Usain Bolt has revealed he’s fired his business manager after £10 million ($12.7m) went missing from his account at a local private investment firm.
The retired sprinter and current world record holder in three events is said by his attorneys to have had around £10 million ($12.8 mil) in an account with Stocks and Securities Limited – a stock exchange located in Jamaica.
However, the amount in the account was revealed as having dropped dramatically to £9,600 ($12,000) on Wednesday (18 January).
Bolt’s attorneys gave the company 10 days to return the funds, threatening civil and criminal action if the money wasn’t put back.
“If [the new balance] is correct, and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client,” Bolt’s lawyers said in a letter.
It is unclear whether legal action has since been taken, however, on Friday, Bolt confirmed to reporters he has fired his business manager.
Regarding Stocks and Securities Limited and the return of his money, Bolt told the Jamaica Observer newspaper: “There is nothing to say at this stage, given what is happening.
“We have met with persons and we are dealing with certain matters.”
Despite a whopping $12.7 million of his investment having gone walk-a-bout, Bolt reassured he’s ‘not broke,’ however,…
