Haunting News for $9,998,000 Poorer Olympic Legend Usain Bolt That Would Make Him Regret His Investment Decision

Sprinting legend Usain Bolt didn’t start off the year well as an unknown storm knocked on his door. All his retirement money amounting to $9,998,000 has been wiped out by a notorious scammer, and till now nothing has been recovered.

One poor investment decision has led to a terrible disaster for the most popular ex-Olympic sprinter of all time. Bolt, who has plenty of records to his name, now faces uncertainty. According to The Gleaner, this incident took place at Stocks and Securities Limited (SSL),

Usain Bolt is just left speechless

Stocks and Securities Limited (SSL) confirms that 30 of its investors, including Bolt, have been scammed by an outside wealth advisor. An internal employee was also connected the whole time. The night before the blowup, he resigned from the company.

The notorious scammer wiped out $9,998,000 from the account, which held $10 million. The ex-Olympic sprinter is just left with $2,000 to survive on. Bolt has been investing all his money into this company for the last 10 years. He never saw any issues, and the company had a reputation for being one of the oldest companies in Jamaica, which is what led Bolt to make this investment decision.

Financial Services Commission (FSC) already termed SSL as a company that doesn’t follow generic terms. The company was also involved in unauthorized sales activities before. In 2016, FSC did catch SSL red-handed while committing violations of FSC regulations. Suffice it to say, Bolt is disappointed with the security of SSL and his finance management team.

ALSO READ – $9,998,000 Loss Rocks Olympic Legend Usain Bolt as Massive Scam Erupts in Jamaica

They even attempted to obtain SSL’s sales record once because they suspected them of some shady activities. SSL lost around $1.2 billion because of this scam and is yet to answer to all of its investors. Currently, the Jamaican government is yet to step in and take action against SSL’s negligence that led to this disaster. 

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