Usain Bolt’s attorneys stated on Wednesday that more than $12.7 million from his account with a Jamaican private investment firm, which authorities are looking into, is missing. Bolt is one of the best sprinters in history.
The Associated Press received a copy of a letter issued to Stocks & Securities Limited requesting the money’s return from attorney Linton P. Gordon. Gordon claimed that Bolt’s account formerly showed a balance of $12.8 million but now only shows a balance of $12,000.
Bolt’s lawyers write in the letter, “If this is correct, and we hope it is not, then a severe crime of fraud, robbery, or a combination of both have been committed against our client. They risk legal and criminal action if the money is not returned within ten days.
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An inquiry for comments was not immediately answered by Stocks & Securities Limited. The business requested that customers submit any urgent questions to the Jamaican Financial Services Commission, which is looking into the company, on its website.
The business said: “We recognize that customers are eager to learn more, and we at this moment reassure you that we are closely monitoring the problem throughout all necessary processes and will advise our customers of the outcome as soon as such information is available.
The business has stated that several of its clients may be missing millions of dollars and that it detected the theft earlier this month. Nigel Clarke, the finance minister for Jamaica, described the situation as alarming but added that it was exceptional.
It’s easy to disbelieve our financial institutions, but he urged against tarring an entire hard-working sector with the same brush as a handful of highly dishonest people.
Bolt’s attorneys delivered the letter on Monday, the same day the Jamaican Financial Services Commission revealed it had appointed a special auditor to examine fraud claims against Stocks & Securities Limited, a company with its headquarters in Kingston.
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Financial regulators said on Tuesday that they would take over the temporary operation of the private investment company. Although it is permitted to continue operating, any transactions require government authorization. Bolt, who retired in 2017, holds the 100-meter, 200-meter, and 4×100-meter world records.
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