Usain Bolt loses $12 million in savings to scam

Jamaican Olympic sprinter Usain Bolt reportedly lost $12 million from an account he held with shares of Kingston-based investment firm Securities Limited.

Bolt learned these days that there was a final minimum of about $12,000 in the account, his attorney Linton P. Gordon said in a smartphone interview

The account was said to be part of Bolt's retirement and life savings.

“This is distressing information for everyone. And certainly in the case of Mr Bolt, who set up this account as part of his private pension,”

Jamaica's financial services commission said on Tuesday it had created its own brief manager on SSL, following reviews of fraud allegations

that had previously prompted the commission to place the financial institution under better supervision.

Gordon said regulators have not contacted him or his client, adding that if Bolt does not see his money returned within eight days, he plans to take the case to Kingston

Bolt, winner of eight Olympic gold medals, is considered the fastest guy in the industry, keeping track of the 100 and 200 meter races.

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