LOL

https://www.thestreet.com/personalit...s-life-savings

Champion sprinter Usain Bolt is used to living life in the fast lane, but he’s hit a major speed bump after Bolt's investment firm acknowledged that $12.7 million is missing from his account.

Potentially worse, the firm doesn’t know how the money went missing or where it went.

Bolt, a legend on the track and in his home country of Jamaica, and the winner of eight Olympic gold medals, has hired an attorney and is threatening to sue Stocks & Securities, a Kingston, Jamaica financial services firm that managed the account with the missing funds.

“The account was part of Bolt's retirement and lifetime savings,” said Bolt’s attorney, Linton P Gordon. “It’s distressing news for anyone, and certainly in the case of Mr. Bolt, who established this account as part of his private pension.”

"If this is correct, and we are hoping it is not, then a serious act of fraud, larceny, or a combination of both has been committed against our client,” Gordon added.

Stocks and Securities Limited has reportedly mishandled multiple client accounts, leading to significant financial losses. The Jamaican government is currently investigating the firm and has assumed temporary management of the private asset management firm.

Attorneys for Bolt reportedly discovered the funds were missing during a routine account check in early January. They found $12.7 million missing from the account, leaving only $12,000 left in Bolt’s portfolio.

Stocks & Securities has largely stayed mum about the missing funds but did add this statement on the firm’s website.

"We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available," the firm stated.

Bolt’s net worth is a reported $90 million, with a good chunk of that money coming from a lucrative sponsorship deal with sports apparel giant Puma. Now retired, Bolt earns an estimated $4 million from Puma annually.

$12M is like a Billion dollars in Jamaca.

BRB steal 12.7 million out my clients account


BRB "We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available,"


RIP

when will it be terry's turn?

Ey me-a DUTTA gyal

Me ah sayn t'err, if ya gwon be acting like a street gyal, me-a gwon treatchya like a street gyal

Love Usain Bolt. Feel truly bad for him. But imagine trusting anything or anyone from Jamaica with your money.

This x100


Stonks & securities Limited sounds super legit

should have tossed it into doge

LMAO, earns 4 million per year to wear clothing. Sucks his $$ disappeared but c'mon. 12,000 in Jamaica, I think he could ride it out. Also LOL at him putting all that $$ into a Jamaican firm. Funny to see wealthy people have a meltdown and see the realities of the world when they make a single year what someone would hope to make in a lifetime if they're lucky. No sympathy. I mean before he was famous he probably lived on less than 12,000. So he can do it again until his next 4 million comes around in about 350 days.

thats nutz/

Now that story about the 90 year old WW2 vet who was scammed out of his 2 million dollar life savings by some Florida bimbo, that's something people can relate to and care about. If you have a multimillion dollar salary per year and you lost money, people aren't going to give a fuk. Why should they? If someone paid me 4 million a year to wear LGBTQ clothes, I'd do it.

this doesn;'t have anything with people caring. 12 million is lost and needs to be recovered *******.

NBA and NFL dudes get ripped off constantly here, too.