(CMR) Jamaica sprint legend Usain Bolt is allegedly fearful he may not be able to recover just under US$10 million invested for retirement after the money disappeared from his account at Stocks and Securities Limited (SSL).
Bolt is among more than 30 people whose investments at SSL were stolen by a wealth advisor, a former employee. Over 1.2$ billion was reportedly stolen.
A source told Jamaica Observer that of the almost US10 million invested by the former athlete, only US$2,000 remained in the account.
Following initial internal investigations, SSL “referred the matter to the relevant law enforcement authorities to facilitate a thorough and complete examination of all aspects of the matter.”
“To ensure this, we have taken steps to secure those assets and strengthened internal protocols to detect suspicious activity in the shortest time possible,” the company said.
Unconfirmed reports are that the employee stole the money and used it to pay for a relative's surgery overseas. However, there are speculations that the theft involved more than one person.
Bolt is one of the highest-earning track and field athletes of all time, earning a reported 33 million dollars in 2016 alone. In 2018, Bolt was listed as the 45th highest-paid athlete in the world, according to Forbes.
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