Usain Bolt loses $12 million of life savings in scam
Linton P Gordon, a lawyer for Bolt, has claimed that the Jamaican’s account once had $12.8 million (£10m), but now reflects a balance of only $12,000 (£9,700), money that was supposed to fund his retirement.
Gordon sent a letter to Stocks & Securities Limited on Monday (January 16) and later a copy to the Associated Press which states that if the money is not returned within 10 days, the company will face civil and criminal action.
In the letter, Gordon said: “If [the new balance] is correct, and we are hoping it is not, then a serious act of fraud, larceny or a combination of both have been committed against our client.”
Stocks & Securities Limited have asked that clients pass all questions on to Jamaica’s Financial Services Commission as it continues its investigati...
