ADVERTISEMENT
  • About Us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions
Saturday, June 10, 2023
No Result
View All Result
NEWSLETTER
Cayman Marl Road
  • Home
  • CMR Daily Buzz
  • Cayman’s Youth
  • Parliament
  • Live Show
  • COVID-19
  • Election 2021
  • Legal Notices
  • Entertainment
    • All
    • Events
    • Music
    Hundreds attend Cayman Art Week

    Hundreds attend Cayman Art Week

    Actor who lived in the Cayman Islands gives up major role after scandal

    Armie Hammer will not face sexual assault charges

    London-based designer partners with local star for Art Week

    London-based designer partners with local star for Art Week

    Mobsta apologizes to fans

    Mobsta apologizes to fans

    Cayman to send first representative to Miss Supranational

    Cayman to send first representative to Miss Supranational

    PhotoVlog: Taste of Cayman 2023

    PhotoVlog: Taste of Cayman 2023

    Taste of Cayman goes digital

    Taste of Cayman goes digital

    Caymanian actress Grace Byers gives birth to baby boy

    Caymanian actress Grace Byers gives birth to baby boy

    Is Dancehall artist Spice pregnant?

    Dancehall artist Spice is not pregnant

  • Lifestyle
    • All
    • Food
    • Health
    • Medical Experts
    Health Ministry names incoming Chief Medical Officer

    Vaccine restrictions lifted for permit holders

    Health City partners with Tomlinson Furniture for Sleep Lab upgrade

    Health City partners with Tomlinson Furniture for Sleep Lab upgrade

    2,000 vaccines arrive for children 5-11

    Alzheimer’s Association gets $50,000 grant

    COVID-19 mandates return to Cayman as community cases confirmed

    HSA makes changes to visitation policy 

    First patients receive radiotherapy at Health City’s Oncology Centre

    First patients receive radiotherapy at Health City’s Oncology Centre

    Teens access ganja edibles through Bento App

    Teens access ganja edibles through Bento App

    Hospital on lockdown following mass shooting

    HSA awarded Joint Commission Gold Seal for safety and patient care

    Alex Panton Foundation hires two young Caymanians

    Alex Panton Foundation hires two young Caymanians

    Vaccinated primary contacts can now continue business as usual

    WHO declares end to COVID global health emergency

    MRCU aerial spraying to resume this week

    MRCU aerial spraying to resume this week

    Trending Tags

  • Home
  • CMR Daily Buzz
  • Cayman’s Youth
  • Parliament
  • Live Show
  • COVID-19
  • Election 2021
  • Legal Notices
  • Entertainment
    • All
    • Events
    • Music
    Hundreds attend Cayman Art Week

    Hundreds attend Cayman Art Week

    Actor who lived in the Cayman Islands gives up major role after scandal

    Armie Hammer will not face sexual assault charges

    London-based designer partners with local star for Art Week

    London-based designer partners with local star for Art Week

    Mobsta apologizes to fans

    Mobsta apologizes to fans

    Cayman to send first representative to Miss Supranational

    Cayman to send first representative to Miss Supranational

    PhotoVlog: Taste of Cayman 2023

    PhotoVlog: Taste of Cayman 2023

    Taste of Cayman goes digital

    Taste of Cayman goes digital

    Caymanian actress Grace Byers gives birth to baby boy

    Caymanian actress Grace Byers gives birth to baby boy

    Is Dancehall artist Spice pregnant?

    Dancehall artist Spice is not pregnant

  • Lifestyle
    • All
    • Food
    • Health
    • Medical Experts
    Health Ministry names incoming Chief Medical Officer

    Vaccine restrictions lifted for permit holders

    Health City partners with Tomlinson Furniture for Sleep Lab upgrade

    Health City partners with Tomlinson Furniture for Sleep Lab upgrade

    2,000 vaccines arrive for children 5-11

    Alzheimer’s Association gets $50,000 grant

    COVID-19 mandates return to Cayman as community cases confirmed

    HSA makes changes to visitation policy 

    First patients receive radiotherapy at Health City’s Oncology Centre

    First patients receive radiotherapy at Health City’s Oncology Centre

    Teens access ganja edibles through Bento App

    Teens access ganja edibles through Bento App

    Hospital on lockdown following mass shooting

    HSA awarded Joint Commission Gold Seal for safety and patient care

    Alex Panton Foundation hires two young Caymanians

    Alex Panton Foundation hires two young Caymanians

    Vaccinated primary contacts can now continue business as usual

    WHO declares end to COVID global health emergency

    MRCU aerial spraying to resume this week

    MRCU aerial spraying to resume this week

    Trending Tags

No Result
View All Result
Cayman Marl Road
No Result
View All Result

Usain Bolt fears losing retirement funds

by Renae Stampp
January 16, 2023
in Regional News
0
Usain Bolt fears losing retirement funds
124
SHARES
Share on FacebookShare on TwitterShare on Whatsapp

(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.

