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.”
www.thestreet.com/personalities/bank-reportedly-loses-12-million-of-usain-bolts-life-savings