Kamsi Anayo and John Ugo with Agency reports
Jamaican Olympic sprinting champion, Usain Bolt, on Thursday, lost $12 million in his account with an investment company, Stocks and Security Limited, to hackers.
The track star’s lawyers said they are ready to file a lawsuit if that will make it possible to recover the lost money that mysteriously disappeared from Bolt’s account.
According to a statement from Bolt’s lawyers, it read, “The account was part of Bolt’s retirement and lifetime savings.
“It’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension,” Gordon said on Wednesday.
We will be going to court with the matter” if the company does not return the funds,” his lawyer, Linton P. Gordon, told Fortune magazine over the phone.
It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace,” he added.
A separate statement released on Monday by the Jamaica Constabulary Force said the “alleged fraudulent activities at SSL that are said to have affected the accounts of Mr Usain Bolt and other individuals” are being looked into by those teams.
Meanwhile, On Tuesday night, Jamaica’s Finance Minister Nigel Clarke claimed that SSL had committed “alarming and evil fraud” and promised to “bring all perpetrators to justice.”
The Associated Press reported that Mr Bolt’s account with the company was created to act as a pension for both of his parents and the eight-time Olympic gold medal-winning sprinter.
The legend currently lives in fear that all the investments he made in Stocks and Securities Limited (SSL) are now all gone, and recovery is questionable.
The account that was scammed was opened in 2012, and Bolt has not made any transactions since then. Bolt even confirmed that he invested all of his retirement money, which was around $10 million.
The scammers wiped out around $9,998,000 leaving the sprinting legend with just $2000.
According to reports SSL has lost more than $1.2 billion because of an internal employee who was assisting an outside wealth advisor.
The company did raise suspicion over this happening around August last year, but they failed to catch the notorious scammer in time. 30 people, including Bolt, lost all their investment money, and the recovery is still questionable.
What’s next for Usain Bolt?
Currently, all of Bolt’s hard-earned money from his decorative career is gone. SSL made it clear that their officials have failed to catch this notorious scammer. The company was also unaware of the fact that Bolt was already affected by this.
