Probe opened as Bolt’s millions feared missingArchive
MIAMI: Jamaican financial authorities have launched an investigation into a company holding investments for eight-time Olympic gold medallist Usain Bolt after reports that he may have lost millions to large-scale fraud.
Jamaica’s Financial Services Commission said in a statement that it had placed the firm, Stocks and Securities Limited, in “enhanced oversight” while it conducts the probe.
Bolt’s manager Nugent Walker told Jamaica Gleaner that the retired sprinter, one of the greatest athletes, has had investments with the company for over a decade.
“All the relevant steps have been taken to come to the bottom of this,” Walker told the paper, saying the athlete had noticed discrepancies with his account on Wednesday.
Published in Dawn, January 15th, 2023