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Attorneys: Usain Bolt Lost $12M In Alleged Scam

  • #Jamaica
  • #Finance
  • #Fraud and swindling
  • #Sports
  • #Money
story
JAN 2023
Image copyright: Reuters [via Business Insider]
story last updated JAN 2023

The Spin

Narrative A

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.

Our Today

Narrative B

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.

Jamaica Observer

Articles on this story

Usain Bolt alleges nearly all of $12+ million in private investment account wiped after 'serious act of fraud'
FOX NewsJUL 2022
Olympic sprinter Usain Bolt has discovered a mysterious $12 million hole in his bank account
Business InsiderJUL 2022
Usain Bolt has $12.7 million missing from Jamaican account, per report
CBSJUL 2022
Attorneys: Jamaica’s Usain Bolt missing $12.7 million from account
USA TodayJUL 2022
Usain Bolt wants to know where his missing $12 million went
Washington PostJUL 2022
Olympic icon reveals sum allegedly stolen from investment account
RTJUL 2022
Usain Bolt missing $12 million in alleged ‘serious act of fraud’
New York PostJUL 2022
Who ran away with Usain Bolt's millions? Jamaican officials launch sweeping probe
Daily MailJUL 2022
Usain Bolt is missing more than $12.7m from investment accounts, say lawyers
IndependentJUL 2022
Usain Bolt reportedly missing millions from investment accounts
IndependentJUL 2022
Usain Bolt reportedly missing $12.7 million from investment account in Jamaica
CNNJUL 2022