NewStats: 3,263,345 , 8,179,848 topics. Date: Thursday, 05 June 2025 at 03:13 PM o6m5r

Jamaican financial authorities have launched an investigation into a company holding investments for eight-times Olympic gold medalist Usain Bolt after reports that he may have lost millions to large scale fraud.
Jamaica’s Financial Services Commission (FSC) said in a statement that it had placed the firm, Stocks and Securities Limited (SSL), in “enhanced oversight” while it conducts the probe.

Bolt’s manager Nugent Walker told the Jamaica Gleaner newspaper that the retired sprinter, one of the greatest athletes of all time, has had investments with the company for over a decade.

“All the relevant steps have been taken to come to the bottom of this,” Walker told the paper, saying the athlete had noticed discrepancies with his on Wednesday.

“He’s been with this entity over 10 years… His entire portfolio is being reviewed,” he added.

The newspaper said millions of dollars were reported missing from Bolt’s . Walker was not immediately available for comment.

SSL did not respond to calls made to their office on Friday.

The FSC said it was “aware of reports of allegations of fraud at one of its licensees, Stocks and Securities Limited (SSL).”

“The FSC has issued Directions to SSL. These Directions which were dispatched to the company on Thursday January 12, 2023 are a supervisory tool to allow the FSC to engage an entity in a process of enhanced oversight,” the body said in their statement.

The FSC said the oversight process would allow them to have a “full view of the integrity of the transactions being conducted, including the movement of funds, and of securities into and out of SSL.”

“The FSC will simultaneously continue its investigations into matters related to SSL,” they added.

Bolt retired from athletics in 2017 after a stellar career which in addition to eight Olympic golds included 11 World Championship gold medals.

Bolt sprung to global fame at the Beijing Olympics in 2008 when he won the 100m and 200m sprints, setting new world records in both races.

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

Bolt’s 100m time of 9.572, set in Berlin in 2009, remains the world record and he also retains the fastest time in 200m.

AFP

https://punchng.com/millions-missing-from-usain-bolts--jamaica-launches-probe/?amp

Yahoo boiz @ work

Okay

No joy in the streets.

May insecurities happening all over the country never elude any human or beast still ing apc

Is it Zenith Bank?

Wahala

Many financial institutions are no longer secure for investment . I hope he gets his fund back

Vote #obidatti

Street!!

I see Jamaica as a country with African mentality, no surprises

Jestin:
Y

Because the money don borrow Usian’s legs.

Owo plenty. Make he still do small giveaway

million dollar ?? Omo I fit manya...

Men dan run am street ...

May Weather be careful...

Lol

They’ve finally opened this guy’s book..

R-kelly own has been settled..

White man’s world like 2pac said..

Yahoo boys ooooo

Criminal are in top gear

Someone labored, invested and retired, you're now saying his money dissolved in questionable circumstances.

Na for all those wey dey involved to buy caskets o

Nah Everywhere like MTN. Dem stole 4M from a lady here and Usain too .I nor go close my bank Now and hide am for house

ogub:
Criminals are in top gear

Sad

Hope they don't have APC urchins in Jamaica. Those people are criminals

Uhmm

mbahdi:
May insecurities happening all over the country never elude any human or beast still ing apc

it will kill u igbos first

Now,e don come retire

Someone would just agree it's such a life to rip off others that's he/she is only fit for.

Man, wtf, they're countless others having it rougher and they still continue trying to forge ahead, and will never indulge in such rubbish.

Do people still keep millions in the bank?