February 26, 2026
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Technology

Embezzler rips off Usain Bolt to the tune of $12.7 million

World 100 and 200 meters document holder Usain Bolt is dealing with a “hectic scenario” attempting to get better greater than $12.7 million ($A18 million) that has disappeared from his account with a Jamaican funding agency.

The 36-year-old Bolt earlier this month was knowledgeable his account stability at Kingston-based Shares and Securities Ltd (SSL) had inexplicably dwindled to only $12,000 ($A17,000), lawyer Linton Gordon advised Reuters on January 17.

“It is robust , however I feel via the years I’ve competed it has helped me to grasp and deal with what issues,” Bolt advised reporters on Friday.

He was talking on the Gibson McCook Relays launch in Kingston the place he was unveiled because the ambassador of the athletics meet, now in its 50th 12 months.

Retirement nest egg

“I’ll go away the matter in my lawyer’s fingers and deal with my household, attempt to not assume an excessive amount of about it as a result of it is a hectic scenario,” the 11-time world champion added.

SSL stated in a January 12 assertion that it had develop into conscious of fraudulent exercise by a former worker and had referred the matter to regulation enforcement, including that it had taken steps to safe property and strengthen protocols.

The Jamaica Constabulary Drive stated its fraud and monetary investigation groups have been probing “alleged fraudulent actions at (SSL) that are stated to have affected the accounts of Usain Bolt amongst different people.”

Bolt’s account was meant to function a pension for the eight-time Olympic champion and for his dad and mom, Gordon stated.

Bolt retired in 2017 after dominating world sprinting for a decade, reviving a sport suffering from doping scandals and changing into a family title like Brazilian soccer nice Pele and American boxing champion Muhammad Ali.

-AAP



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