Usain Bolt $12.8M fraud case: two years later, no justice in sight
Jamaican sprint legend Usain Bolt is still waiting for answers two years after losing $12.8 million in a major fraud scandal. The eight-time Olympic gold medalist yesterday took to his twitter to remind the world that his stolen money has yet to be recovered.
In January 2023, Bolt discovered that his investment account with Stocks and Securities Ltd (SSL), a Kingston-based financial firm, had been wiped clean. Only $12,000 remained, a drastic fall from the millions he had saved.
Authorities, including the Jamaica Constabulary Force’s Fraud Squad and the Financial Investigations Division, launched an investigation. However, two years later, there is still no progress in retrieving the funds.
The retired sprinter shared a cryptic post on social media, revealing the exact amount stolen while playing a Jamaican song about sacrificing everything but getting nothing in return. This post reignited the conversation about his missing money and the lack of resolution in the case.
In September 2024, reports suggested that SSL had plans to repay over $30 million to more than 200 affected investors, including Bolt. The Financial Services Commission (FSC) had reportedly ordered the payments to begin, but Bolt’s recent post suggests he has not received his share.
Bolt, who remains the fastest man in history with his 9.58s (100m) and 19.19s (200m) world records, built a legendary career. However, this financial scandal continues to overshadow his post-retirement life.
With no justice in sight, Bolt’s fans and the global sports community are left wondering: Will Bolt ever get his money back?
