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Usain Bolt threatens to sue a private investment firm in Jamaica after more than £10M disappeared from his account containing his life savings, leaving the eight-time Olympic gold medalist with just £9,700
- Olympic legend Usain Bolt threatens to sue a private investment firm
- It comes after more than £10 million disappeared from his savings account
- His lawyers say he was left with £9,700 after the ‘distressing’ news
Usain Bolt threatens to sue a private investment firm in Jamaica after more than £10m disappeared from his account.
Lawyers for the eight-time Olympic gold medalist say a balance check earlier this month revealed he had been left with just £9,700 after what they described as a possible act of fraud.
It was reported in Jamaica that the retired speedster, whose season earnings were estimated to be more than £20m when he was active, gave the company 10 days to repay the money.
Olympic legend Usain Bolt threatens to sue private investment firm in Jamaica
The eight-time gold medal winner has seen £10m disappear from his savings account.
Linton P Gordon, Bolt’s lawyer, said: “The account was part of Bolt’s retirement and life savings.
“This is worrying news for anyone, and certainly for Mr Bolt, who opened this account as part of his private pension.”
He added: “If this is correct, and we hope it is not, then either a serious act of fraudulent theft or a combination of both has been committed against our client.”
Several clients of Stocks & Securities Limited are said to have reported a lack of funds. The firm says the Jamaica Financial Services Commission is investigating.
Usain Bolt, pictured in a private jet, is estimated to have a net worth of around £70 million.