Usain Bolt Fires Business Manager After $12 Million Goes Missing In Alleged Fraud Case

Usain Bolt Fires Business Manager After $12 Million Goes Missing In Alleged Fraud Case

SAN JUAN, Puerto Rico (AP) — Jamaican sprinter Usain Bolt advised reporters Friday that he’s baffled over how $12.7 million of his cash has gone lacking from an area non-public funding agency that authorities are investigating as a part of a large fraud that started greater than a decade in the past.

Bolt additionally stated he has fired his enterprise supervisor, including that it was not an amicable break up.

When requested if he was “broke,” the retired star athlete laughed.

“I’m not broke, however it’s undoubtedly put a damper on me,” he stated. “It was for my future. Everybody is aware of I’ve three youngsters. I’m nonetheless looking for my mother and father, and I nonetheless wish to stay very properly.”

Bolt’s attorneys stated the athlete’s account with Kingston-based Stocks and Securities Limited dwindled from almost $12.8 million to some $12,000. They had given the corporate till Friday to return the cash or face civil and prison motion.

It wasn’t instantly clear whether or not any motion had been taken as of late Friday. Attorney Linton P. Gordon didn’t return a message looking for remark.

He advised the Jamaica Observer newspaper that the general public ought to anticipate the “anticipated and the surprising” within the case.

“There is nothing to say at this stage, given what is occurring,” he was quoted as saying. “We have met with individuals, and we’re coping with sure issues.”

Earlier this week, Jamaican Finance Minister Nigel Clarke introduced the director of the Financial Services Commission was stepping down and the Bank of Jamaica would now be in command of regulating the island’s monetary system.

He stated a number of authorities companies and aged prospects additionally had been affected by the alleged fraud.

“It’s all the time a tragic state of affairs. Definitely disillusioned,” Bolt stated of the aged who had been affected. “Everybody’s confused. … I’m as confused as the general public.”

Jamaican authorities have requested assist from the FBI and different unidentified worldwide consultants, including that shoppers got false statements concerning their balances as a part of the alleged fraud. Officials haven’t but stated what number of shoppers general had been affected and the way a lot cash in whole is lacking.

Earlier on Friday, Bolt spoke at a sponsored luncheon for an upcoming relay and referred to the alleged fraud.

“As you all know. I’ve been going via a troublesome week, a number of powerful weeks,” he stated, including he would proceed to do all the pieces he can to uplift his island.

“No matter what’s happening proper now, Jamaica is my nation. That won’t ever change,” he stated.

In an apart with reporters, he stated: “I’m simply attempting to give attention to my household and attempting to not assume an excessive amount of about it as a result of it’s a tough state of affairs.”

Stocks and Securities Limited didn’t return a message looking for remark Friday. The firm contacted authorities earlier this month to alert them {that a} supervisor had apparently dedicated fraud.

Earlier this week, Jamaican Prime Minister Andrew Holness introduced that his administration wouldn’t bail out the corporate.

“The authorities won’t socialize any debt, and we won’t socialize the failure of our banks,” he stated.