Usain Bolt lost nearly $12 million in massive fraud case at Jamaican investment company: Report

Just last week, it was reported that the world’s fastest man, Usain Bolt was a victim of massive fraud in Jamaica.

Agencies
Jamaican sprint legend Usain Bolt has been wiped out of his retirement money after a scammer took around $12 million leaving the world’s fastest man with almost nothing, according to reports. Bolt's lawyer Linton P. Gordon has revealed that $12 million was vanished from the legendary athlete's account.

Currently, the legend is worried that all the investments he made in Stocks and Securities Limited (SSL) are missing and even the recovery of his funds remains unsure.

On January 16, it was reported that Bolt had opened an account with a local Jamaican investment company, SSL in 2012 but never made a withdrawal since then.


US elections fraud scandal: Push to review 2020 ballots spreads
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Six months after Donald Trump's loss, conspiracy theorists and Trump backers are continuing their push for repeated examinations of ballots and finding limited successes.

Six months after Donald Trump's loss, conspiracy theorists and Trump backers are continuing their push for repeated examinations of ballots and finding limited successes.

A Georgia judge last week awarded a group the chance to review mail ballots in a large Georgia county that includes Atlanta. Officials in a rural Michigan county have expressed interest in a review of their voting machines. A similar debate has caused sharp divisions in a New Hampshire town. In some cases, the efforts have been inspired by an audit of the votes in Arizona's Maricopa County, an elaborate exercise engineered by the GOP-led state Senate.

A Georgia judge last week awarded a group the chance to review mail ballots in a large Georgia county that includes Atlanta. Officials in a rural Michigan county have expressed interest in a review o..
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The efforts are unlikely to yield any new revelations about President Joe Biden's victory in the 2020 election. The votes have been counted _ and often recounted _ and certified by local officials. Still, the lingering debate and legal wrangling have propelled suspicions and advanced debunked theories. And their sometimes misleading conclusions have been amplified by Trump, whose false allegations of election fraud sparked the push.

The efforts are unlikely to yield any new revelations about President Joe Biden's victory in the 2020 election. The votes have been counted _ and often recounted _ and certified by local officials. S..
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The profusion of audits alarms election experts, who note that the Arizona audit has set a troubling new precedent of third-party, partisan review of the ballots, long after elections are over.


``This is bad enough to see it happen once,'' said Eddie Perez, an expert on voting systems at the OSET Institute, said of Arizona, but seeing it elsewhere in the country is ``dangerous for democracy.'''

The profusion of audits alarms election experts, who note that the Arizona audit has set a troubling new precedent of third-party, partisan review of the ballots, long after elections are over.``This..
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The audits are serving a clear political purpose in firing up the Republican Party's base. At a rally outside Phoenix last week featuring GOP Reps. Matt Gaetz and Marjorie Taylor Greene, references to to the Arizona audit drew much more enthusiastic applause than even immigration, normally the top hot-button issue on the right in the border state.

The audits are serving a clear political purpose in firing up the Republican Party's base. At a rally outside Phoenix last week featuring GOP Reps. Matt Gaetz and Marjorie Taylor Greene, references t..
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Bolt is one among over 30 people who are believed to be a victim of fraud and whose SSL investments are believed to have been wiped out by a wealth adviser. As per the report, Jamaican Financial Services Commission (FSC) has launched an inquiry and the investment company has been placed under supervision.

Starting from humble beginnings, Bolt’s entire savings from his career is gone. SSL has also declared that its officials failed to catch the scammer. Reportedly, the company was unaware that Bolt was impacted by the fraud.

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FAQs:

  1. Who is Usain Bolt?
    Jamaican Sprinter who holds world records in the 100 metres, 200 metres, and 4 × 100 metres relay.
  2. How old is Usain Bolt?
    36 years
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