Lawyers for Usain Bolt, one of many world’s best sprinters, stated Wednesday that greater than $12.7 million is lacking from his account with a non-public funding agency in Jamaica that authorities are investigating.
Attorney Linton P. Gordon supplied The Associated Press with a replica of a letter despatched to Stocks & Securities Limited demanding that the cash be returned.
Gordon stated Bolt’s account as soon as had $12.8 million however now displays a steadiness of solely $12,000.
“If this is correct, and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client,” Bolt’s attorneys say within the letter.
They threaten civil and legal motion if the cash shouldn’t be returned inside 10 days.
Stocks & Securities Limited didn’t instantly reply to a request for remark. On its web site, the corporate requested that shoppers direct all pressing queries to Jamaica’s Financial Services Commission, which is investigating the agency.
“We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available,” the corporate stated.
The firm has stated that it found the fraud earlier this month and that a number of of its shoppers could also be lacking thousands and thousands of {dollars}.
Jamaica’s finance minister, Nigel Clarke, referred to as the scenario alarming however famous it was uncommon.
“It is tempting to doubt our financial institutions, but I would ask that we don’t paint an entire hard working industry with the brush of a few very dishonest individuals,” he stated.
Bolt’s attorneys despatched the letter Monday, the identical day that Jamaica’s Financial Services Commission introduced it was appointing a particular auditor to look into fraud allegations at Stocks & Securities Limited, which is predicated within the capital of Kingston.
On Tuesday, monetary authorities stated they had been assuming non permanent administration of the non-public funding agency. It is allowed to maintain working however wants approval from the federal government for any transactions.
Bolt, who retired in 2017, holds the world information for the 100 meters, 200 meters and 4×100 meters.