$12.8 Million Was Stolen From Usain Bolt’s Bank Account

Usain Bolt’s retirement funds have allegedly been depleted, after millions of dollars in savings were stolen from his bank account.

The Jamaican athlete’s lawyer, Linton P. Gordon, sent a letter to a a private investment firm in Jamaica, Stocks and Securities Ltd., which was handling the bank account. It claims the account was supposed to have $12.8 million, but shockingly only has $12,000 remaining.

RELATED: Todd & Julie Chrisley Start Jail Sentences Over Financial Crimes

“If this is correct, and we are hoping it is not,” it read. “Then a serious act of fraud larceny or a combination of both have been committed against our client.” The attorney demanded the money be returned the sprinter within 10 days. If not, then it threatens to take “civil and criminal action.”

Usain’s lawyer also gave a statement to the media, echoing the same sentiments.

“The account was part of Bolt’s retirement and lifetime savings,” he explained. “It’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension.”

“We will be going to court with the matter if the company does not return the funds,” he continued. “It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace.”

The investment firm is also under investigation by the Financial Services Commission (FSC), the principal body that regulates the financial sector in Jamaica. The FSC has also taken over temporary management of the company.

The private firm allegedly told clients to go the FSC if they had concerns over missing money.

A post shared by Usain St.Leo Bolt (@usainbolt)

Though a lawsuit hasn’t been filed yet, it’s expected the legal action will be taken if the money isn’t recovered, as per the lawyer sent by Usain’s lawyer.

The missing $12.8 million represents only a fraction of Usain’s net worth. The Olympic gold medallist reportedly has a full $90 million to his name, much of which was made thanks to sponsorships and collaborations.

A post shared by Usain St.Leo Bolt (@usainbolt)

However, Usain officially retired from sprinting in 2017 following the London World Championships.

Following his retirement, he had a brief stint with the Central Coast Mariners, an Australian professional soccer team. Since then, Usain has dabbled in music and become a first-time father, after his girlfriend, Kasi Bennett, delivered their first child in May 2020. The couple went on to welcome twin sons in July 2021.

Sources: Washington Post, PEOPLE, MSN,

Source: Read Full Article