Usain Bolt alleges nearly all of $12+ million in private investment account wiped after 'serious act of fraud'
FOX NewsJUL 2023
This case has already damaged SSL's reputation and it risks affecting Jamaica's entire financial system as it faces a growing trend of young professionals defrauding their employers. If even a national hero like Bolt cannot trust the country's institutions, regular depositors are likely to become anxious and cause a bank run.
Yes, there are questions still to be answered but the public must be sure that Jamaica's government will be fully transparent and leave no stone unturned in this fraud probe. The FSC and its decisions will be included in the investigation, as the Commission raised issues about SSL's culture of non-compliance and mismanagement of clients' funds in 2017 but took little action.