Financial Loss For Usain Bolt As Millions Disappear From His Account


Financial Loss For Usain Bolt As Millions Disappear From His Account

According to reports, millions of dollars have gone missing from Usain Bolt's account, which has been linked to an eight-time Olympic champion. A police investigation has been launched into the reports. The case is being looked into by Jamaica's Financial Investigations Division and Financial Services Commission, and investment firm Stocks and Securities Limited (SSL) has also reportedly called the police.

According to Bolt's manager, Nugent Walker, the discrepancies in the accounts were first noticed on Wednesday, and "all the relevant steps have been taken to come to the bottom of this." However, due to the ongoing investigation, Walker could not disclose the sums involved.

He did reveal that "His entire portfolio is being reviewed."

The Gleaner newspaper reported that an SSL employee has been implicated in widespread fraud at the company, and may have been involved in the developments surrounding Bolt.

A lawyer representing the unnamed employee told the Gleaner that her client had been in discussions with legal representatives of SSL for two weeks. Usain Bolt is considered one of the greatest track athletes of all time, holding world records in the 100m, 200m and 4x100m relay.

The 36-year-old retired from competitive running in 2017 and has a number of lucrative sponsorship deals. In 2016 alone, he earned $33m from sponsorship, prize money and appearances fees, making him the highest-earning track athlete in the world.

In addition to the ongoing investigation, Bolt's financial advisors have also launched their own internal investigation to determine the cause of the missing funds. They have stated that they are working closely with the authorities and SSL to get to the bottom of the matter.

The financial loss, if proven to be true, would be a significant blow to Bolt's net worth, which has been estimated to be around $90 million. The majority of his wealth is believed to come from his numerous sponsorships and endorsement deals with companies such as Puma, Gatorade and Nissan. Bolt has also invested in several business ventures, including a restaurant and a sports academy.