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SAN JUAN, Puerto Rico – Jamaican sprinter Usain Bolt said in a statement to reporters Friday that he was baffled as to how $12.7 million in money from a private investment firm that authorities are investigating disappeared in a massive fraud that began a decade ago. .
Bolt said he fired his business manager, which was not an amicable split.
The retired star athlete laughed when asked if he was “broken”.
“I didn’t break it, but it definitely made me inside.” “It was for my future. Everyone knows that I have three children. I still protect my parents, and I still want to live well.”
Bolt’s lawyers said the athlete’s account at Kingston Stocks and Securities Ltd. was reduced by nearly $12.8 million to $12,000. They gave the company until Friday to return the money or face civil and criminal charges.
It was not immediately clear whether any action had been taken as of late Friday. Attorney Linton P. Gordon did not return a message seeking comment.
He told the Jamaica Observer newspaper that the public should anticipate the “expected and unexpected” in the case.
“Considering what is happening at this stage, there is nothing to say,” they said. “We’ve been in touch with people, and we’re dealing with some issues.”
Earlier this week, Jamaica’s Finance Minister Nigel Clark announced that the director of the Financial Services Commission would be stepping down and the Bank of Jamaica would now be responsible for overseeing the island’s financial system.
He said several government agencies and elderly customers were also affected by the alleged fraud.
“It’s always a sad situation. It’s definitely desperate,” Bolt said of the injured seniors.
Jamaican authorities sought help from the FBI and other anonymous international experts, whose clients were allegedly given false statements about their balances in connection with the alleged fraud. Officials have yet to say how many customers were affected and how much money was lost overall.
Earlier on Friday, Bolt spoke at a luncheon for the upcoming relay and mentioned the alleged cheating.
“As you all know, I’ve had a tough week, a tough few weeks,” he said, adding that he will continue to do everything he can to lift the island up.
“No matter what happens now, Jamaica is my country and that will never change,” he said.
“I’m just trying to focus on my family and not think too much about it because it’s a difficult situation,” he told reporters.
Stokes & Securities Ltd. did not return a message seeking comment Friday. The company contacted authorities earlier this month to report that a manager had committed fraud.
Earlier this week, Jamaican Prime Minister Andrew Holmes said his administration would not liquidate the company.
“The government will not incur any debt, we will not socialize the failure of our banks,” he said.
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