Beautiful Virgin Islands


Jamaica's Usain Bolt celebrates winning the Men's 200m final at the World Athletics Championships in Daegu, South Korea

Jamaica launches fraud probe after Bolt reports millions missing

Millions of dollars were reported missing from the Olympic champion’s account at a private wealth management company.
Jamaican financial authorities have launched an investigation into a company holding investments for eight-time Olympic gold medallist Usain Bolt after reports that he may have lost millions to large-scale fraud.

Stocks & Securities Ltd, a private wealth management company based in the capital of Kingston, was placed under “enhanced oversight” while the Financial Services Commission (FSC) conducts the inquiry.

Bolt’s manager, Nugent Walker, told The Gleaner newspaper that the retired sprinter has had investments with the company for more than a decade.

The daily said millions of dollars were reported missing from Bolt’s account.

“All the relevant steps have been taken to come to the bottom of this,” Walker told the news outlet, saying the athlete had noticed discrepancies with his account on Wednesday. “He’s been with this entity over 10 years … His entire portfolio is being reviewed.”

The FSC said it was “aware of reports of allegations of fraud at one of its licensees, Stocks and Securities Limited (SSL)”.

Bolt retired from athletics in 2017 after a career that, in addition to eight Olympic golds, included 11 World Championship titles.

He sprung to global fame at the Beijing Olympics in 2008 when he won the 100 metres and 200m sprints, setting new world records in both races.

The Jamaican went on to win both races in the 2012 London and 2016 Rio Games.

Bolt’s 100m time of 9.57 seconds, set in Berlin in 2009, remains the world record and he also retains the fastest time in 200m.

He made his first appearance as a professional footballer in a pre-season friendly in Australia in 2018, when he played with Australia’s A-League club Central Coast Mariners.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Brave English woman hilariously mocks a masked thief as he attempts to steal her bike.
I have a dream, MLK inspiring speech
UK General Election: Sunak Acknowledges Disappointing Results but Maintains Confidence
Aretha Franklin, Marvis Staples - Oh Happy Day
Sword Attack Victim Henry De Los Rios Polonia Grateful for NHS Care
BVI Freedom Song
Post Office Lawyer Jarnail Singh Faces Allegations of Lying About Software Bugs
Billy Preston - You Can't Beat God Giving (Live)
Post Office Scandal: Expert Accused of Giving False Court Testimony
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Suspended Tory Councillor Puts Essex Council Majority at Risk
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
UK Government Loses Court Case Over Inadequate Climate Actions
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Apple Faces Significant Sales Decline Amid AI Integration Delay
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
10,000 Black Cab Drivers Sue Uber for $313M Over Alleged Breach of London Booking Rules
Hello Dolly
Today’s headlines
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Interns Investigate Unsafe UK Criminal Convictions
Bob Marley - Get Up Stand Up
Contaminated Blood Inquiry Highlights Omitted Risks
Yes He Can
Kwasi Kwarteng Criticizes Liz Truss as 'Trumpian'
What A Friend We Have In Jesus
SNP Overcomes Labour Confidence Motion
Unforgettable
Study Finds Gender Health Gap in UK
Touch The Hem Of His Garment
Reform UK Endorses Conspiracy Theorist Candidates
The Lord's Prayer
Family's Deportation Fears Before Channel Tragedy
THE GOD MOVEMENT...BEAUTIFUL BVI
Labour's Compromise on Zero-Hours Contracts
Siyahamba
Risk of Rwandan Deportation for Misclassified Lone Children
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
Sadiq Khan Accuses Tories of Undermining London
Ramblin' Rose
London Daily Morning Headlines - Wednesday, May 1 2024
Protoje - Who Knows ft. Chronixx
Amazon Cloud Sales Growth Accelerates
Pressure - Virgin Islands Nice
Apple Recruits Google Staff for AI Development
Phil Wickham - House Of The Lord
Changpeng Zhao Sentenced to Four Months in Jail
My God Is Real (Yes, God Is Real)
S&P 500 Experiences Worst Month Pre-Fed Announcement
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
Columbia University's Hard Line on Student Protests
Louis Armstrong - When The Saints Go Marching In
Biden Administration to Relax Marijuana Regulations
Kanye West Sunday Service - hallelujah, salvation, and glory
Netanyahu's Firm Stance Amid Rafah Hostage Talks
Jonathan Nelson - I Believe (Island Medley
BlackRock to Establish Saudi Investment Firm
From The Virgin Islands Sqad Up
UK Food Delivery Firms to Check Riders' Immigration Status
Common, John Legend - Glory
Elon Musk Disbands Tesla’s Supercharger Team
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
Major Changes at Manchester United Under Ratcliffe
I have a dream, MLK inspiring speech
Rap Lyrics as Trial Evidence in England and Wales
Aretha Franklin, Marvis Staples - Oh Happy Day
Rap Lyrics as Trial Evidence in England and Wales
BVI Freedom Song
Monty Panesar to Stand for George Galloway's Party
Billy Preston - You Can't Beat God Giving (Live)
Sadiq Khan Leads in London Mayoral Polls
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
UK Tory Chair on Party Funding
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Brexit Checks to Increase Food Import Costs
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Legal Challenge to Cuts in England’s Cycling and Walking Budget
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Rising Homelessness in England
Hello Dolly
Potential Criminalization of Lying by Politicians in Wales
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
MPs Advocate for Work Rights for Asylum Seekers
Bob Marley - Get Up Stand Up
Home Office Loses Track of Rwanda Deportees
Yes He Can
Historic Memo Challenges Current UK Insurance Policy
What A Friend We Have In Jesus
London Daily's Video newsletter
Unforgettable
Labour Axes 'Levelling Up' Phrase
Touch The Hem Of His Garment
UK Sanctions Ineffective Against Russian Economy
The Lord's Prayer
Humza Yousaf Resigns as Scotland’s First Minister
THE GOD MOVEMENT...BEAUTIFUL BVI
UK Plans Cuts to Disability Benefits
Siyahamba
UK House Sales Increase by 12% in April
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
×