How over $12 million disappeared from Usain Bolt’s account
Usain Bolt is a Jamaican retired sprinter and considered the greatest sprinter of all time. He is the first man to hold both the 100 meters and 200 meters world records since fully automatic time measurements became mandatory in 1977. Along with his teammates, he also set the world record in the 4×100 meters relay. He is the only sprinter to win Olympic 100 m and 200 m titles at three consecutive Olympics (2008, 2012 and 2016).
Bolt’s dominance in sprinting began at the 2008 Beijing Olympics, where he won gold in the 100m, 200m, and 4x100m relay. He set a new world record in the 100m with a time of 9.69 seconds, and also set a new Olympic record in the 200m with a time of 19.30 seconds. He also led the Jamaican 4x100m relay team to a new world record of 37.10 seconds.
At the 2012 London Olympics, Bolt again swept the sprinting events, winning gold in the 100m, 200m, and 4x100m relay. He successfully defended his Olympic titles and set a new Olympic record in the 100m with a time of 9.63 seconds. In the 200m, he set a new Olympic record of 19.32 seconds, becoming the first man in history to set three consecutive Olympic records in the event.
Bolt continued his success at the 2016 Rio Olympics, where he won his third consecutive gold medals in the 100m, 200m, and 4x100m relay. He became the first man in Olympic history to win three consecutive gold medals in the 100m, 200m, and 4x100m relay. He retired after the 2017 World Championships held in London.
Bolt’s success on the track was not only due to his physical talents, but also his mental approach to the sport. He was known for his relaxed and confident demeanor, often smiling and joking with his competitors before a race. He also had a unique pre-race routine, in which he would listen to music and dance to help him relax and get into the zone.
Off the track, Bolt is also known for his philanthropy and charity work. He has worked with the Usain Bolt Foundation, which focuses on improving the lives of children in Jamaica through education and sports. He has also supported various other charitable causes, including disaster relief efforts and support for underprivileged children.
In conclusion, Usain Bolt is a true legend in the world of track and field, setting numerous records and winning numerous medals throughout his career. Not only was he a dominant force on the track, but he was also a positive influence off the track through his philanthropy and charity work. He will be remembered as one of the greatest athletes of all time.
Usain Bolt, one of the greatest Olympic sprinters, has lost more than $12.7 million in an alleged scam, according to his lawyer.
The money is missing from the Olympic sprinting legend’s account with a private investment firm in Jamaica. His lawyer has threatened civil and criminal action if the amount is not returned within 10 days, Associated Press (AP) reported on Thursday (19 January).
How did the Jamaican Olympic sprinter lose millions? What are the latest developments in the case? Let’s take a closer look.
Usain Bolt ‘loses’ millions
As per a letter sent to Kingston-based investment firm, Stocks & Securities Limited (SSL), on 16 January, Bolt’s account had $12.8 million but now reflects a balance of only $12,000.
The letter provided by Linton P Gordon, a lawyer for Bolt, to AP says, “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”.
Financial authorities in Jamaica said earlier they have initiated a probe and appointed a special auditor to look into the allegations of fraud at the private wealth management company.
Jamaica’s Financial Services Commission (FSC) had said last week they are inspecting all transactions at SSL.
On Tuesday, FSC said it was assuming temporary management of the company, as per Jamaica Observer. SSL can operate but will need approval from the government to carry out any transactions.
Meanwhile, the investment company has urged its clients to direct all queries to FSC.
“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,” the company said on its website.
Jamaica Observer reported that SSL had said in a statement last Thursday that it had “become aware of fraudulent activity by a former employee of the company”.
The Gleaner reported last week that the SSL employee may have been involved in the fraud surrounding Bolt.
A lawyer of the employee in question told The Gleaner that her client had been in touch with legal representatives of the private investment firm for two weeks.
“My client is in discussion with SSL and the lawyers representing SSL,” she said, as per The Guardian.
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While Bolt has not yet addressed the issue in public, he has put out cryptic tweets.
“A time to keep ……. and a time to speak; A time of war, and a time of …..” the retired sprinter said on Wednesday.