Final week, it was reported that the world’s quickest man, Usain Bolt, was a sufferer of fraud by an area Jamaican funding firm, Shares and Securities Restricted (SSL). Now, a report by the Jamaica Observer states that he has misplaced upwards of $10 million.
On Jan. 16, The Jamaica Observer reported that Bolt apparently opened his account with SSL in 2012 however has by no means made a withdrawal. “Bolt stated to have invested slightly below US$10 million. Nonetheless, the supply said that solely US$2,000 stays within the account,” in line with The Observer.
Bolt is among the highest-earning observe and subject athletes of all time, incomes a reported $33 million in 2016 alone. In 2018, Bolt was listed because the forty fifth highest-paid athlete on the earth, in line with Forbes. He retired from athletics in 2017.
In accordance with a report, Bolt is amongst greater than 30 individuals believed to have been fleeced by a wealth advisor at SSL, which has since been positioned below “enhanced oversight” whereas the Jamaican Monetary Companies Fee (FSC) conducts an inquiry.
On Monday, Bolt took to social media to remark, referencing a social justice diss observe he launched three months in the past referred to as Cryptic World. Though Bolt didn’t immediately touch upon his monetary state of affairs with SSL, the lyrics of the tune reference that the love of cash is the basis of all evil.
“In a World of Lies… The place is the Reality? The Historical past Evil… What’s the Root?… MONEY #CrypticWorld,” the four-time Olympian wrote on his social media.
“In a World of Lies….The place is the Reality?
The Historical past Evil….What’s the Root?…MONEY #CrypticWorld pic.twitter.com/vhN0PfKFKz
— Usain St. Leo Bolt (@usainbolt) January 16, 2023
When Bolt was requested in October 2022 the which means behind his new launch, he stated, “Each day I meet somebody who shares struggles that they’re confronted with […] asking me how I can help. The tune is my means of claiming to individuals, sure, I hear you, and can at all times do my finest to assist or shed some gentle on the completely different points in Jamaica.”
He set the 100m and 200m world information on the 2009 World Championships in Berlin, the place he received double gold. He’s the one sprinter to have received three consecutive Olympic gold medals within the males’s 100 metres and 200m, from Beijing 2008 to Rio 2016.