Usain Bolt is still searching for answers almost two years after uncovering a massive US$12 million fraud in his investment portfolio at Stocks and Securities Limited (SSL).
The Jamaican sprint legend has expressed his disappointment in a series of posts on X (formerly Twitter) amid new reports about Prime Minister Andrew Holness’ finances. While Bolt didn’t mention anyone by name, it is evident that he is taking a dig at the powers that be.
“Can we BANK on them to tell us? Or we not in the circle?” Bolt questioned after making another post of a clock emoji. He added in another post, “Them know the price of everything but value of nothing. Heart broken so many words unspoken. Broken words not broken records.”
According to the Gleaner, the massive fraud uncovered at the embattled investment firm has since reached US$30 million, equivalent to approximately J$4.7 billion. Almost half of that, around $12.7 million, belongs to the Olympian.
Usain Bolt’s attorney, Linton Gordon, says the sprinter turn music producer is “very frustrated and disappointed” about what has transpired since the uncovering of the fraud. “He’s simply shocked and disappointed to know a country he has put on the map and he put his money in an institution here, that he has lost it or he can’t get it back,” Gordon said while calling out the outgoing Minister of Finance Dr. Nigel Clarke and the government for what he deemed as not doing enough to remedy the situation in a timely manner.
Usain Bolt’s holding company, Welljen, sued Stocks and Securities Limited (SSL) and Jean-Ann Panton, the only person arrested and charged for the fraud. Panton was a client relationship manager at SSL who was accused of misappropriating the sprinter and other investor funds. Bolt is trying to recover the original sum he invested with the company, US$6.2 million or the balance of what his account was saying US$12.7 million.
