Jamaica Investigates Missing Millions from Usain Bolt’s Reports

• Jamaican financial officials have opened an investigation.
• Millions of money were reported missing from Bolt’s account.
• Bolt retired from sports in 2017.

After claims that eight-time Olympic gold medalist Usain Bolt may have lost millions due to large-scale fraud, Jamaican financial officials have opened an investigation into a company holding investments for him.

Stocks & Securities Ltd, a private wealth management firm situated in Kingston, has been placed under “increased control” while the Financial Services Commission (FSC) investigates.
Nugent Walker, Bolt’s manager, told The Gleaner newspaper that the former sprinter has been investing with the company for over a decade.

Millions of money were reported missing from Bolt’s account, according to the newspaper.

“All the relevant steps have been taken to come to the bottom of this,” Walker told the news outlet, saying the athlete had noticed discrepancies with his account on Wednesday. “He’s been with this entity over 10 years … His entire portfolio is being reviewed.”

Bolt retired from sports in 2017 following a career that featured eight Olympic gold medals as well as 11 World Championship wins.

He shot to international prominence in 2008, when he won the 100m and 200m sprints, breaking new world records in both categories.

The Jamaican went on to win both races in the 2012 London Olympics and the 2016 Rio Olympics.

Bolt’s 100m time of 9.57 seconds, set in Berlin in 2009, still stands as the world record, and he also has the quickest 200m time.
In 2018, he made his first appearance as a professional player in a pre-season friendly with Australia’s A-League club Central Coast Mariners.

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