Usain Bolt, legendary sprinter from Jamaica, is facing the wipeout of a significant investment he made at Stocks and Securities Limited (SSL), and he is now worried that the money he had intended to receive in his later years would probably not be recovered.
According to reports, Bolt’s management team received the information last week, right before the business disclosed a big scam that is believed to have cost more than $1.2 billion.
Bolt is one of more than 30 individuals whose SSL assets are thought to have been defrauded by a wealth advisor.
As of last Thursday, SSL had “become aware of fraudulent activity by a former employee of the company,” according to a statement it released.
-Read more the Jamaica Observer