How Usain Bolt was scammed out of millions of dollars
A million dollar scam
Usain Bolt, the fastest sprinter of all time, has met someone even faster than him – the person who stole $12.7 million from him.
From $12.7 million to $12,000![]()
The Jamaican athlete, now retired, became the victim of a massive scam as has saw the $12.7 million he had in an investment company become $12,000 in just over two months, at the tail end of 2022.
Started out with a warning
Usain Bolt’s lawyers had given whoever stole the money a 10-day window to return it. Despite this, the money did not return and Bolt was forced to try and take action.
Where is the money?![]()
The question is, where exactly has Botlt’s money gone? At the moment, neither he nor the FBI knows. Yes, it’s become a federal issue due to the enormity of the theft
The FBI investigates the facts
The FBI is investigating the events together with the Jamaican government, headed by the Minister of Finance, Nigel Clarke, who has apologized to those affected by the fraud and requested international assistance.
Feeling the hit![]()
The money he lost, held by a company known as ‘Stocks and Securities Limited (SSL)’, is obviously a huge blow to the former Olympian. Speaking to the Jamaican Observer, the sprinter said he was “not ruined, but he was hit” after losing a significant part of his assets.
Obviously, it hurts to be ripped off
“The losses have hit me. Everyone knows that I have three children and that I take care of my parents,” Bolt acknowledged in the Jamaican Observer.
Money was earmarked for social projects![]()
In addition, Usain Bolt affirms that part of that money was going to be destined to go towards social work in Jamaica, since the athlete has always been very committed to all kinds of issues within his country.
‘I love my country’
“It is sad, because I have lost what I have worked hard for. But no matter what is happening, I love my country and I will always love it. I will do everything in my power to help,” said the athlete.
Direct message on networks![]()
Bolt left a clear message on social networks. “In a world of lies, where is the truth? The Evil of History. What is the root? Money”.
Dozens of affected
In addition to Usain Bolt, Nigel Clarke has reported that there are about 40 people more affected in the SSL fraud.
More than $3 billion stolen![]()
The amount of the fraud ascends, for the moment, to $3 billion dollars, which makes Bolt’s 12 million seem anecdotal in comparison.
A considerable net worth
According to Forbes magazine, Usain Bolt exceeded 100 million dollars in assets before these events occurred.
Far from broke![]()
So despite the economic setback, the former Jamaican athlete should still have around $90 million of assets left.
Potential income boost