Related posts:

8-y-o abducted, throat slashed in Jamaica
Flight attendant held with cocaine at Jamaica airport
Bermuda implements a US$16.40 minimum wage
Former BVI Premier to stand trial alone in narcotics case
Share your vote!


No, thanks.
How do you feel after reading this?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid
Tags: fraudUsain Bolt
Renae Stampp

Renae Stampp

A regional writer with almost 10 years of experience working in various news media including two major media houses in Bermuda and Jamaica. Renae provides professional content for our regional and international audience.

Related Posts

8-y-o abducted, throat slashed in Jamaica

by Renae Stampp
June 8, 2023
0

(CMR) An eight-year-old Jamaican girl is hospitalized after she was reportedly abducted from school and her throat slashed Thursday afternoon,...

Flight attendant held with cocaine at Jamaica airport

Flight attendant held with cocaine at Jamaica airport

by Renae Stampp
June 8, 2023
0

(CMR) A 47-year-old American flight attendant was arrested on Tuesday for attempting to smuggle a quantity of cocaine through Sangster...

Bermuda implements a US$16.40 minimum wage

Bermuda implements a US$16.40 minimum wage

by Renae Stampp
June 2, 2023
0

(CMR) As of 1 June 2023, all employees in Bermuda are entitled to receive a minimum hourly wage rate of...

BVI Premier’s  elderly mom tests positive for COVID-19 as cases spike

Former BVI Premier to stand trial alone in narcotics case

by Renae Stampp
June 1, 2023
0

(CMR)  Former British Virgin Islands Premier Andrew Fahie is now the only defendant fighting narcotics and money laundering charges after...

Diabetes makes a fatal heart attack more likely

Miami City bans smoking in parks and beaches

by Renae Stampp
May 30, 2023
0

(CMR) The Miami City Commission voted to ban smoking at all city parks and beaches, effective 5 June 2023. The...

20 students killed in fire at Guyana boarding school

Teen charged with 19 murders after starting fire at school

by Renae Stampp
May 29, 2023
0

(CMR) A 15-year-old girl who is accused of starting a fire at a school dormitory in Guyana last week  after...

Next Post
Barbados sugar hits Walmart shelves

Barbados sugar hits Walmart shelves

Recent News

TCHT: Political Upheaval

Motion passed to allow additional withdrawal of pension

June 9, 2023
New national lockdown for England until February

Boris Johnson steps down as MP after receiving Partygate report

June 9, 2023
Health Ministry names incoming Chief Medical Officer

Vaccine restrictions lifted for permit holders

June 9, 2023
Sammy Jackson appointed new chairman of OfReg Board

Sammy Jackson appointed new chairman of OfReg Board

June 9, 2023
Cayman business pioneer Captain Eldon E Kirkconnell has died

Cayman business pioneer Captain Eldon E Kirkconnell has died

June 9, 2023
Men armed with machete rob liqour store

Men armed with machete rob liqour store

June 9, 2023
  • About Us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions

Copyright © 2023 CMR Cayman's Premier News Source - All Rights Reserved

No Result
View All Result
  • Home
  • Ask The Marl Road
  • Breaking News
  • Business
    • Finance
  • Cayman Crime Watch
  • Cayman Small Business
  • Cayman Wellness
  • Cayman’s Youth
  • Celebration of Life
  • Community Notices/Events
    • Accidents
    • Police
    • Weather
  • Consumer Protection
    • Scammers
    • COVID-19
    • What would you do?
  • CMR Videos
    • The Cold Hard Truth
    • Cayman Voices
  • Court Cases
    • Civil
    • Criminal
  • Election 2021
  • Entertainment
    • Events
    • Music
  • Events
  • Family
    • Education
    • Fury Friends
  • Government
    • Road Closures
  • Investigative Reports
  • Legal Notices
  • Lifestyle
    • Food
    • Health
    • Medical Experts
  • Live Show
  • News Roundup
  • Opinions
    • Polls
    • Cartoons
  • Politics
    • Parliament
  • Regional News
  • Rumor Has It
  • Science
  • Social Media Happenings
    • Jackass of the Day!
    • Lost & Found
  • Sports
  • Tech News
  • Weird & Unusual News
  • World News
  • Sponsored Content

Copyright © 2023 CMR Cayman's Premier News Source - All Rights Reserved