ECNETNews, New York, NY, February 19, 2025: A high-level investigation into the disappearance of $12 million belonging to Jamaican sprint legend Usain Bolt has uncovered alarming evidence that a considerable portion of his investment never reached his account at Stocks and Securities Limited (SSL).
Forensic investigators have revealed that Bolt’s initial investment was misappropriated prior to its deposit at SSL, indicating a more serious level of fraud than previously believed. Reports suggest that Bolt’s management team was misled by falsified invoices and account statements reportedly created by a former SSL employee now facing multiple fraud charges. These forged documents created a false sense of security regarding the status of his investment, while the funds were improperly diverted before reaching SSL.
This shocking revelation raises significant concerns about Bolt’s chances of recovering his funds, as investigators now delve deeper into the extent of the fraudulent activity and assess the possibility of restitution.
The Office of the Director of Public Prosecutions is currently awaiting crucial documentation from the Financial Investigations Division to determine if more individuals at SSL could face criminal charges. These documents are anticipated to shed light on the breadth of the fraud and identify additional suspects.
The former SSL employee in question has allegedly admitted to running fraudulent schemes at the firm for years and is currently facing legal proceedings. Following the scandal, Bolt terminated a member of his management who was responsible for overseeing these investments.
In a recent statement, Bolt expressed his frustration with the sluggish pace of the investigation, calling on Jamaican authorities to enhance efforts in recovering his missing finances.
With these latest developments, Bolt’s quest to reclaim his stolen millions hangs in the balance as authorities and investigators work to fully uncover the extent of the deceit.
