How Usain Bolt Was Scammed Sh1.5 Billion of His Life Savings

ByEdwin John Mukora
Published on: Jan 19, 2023 12:01
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Usain Bolt | Photo Courtesy

Jamaican sprint champion Usain bolt has been scammed his life savings amounting to $ 12.7 million dollars or an equivalent of 1.5 billion shillings

According to a press release by the champion’s lawyer Linton Gordon, Bolt is demanding a refund from a Jamaican investment firm stocks and securities limited. The letter stating that Bolt's account initially had 12.8 million dollars but now only $12,000 dollars reflected as a balance.

Bolt through Gordon has threatened to take the case to the Jamaicans supreme court if the money is not returned within eight days

‘If this is correct and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client “read part of Gordon’s letter

Stocks and security have not yet responded to Bolt's letter but have admitted on discovering the fraud earlier in the month and that several of its clients might be missing millions

Jamaica’s financial service commission on Wednesday said it had installed its own temporary manager after a series of fraud allegations at the financial institution

Bolt who is considered as the world's fastest man for holding the record for the 100 meters, 200 meters, and 4 x 100 meters, had established the account as part of his private pension


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