total losses add up to more than $1.2 billion, as reported by [Jamaica Observer](https://www.jamaicaobserver.com/news/1-2-b-fraud/). [launched an investigation](http://www.fscjamaica.org/fsc-news/news-articles/news-480.html) into potential fraud not only in Bolt’s case but also in the case of over 30 other alleged victims. Suspicious transactions had effected some of the accounts for over a decade. But on January 11, Bolt’s financial team noticed discrepancies in his account with Jamaican investment firm Stocks and Securities Limited (SSL). [Usain Bolt](https://www.runnersworld.com/news/a32596198/usain-bolt-kasi-bennett-baby-girl/), 36, has amassed a sizable fortune from his athletic pursuits.

Jamaican wealth management firm Stocks and Securities Limited (SSL) has reportedly lost more than $1.2 billion to employee fraud -- including Usain Bolt's ...

Another Jamaican government regulator involved with the investigation said this week that transactions of a suspicious nature had been going on for over 10 years. Are You Asking It Already? [investment](https://www.jamaicaobserver.com/news/ssl-fraud-deepens/) was a little less than $10 million. [Jamaica Observer](https://www.jamaicaobserver.com/news/bolt-bombshell/), and had alerted authorities. He holds [The Gleaner](https://jamaica-gleaner.com/article/news/20230112/millions-missing-usain-bolts-account-investment-firm-ssl) outlet.

Just last week, it was reported that the worlds fastest man, Usain Bolt was a victim of massive fraud in Jamaica.

Reportedly, the company was unaware that Bolt was impacted by the fraud. As per the report, the sprinting legend is believed to have invested just slightly less than $10 million. Currently, the legend is worried that all the investments he made in Stocks and Securities Limited ( [SSL](/definition/secure-sockets-layer-ssl)) are missing and even the recovery of his funds remains unsure.

Usain Bolt has reportedly been frauded out of millions of dollars from an investment account he has in his home country of Jamaica.

“The Gleaner has learnt that a former employee at SSL has been implicated in a massive fraud at the entity, including the missing sums from Bolt’s accounts,” they wrote. [Bolt’s](https://thecomeback.com/tag/usain-bolt) lawyers have demanded payment of under $13 million within the next ten days. A former employee at SSL is reportedly involved in the case also.

The legal team for retired sprint king Usain Bolt has given Stocks and Securities Limited (SSL), a company holding investments for the eight-time Olympic ...

Ever walked on the bottom of the sea? Since then, the SSL management has said that they have taken steps to secure assets in its control and strengthened internal protocols to detect suspicious activity in the shortest time possible. According to Robinson, Jamaicans have become concerned about the safety of their funds at these institutions. If you are craving some time alone and self-care, a massage is a great option. Everyone has been angry at some point in their lives. In a letter to SSL dated January 16, 2023, the authenticity of which was verified by Loop News on Tuesday, the law firm of Frater, Binns and Gordon told SSL that Bolt’s account contained in excess of US$12 million (J$1.8 billion) as at October 31, 2022.

Usain Bolt had J$2 billion in his account on October 31, 2022 while the amount became J$1.8 million on January 11, 2023.

Usain Bolt's substantial investment at Stocks and Securities Limited (SSL) in Jamaica seems to be lost. Usain Bolt had J$2 billion in his account on October 31, 2022 while the amount became J$1.8 million on January 11, 2023.

Jamaican sprint legend and world's fastest man Usain Bolt has been wiped out of his savings after a scammer took around $10 million of his money.

The FSC says it is "aware of reports of allegations of fraud" that SSL has been facing. In a letter sent to SSL on January 16, Bolt's lawyer Linton Gordon threatened legal action if the money owed to Bolt was not returned within ten days, as per Mint. As per the report, Jamaican Financial Services Commission (FSC) has launched an inquiry and the investment company has been placed under supervision. SSL has also declared that its officials failed to catch the scammer. Currently, the living legend is worried that all the investments he made in Stocks and Securities Limited (SSL) are missing. As per the report, Bolt is believed to have invested just slightly less than $10 million.

Jamaican sprint legend Usain Bolt has reportedly lost his retirement investments estimated at over Sh1.2 billion after a fraudster wiped his account clean.

The employee suspected of involvement was still employed by the company up to last Wednesday. • The employee suspected of involvement was still employed by the company up to last Wednesday. • It said SSL issued a statement Thursday last week saying it is aware the fraudulent activity was orchestrated by a former employee.

With millions of dollars lost to a scam, GOAT Usain Bolt now remains with just a 4-digit amount in his retirement fund.

The History Evil….What is the Root?…MONEY #CrypticWorld” the star wrote, referring to his loss. After losing an estimated $9,998,000, the athlete expressed his shock and betrayal on his social media as well. Before the scam came to light, the athlete’s team received prior information about the discrepancy. According to Jamaica Observer, what was supposed to be around a $10 million investment was all swiped up, leaving behind only a couple thousand dollars. ADVERTISEMENT Beyond a lush life and fame, athletes always acknowledge their journey and hardships that brought them success.