Did Usain Bolt lose 12M$ in a fraud?

Usain Bolt reportedly lost more than $12.7 million as a result of fraud via his account with a private equity firm in Jamaica, according to a statement from his lawyers on Wednesday.

Linton P. Gordon, one of Bolt’s lawyers, said his client’s account suddenly went from $12.8 million to $12,000. Evidently, a letter has been sent to the company to reimburse the greatest sprinter of all time.

Usain Bolt missing $12 million in alleged ‘serious act of fraud’ https://t.co/TKv13CFDRd pic.twitter.com/tDTPgzdahV

— New York Post Sports (@nypostsports) January 19, 2023

“If this is accurate, and we hope it is not, then a serious act of fraud, theft or a combination of both has been committed against our client,” Bolt’s lawyers said in a letter.

If the mountain of millions is not returned within 10 days, civil and criminal proceedings will be initiated.

The company in question, Stocks & Securities Limited, offered no comment on the matter. In fact, on its website, it tells its clients “to direct all urgent matters to the Financial Services Commission of Jamaica”. It is this commission that is investigating the company.

This is certainly an alarming situation as many of the company’s customers could also lose millions, just like Usain Bolt.

Let’s hope that Bolt, who holds the world records in the 100 meters, 200 meters and 4×100 meters, will get all his millions back.