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HomeLatest NewsAthlete Usain Bolt lost millions of dollars due to fraud

Athlete Usain Bolt lost millions of dollars due to fraud

Date: May 31, 2023 Time: 05:19:49

Jamaican athlete and eight-time Olympic champion Usain Bolt lost several million dollars, allegedly due to fraud by an employee of an investment firm. Gleaner reports.

The athlete’s money disappeared from the Stocks and Securities Limited account. The athlete’s manager, Nugent Walker, stated that “all appropriate measures have been taken to remedy the situation.” The exact amount of damage has not been revealed.

It is assumed that a former employee of the company may be involved in the loss of money. Bolt learned of the disappearance of funds from the account on January 11. The former employee of the investment company is suspected of fraud not only with the account of the Olympic champion, but also with other clients. The investigation into what happened is ongoing.

It was previously learned that Usain Bolt intends to register his winning pose as a trademark. The athlete filed documents with the US Patent and Trademark Office. Read more here.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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