Following $12,700,000 Blow, Usain Bolt’s Former Financial Advisor Issues Massive Statement on Olympic Legend’s Investments

Published 01/25/2023, 9:27 AM EST
BOLT Usain Team Jamaica IAAF Leichtathletik Weltmeisterschaften 2011 in Deagu in Sued Korea 1.Tag Vorlauf 100m Vorlauf der Maenner mit Bolt Usain am 27.August 2011 in Deagu PUBLICATIONxINxGERxSUIxAUTxHUNxSWExNORxDENxFINxONLY Bolt Usain team Jamaica IAAF Athletics World Championships 2011 in in Korea 1 Day Lead 100m Lead the Men with Bolt Usain at 27 August 2011 in

Legendary track and field athlete, Usain Bolt, had a tragic start to the year 2023. In a massive financial scam, after losing close to $13 million, The Lightning Bolt was left with $12,000 in his account. The fraudulent activities were perpetuated by an internal employee at the investment firm Stocks and Securities Limited (SSL). Now, Bolt’s former financial advisor, who set him up with SSL, has opened up about his investment plans. 

Garfield Coke was Bolt’s financial advisor for almost a decade, right from when the sprinting icon became a Junior World Champion in 2002, to the year 2012. However, when he came to know about the financial fraud, he was certainly startled.

Coke’s statement on the SSL investment of Usain Bolt

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The Jamaica Gleaner reported, that according to Coke there was “no red flag” when he did his due diligence before recommending Stocks & Securities Limited (SSL), as an investment firm for Bolt’s retirement plan.

Coke had analyzed the reports of the private firm firsthand. He even disclosed that there were no negative reports, when they decided to invest millions of dollars in the firm.

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20 days ago

Garfield Coke states the fraud as an ‘unfortunate’ incident to Usain Bolt

Garfield Coke shares a long relationship with Usain Bolt. From the early 2000s to the present time, Coke has been in contact with Usain Bolt. Even after ending his role as his financial advisor. He continued to be in contact regarding non-business endeavors. While talking with the Jamaica Gleaner, he stated the fraud as an ‘unfortunate’ incident in Bolt’s life, as he has ‘worked very hard’ to earn all of this. 

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DORTMUND, GERMANY – MARCH 23: Usain Bolt pauses during a training of Borussia Dortmund on March 23, 2018 in Dortmund, Germany. (Photo by Maja Hitij/Bongarts/Getty Images)

He continued, “He is a person who really looked out for others and has a heart that is genuine, and based on that, he could be taken advantage of.” Moreover, he also stated that the FSC should have conveyed to the public about such activities going on in SSL.

Nonetheless, Usain Bolt has given an ultimatum to the FSC to respond to his demand for money. Or otherwise, he will sue the FSC.  

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The case is currently going, with the perpetrators yet to be caught. One can only hope that Bolt and the other victims of the scam are able to recover their hard-earned money.

Watch This Story: FBI Enters Usain Bolt’s 127 Million Fraud Case

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Kaivalya R Pillai

474 articles

Dr. Kaivalya R Pillai is a US Sports author working at EssentiallySports. An accomplished academician, he recently completed his doctorate degree in pharmacy.

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