Legal professionals for Usain Bolt, one particular of the world’s biggest sprinters, reported Wednesday that a lot more than $12.7 million US is missing from his account with a non-public financial commitment business in Jamaica that authorities are investigating.
Attorney Linton P. Gordon delivered The Associated Press with a copy of a letter despatched to Shares & Securities Minimal demanding that the funds be returned.
Gordon stated Bolt’s account when had $12.8 million but now reflects a harmony of only $12,000.
“If this is suitable, and we are hoping it is not, then a really serious act of fraud, larceny or a combination of both have been committed versus our customer,” Bolt’s lawyers say in the letter.
They threaten civil and felony action if the revenue is not returned in 10 days.
Shares & Securities Minimal did not promptly reply to a ask for for comment. On its website, the business questioned that customers immediate all urgent queries to Jamaica’s Economic Companies Fee, which is investigating the business.
The corporation has explained that it identified the fraud previously this month and that various of its purchasers may possibly be missing thousands and thousands of dollars.
Jamaica’s finance minister, Nigel Clarke, identified as the situation alarming but mentioned it was unconventional.
“It is tempting to doubt our monetary institutions, but I would inquire that we you should not paint an whole difficult operating industry with the brush of a handful of quite dishonest men and women,” he mentioned.
Bolt’s legal professionals sent the letter Monday, the same working day that Jamaica’s Fiscal Products and services Commission declared it was appointing a special auditor to search into fraud allegations at Shares & Securities Constrained, which is based in the capital of Kingston.
On Tuesday, economic authorities mentioned they have been assuming non permanent administration of the non-public investment agency. It is permitted to keep running but needs acceptance from the governing administration for any transactions.
Bolt, who retired in 2017, holds the earth information for the 100 meters, 200 meters and 4×100 meters.