The account is held with a private investment firm called Stocks & Securities Limited.
according to a CBS News Reporting on the situation, attorney Linton P. Gordon provided The Associated Press with a copy of a letter sent to the company demanding the return of the funds.
Credit: Stuart C. Wilson/Getty Images
Gordon said Bolt’s account once had $12.8 million in it, but now has a balance of just $12,000.
In the aforementioned letter, Bolt’s legal team stated, “If this is correct, and we hope it is not, then either a serious act of fraudulent theft or a combination of both has been committed against our client.”
According to the lawsuit, the money must be re-deposited into the account within 10 days if Stocks & Securities Limited wishes to avoid civil and criminal legal action.
CBS reached out to the investment firm for comment but did not receive a response.
However, in the midst of the investigation, SSL has posted the following urgent notice on its official Web site:
Thank you for your Interest in Stocks and Securities Ltd. (SSL). In addition to our press release of January 12, 2023, please note that the company is currently under the direction of the Financial Services Commission (FSC) and therefore SSL responses may be delayed at this time. We understand that customers are eager for more information and assure them that we are closely following the matter through all required steps and will alert our customers of the resolution as soon as the information is available. Contact the Financial Services Commission with urgent inquiries. Thank you for your patience and kind understanding.
Credit: Alex Pantling/Getty Images
For those unfamiliar with Bolt’s athletic career, he is the current world record holder in the 100m, 200m and 4×100m relay. Bolt, an eight-time Olympic gold medalist, is the only sprinter to win Olympic 100m and 200m titles at three consecutive Summer Games: 2008, 2012 and 2016.
He also received two gold medals in the 4 × 100 meter relay.
What do you think about Bolt’s missing money?
You can also enjoy:
– Nobel laureate Maria Ressa acquitted of tax evasion charges
– A decade after his death, $40 million Holocaust survivor. The fortune has yet to be claimed
– Mazars cuts ties with all crypto clients, Binance, Crypto.com
Lead image credit: Asanka Ratnayake/Getty Images
