Bolt reveals millionaire fraud abatement, but guarantees ‘not to be ruined’

Former sprinter Usain Bolt spoke to the press again this Saturday during lunch with sponsors in Kingston, capital of Jamaica, and gave more details about the embezzlement he suffered in his accounts involving a case of fraud at the investment company Stocks and Securities Limited (SSL). When asked about his financial situation, he was blunt. “No, I’m not ruined,” the former athlete told the Jamaica Observer newspaper.

The multiple Olympic champion warned that he felt the blow, but assured that he still has enough resources to continue taking care of his three children and their parents. The gap was almost R$ 65 million.

“It definitely affected me. It’s always going to be a sad situation for anyone to lose what they’ve worked so hard for. This is a sad state of affairs, and I am very disappointed. I’m just trying to focus on my family, and trying not to think about it too much, because it’s a stressful situation. It was for my future. Everyone knows that I have three children and I take care of my parents. I also want to live well”, added Bolt to the Jamaican newspaper.

Bolt was just one of those involved in the Stocks and Securities Limited fraud. Other people, mainly the elderly, were also affected. Jamaica called the FBI, the main investigative department in the United States, to investigate the case.

After the coup, Bolt’s account, eight times Olympic champion, went from R$ 64.4 million to R$ 60.9 thousand. That, however, was just one of the funds the former sprinter stored his money from. Faced with the situation, the former athlete chose to fire his business manager.

SSL had a period of ten days to return the money, which did not happen. The former sprinter’s lawyers are handling the situation exclusively. The total gap, adding all those involved in the case, comes to around R$ 15.2 billion.

The government of Jamaica requested international assistance to recover any product assets. The investigations are just beginning, but the company has a court order preventing it from liquidating the investment company.