Usain Bolt: this exorbitant sum he would have lost due to a financial scam

modified: 2023-01-30 16:06:02

Usain Bolt is the victim of a scam just like forty other victims of the same financial fraud. The details.

  Usain Bolt: this exorbitant sum he would have lost due to a financial scam

This is a blow for Usain Bolt. Indeed, the undisputed king of the world sprint was robbed of $12 million due to fraud. The same situation also happened to about forty other wealthy people , including several elderly people. Find out what happened.

Where did the money go ?

This question burns the lips of Jamaicans, especially Usain Bolt. As a reminder, the latter placed funds with the investment company Stocks and Securities Limited (SSL), which is based in Kingston. The amount in question is estimated at 12 million dollars s. Unfortunately, Usain Bolt's account has been stripped. A terrible tragedy for the fastest man in the world and.

The case obviously moved the whole Caribbean island . Incidentally, dancehall artist Gage turned it into a song called “SSL,” with a plaintive chorus “Weh di money de? (“Where’s the money?” in Jamaican patois).

True to themes frequently addressed by the Jamaican music scene, Gage's lyrics underline the class struggle, its injustices , the division between the well-to-do and influential inhabitants of Kingston's upscale neighborhoods and the struggling young people in the poor neighborhoods.

The song also describes efforts made by the government to put an end to telephone scams and other fraudulent lotteries. But she also notes that he never pledged to fight against such a massive scam .

Usain Bolt is not alone

What we can say is that Usain Bolt n is not alone in this fight . Finance Minister Nigel Clarke seemed to agree, telling AFP he wanted tough sanctions.

“The gap between penalties for white collar crime and other forms of crime must be bridged. If you are robbing those who entrust their money or if you are defrauding investors and endangering our financial system, our way of life, Jamaican society wants you to be put in the shade for a long, long time,” a- he confessed.

Besides Usain Bolt, there are more than 40 people who are victims of this fraud. Among these people are several elderly people now penniless . Mr Clarke said he would ask the FBI and other foreign agencies to help with the investigations, after having replaced the board members of the Financial Services Commission (FSC) .

The organization took over the temporary management of SSL and appointed a special auditor . That's not all ! The Jamaican police also decided to raid the home of a former employee of this company and seized documents. However, no suspects have been charged in the case involving Usain Bolt.

In the turmoil, the actors of the world of finance hope that confidence in the country's banking institutions will not be undermined .

“What we saw initially was an emotional reaction, quite understandable given that this is about people's money and it has shaken confidence in financial systems. But the government acted quickly to ensure it was restored,” said Dennis Chung, a business leader who is also the general secretary of the Jamaica Football Association.

Usain Bolt: “Jamaica is my country”

Coming from a modest family, Usain Bolt was born in the parish of Trelawny , in northwestern Jamaica. He became a global star after spraying 100m and 200m world records and dominated the Beijing, London and Rio Olympics.

Two-time Grammy nominee, reggae singer Etana suggests the former athlete may have been penalized by his lack of connections with the elite .

“This case is embarrassing for the country. New rich, he should have joined the powerful, forged relationships, and then no one would have touched his money. »

She then added saying:

“Personally, I would only invest in Jamaica if I could do it in partnership with a member of the aristocracy and upper class, because no one dares touch their money. »

Usain Bolt, his, said little about the case . However, he assured that it will not lead him to abandon his homeland:

“No matter what is happening right now, Jamaica is my country, I love it and that will never change. I will always do everything in my power to make it grow. »

Source : Closermag