Usain Bolt’s Lawyers Raise Alarm Over Staggering Amount Missing From Olympic Champion’s Account

Usain Bolt’s Lawyers Raise Alarm Over Staggering Amount Missing From Olympic Champion’s Account

  • Usain Bolt has reportedly discovered huge funds are missing from his account
  • The legendary sprinter’s lawyer has threatened that the funds must be returned
  • It is believed the account had $12.8-million at one point but now holds only $12k

One of the lawyers of former Jamaican sprinter, Usain Bolt has disclosed that over $12.7-million is missing from his account with a private investment firm.

Linton P Gordon, who is a lawyer for Bolt, made this disclosure in a letter to the Associated Press, sent to Stocks & Securities Limited.

Gordon has demanded that the funds be returned, adding that just $12,000 is left in the athlete's account from a balance of $12.8-mil.

Usain Bolt, Olympics, Associated Press, Stocks & Securities Limited
Usain Bolt’s lawyers lament a missing $12.8-million from the legendary sprinter's account. Photo: Alex Davidson.
Source: Getty Images

Part of the letter reads, as per Guardian:

Exciting feature: Check out news exactly for YOU ➡️ find "Recommended for you" block and enjoy!

Read also

Juventus name new board with club facing legal challenges

“If 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.”

The legal practitioners have threatened that civil and criminal action will be taken if the funds are not returned within 10 days.

It is believed that Stocks & Securities Limited did not immediately respond to a request for comment.

However, the company wrote on its website:

“We 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.”

The firm had earlier stated that it had discovered the fraud earlier this month, and that several of its clients may be missing millions of dollars from their investments.

How Usain Bolt lost millions

Read also

Peter Schmeichel defends Man Utd presence in Davos

Take a moment and imagine any investment you have - be it monetary or emotional - and then imagine one day it vanishes.

This is the shocking predicament facing Usain Bolt, the multiple time Olympic and World champion athlete, according to latest reports.

It has been claimed that the Jamaican sprint legend's accounts of more than 10-million US dollars have been wiped clean, with only 2,000 USD left in the investment firm account.

Source: Sports Brief News

Tags: