AgenciesJamaican sprint legend Usain Bolt has been wiped out of his retirement money after a scammer took around $10 million leaving the world’s fastest man with almost nothing, a report by Jamaica Observer has stated. Currently, the legend is worried that all the investments he made in Stocks and Securities Limited (SSL) are missing and even the recovery of his funds remains unsure.
On January 16, it was reported that Bolt had opened an account with a local Jamaican investment company, SSL in 2012 but never made a withdrawal since then. As per the report, the sprinting legend is believed to have invested just slightly less than $10 million. However, a source revealed to the media outlet that he is now left with only $2,000.
Bolt is one among over 30 people who are believed to be a victim of fraud and whose SSL investments are believed to have been wiped out by a wealth adviser. As per the report, Jamaican Financial Services Commission (FSC) has launched an inquiry and the investment company has been placed under supervision.
Starting from humble beginnings, Bolt’s entire savings from his career is gone. SSL has also declared that its officials failed to catch the scammer. Reportedly, the company was unaware that Bolt was impacted by the fraud.
On January 16, it was reported that Bolt had opened an account with a local Jamaican investment company, SSL in 2012 but never made a withdrawal since then. As per the report, the sprinting legend is believed to have invested just slightly less than $10 million. However, a source revealed to the media outlet that he is now left with only $2,000.
Bolt is one among over 30 people who are believed to be a victim of fraud and whose SSL investments are believed to have been wiped out by a wealth adviser. As per the report, Jamaican Financial Services Commission (FSC) has launched an inquiry and the investment company has been placed under supervision.
Starting from humble beginnings, Bolt’s entire savings from his career is gone. SSL has also declared that its officials failed to catch the scammer. Reportedly, the company was unaware that Bolt was impacted by the fraud.
FAQs:
- Who is Usain Bolt?
Jamaican Sprinter who holds world records in the 100 metres, 200 metres, and 4 × 100 metres relay. - How old is Usain Bolt?
36 years
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