Usain Bolt missing $12 million, attorneys say, demanding return

Usain Bolt
Usain Bolt

Attorneys representing Usain Bolt demanded that a missing $12 million be returned to Bolt by Jan. 27, according to a letter sent to a Jamaican investment firm.

In the letter to Stocks and Securities Ltd. (SSL), an attorney wrote that Bolt’s account with SSL had $12,750,181.74 on Oct. 31, 2022. The balance is now $12,047.65, but Bolt has not made a withdrawal or transfer, according to the letter.

“We are now frighteningly instructed that mysteriously our client’s said account has been depleted,” the attorney wrote. “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 attorney wrote in Monday’s letter that, if the $12 million is not paid to Bolt within 10 days, legal action will be taken.

Last week, SSL said it became aware of fraudulent activity by a former employee, according to Jamaican media, which reported that Bolt wasn’t the only person whose account was affected.

SSL’s website states, “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.”

Last week, the Jamaica Financial Services Commission announced an investigation after “reports of allegations of fraud” at SSL. Then on Tuesday. the FSC said it assumed temporary management of SSL.

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Usain Bolt missing $12 million, attorneys say, demanding return originally appeared on NBCSports.com