Usain Bolt, a Jamaican Olympic sprinter, reportedly lost $12 million from an account he had with Kingston-based investment company Stocks and Securities Limited.
According to his attorney Linton P. Gordon in a phone chat with Bloomberg, Bolt was just informed that there was only roughly $12,000 left in the account.
The money in the account was reportedly saved for Bolt’s retirement and lifetime.
Gordon said on Wednesday:
“It’s distressful news for anyone. And certainly in the case of Mr. Bolt, who established this account as part of his private pension.”
Following accusations of fraud allegations that had earlier caused the commission to place the bank under increased supervision, the Jamaican Financial Services Commission on Tuesday announced that it had appointed its own temporary manager at SSL.
Gordon claimed that neither he nor his client have received any communication from regulators, and he added that if Bolt does not receive the money back within eight days, he intends to take the matter to the Supreme Court in Kingston.
Bolt, who has won eight Olympic gold medals and holds the 100- and 200-meter world records, is regarded as the fastest man alive.