Usain Bolt Fires His Manager Over $12 Million Disappearance

Usain Bolt, a Jamaican sprinter, says he is perplexed by the disappearance of $12.7 million of his money from a local private investment firm which law enforcement is looking into as a possible element of a major fraud.

Speaking to reporters on January 27, Bolt revealed that he had sacked his business manager and added that the split was not amicable.

The former professional athlete laughed when someone asked if he was “broke”.

He said, “I’m not broke, but it’s definitely put a damper on me. It was for my future. Everybody knows I have three kids. I’m still looking out for my parents, and I still want to live very well.”

According to Bolt’s attorneys, his account with Kingston-based Stocks and Securities Limited dropped from around $12.8 million to just over $12,000.

The corporation had been given until Friday to repay the funds, after which they would take legal and criminal action.

According to attorney Linton P. Gordon, who spoke to the Jamaica Observer newspaper, the public should prepare for both the “expected and the unexpected” in this case.

He was quoted as saying, “There is nothing to say at this stage, given what is happening. We have met with persons, and we are dealing with certain matters.”

Nigel Clarke, the finance minister for Jamaica, stated earlier this week that the Financial Services Commission’s director was resigning and that the Bank of Jamaica would take over responsibility for overseeing the island’s financial system.

He claimed that the alleged scam also impacted elderly people, in addition to numerous government organizations.

“It’s always a sad situation. Definitely disappointed,” Bolt said of the elderly who were affected. “Everybody’s confused. … I’m as confused as the public.”

The FBI and other unnamed international specialists have been asked for assistance by Jamaican officials, who have also claimed that clients were given incorrect information about their balances as part of the suspected fraud.

Officials have not yet disclosed the total number of clients affected or the amount of money missing.

Bolt mentioned the suspected scam while speaking at a luncheon sponsored for an upcoming relay.

“As you all know. I’ve been going through a tough week, a few tough weeks,” he said, adding that he would continue to do everything he can to uplift his island.

“No matter what’s going on right now, Jamaica is my country. That will never change,” he said.

“I’m just trying to focus on my family and trying not to think too much about it because it’s a difficult situation.”