The year 2023 has been subjected to a rough start for the Jamaican legend, Usain Bolt as he lost $12.7 million to an SSL fiasco. The eight-time Olympic gold medalist has suffered a convulsing run since then. However, to dig deeper into the investment debacle the Financial Services Commission initiated an investigation. Now, as the inquiry board has looked diligently into the matter, the lawyers are finding the tidbits of some serious illegitimate activities that were happening over the past couple of years under Bolt’s nose.
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As per the findings of the FSC, the Olympian’s investments were pumped out by a third party under the name of SSL. The sprinter invested a total of $6.5 million between 2012 and 2017, which was later withdrawn from his account. More so, Bolt is oblivious to all the illicit money transactions that were happening over the years.
Money withdrawn without Usain Bolt’s prior knowledge
As per the report of Jamaica Observer, Bolt invested $6.2 million in SSL in 2012 through a limited liability company called Welljen. In the same year, a third party withdrew $5.8 millions from Bolt’s account through cheques and cash. In the year 2017, the athlete made another hefty investment of $900,000. Howbeit, the money was gone in a flash soon after it was deposited. Moreover, the same pattern was followed by the perpetrators as they took another $90,000 from the Olympian’s account between 2019 and 2022.
Financial Services Commission (FSC) then perused the documents that are allegedly provided by SSL. It has been found that there were 10 transactions between July 2021 and May 2022. Nonetheless, the document shows that the money was transferred to a blue-chip owner in an American firm.
While the FSC implicated a former SSL employee, they couldn’t keep their finger on who exactly scammed the Olympian. Meanwhile, the court now barred the SSL authorities from dealing with assets and liabilities. And now, as the FBI also joined the investigation spree, the probe has taken a speedy flight. From Bolt taking a huge action against his business manager to SSL CEO’s denial of Bolt being a client, with each passing day, some new completely astounding information is emerging from SSL’s pandora’s box.
Watch this story | Just Like Tiger Woods, Mike Tyson And Floyd Mayweather, Usain Bolt Gets Ripped Off Millions In Jamaican Fraud
