feature-image

Getty

feature-image

Getty

Olympic sprinting legend Usain Bolt recently lost $12.7 million due to financial fraud. Bolt had invested around $13 million with the trading firm Stocks & Securities Limited. According to Bolt’s lawyers, the athletics legend has only $12,000 left in his account after losing the rest to the scam. His legal team also contacted SSL, threatening legal action if they couldn’t return Bolt’s money in 10 days. However, in an upsetting statement, SSL announced that they had failed to track the perpetrators.

Terrell Owens holding Dude Wipes XL

While the Financial Services Commission of Jamaica (FSC) has taken over the temporary management of SSL, the investigation has seemingly hit a dead end. However, another update has deepened the mystery surrounding the theft. Former SSL CEO Zachary Harding made a shocking statement to Jamaican news outlet The Sunday Gleaner.

Watch What’s Trending Now!

ADVERTISEMENT

They had no clue Usain Bolt was their client

“During my time at SSL, Usain Bolt’s name never came up once in a management meeting as a client of SSL,” Harding told the news outlet. During the exclusive interview, Zachary Harding said that he had “no knowledge whatsoever of any client relationship with Usain Bolt.” 

READ MORE | After a $12 Million Blow to Life Savings, Fastest Man Usain Bolt Shares a ‘Cryptic’ Musical Message for the Masses

ADVERTISEMENT

The former CEO also said that he only learned about the Olympian being a client of SSL when the news of the scam broke. Harding replaced Lamar Harris, who according to the Gleaner didn’t know that the eight-time Olympic gold medalist was an SSL client. Besides Bolt, 30 other clients also allegedly lost their money in the scam. 

ADVERTISEMENT

Share this with a friend:

Link Copied!

ADVERTISEMENT

ADVERTISEMENT

Written by

author-image

Sagnik Bagchi

3,368 Articles

Sagnik Bagchi is a Senior Writer at EssentiallySports, covering collegiate and Olympic sports through opinion‑driven storytelling. His volleyball reporting often spotlights program shifts and leadership changes, including Harper Murray’s evolving role and John Cook’s candid retirement reflections at Nebraska. With nearly four years in sports media, Sagnik has contributed across key beats, from the Paris 2024 Newsbreak team to behind‑the‑scenes coverage of the NHL Playoffs. An English Literature postgraduate, Sagnik’s versatility spans bodybuilding, US sports, and Olympic disciplines. As a former Senior Bodybuilding Writer, his work earned recognition from IFBB Pro Greg Doucette. His adaptability and consistency have resulted in a place in EssentiallySports’ Journalistic Excellence Program, where selected writers work with industry mentors to refine their reporting and analytical skills.

Know more

ADVERTISEMENT