Employee At Investment Firm Allegedly Involved In Usain Bolt’s Missing $12.7M

We have an update on the Usain Bolt lack of funds case.

As previously reported by AfroTech, Bolt learned on Wednesday, January 11, that there were discrepancies in the accounts of Jamaican investment firm Stocks and Securities Limited (SSL).

Bolt was “shocked to discover” that at least $12.7 million had been withdrawn from his account, leaving only $12,000.

According to Bloomberg, Bolt’s attorney, Linton P. Gordon B., said it was “disastrous news for everyone.” “Of course, in the case of Mr. Bolt, who opened this account as part of his personal pension.”

This has prompted the Financial Research Division and Financial Services Commission stocks to further investigate the issue that caused the loss affecting the bank’s non-bolt clients, reports Atlanta Blackstar. .

A Nationwide 90FM report implicates Jean-Ann Panton, an employee who acts as a client relationship manager.

In a copy of the affidavit recovered by the outlet, Pantone says the money was used to pay for his father’s medical bills. His father was battling cancer.

At the time, she claims there was no set plan for how the stolen money, taken over the years, would be returned to the account.

When her father passed away three years after his diagnosis, she allegedly took additional funds from a client’s bank account to cover funeral expenses.

Atlanta Blackstar reports that in addition to reduced income from employers and need for funds due to the Covid-19 pandemic, it also spent money for other family-related reasons.

Pantone is said to have withdrawn about $900,000 from about 40 individuals and about $119,000 from additional accounts. She said the funds would have been worth $4 million had they remained in the client’s account.

Note: Amounts are converted to US dollars.

Former group chief executive Zachary Harding told the Jamaica Observer that she handled his finances, although it’s unclear if Pantone handled Bolt’s portfolio.

“My understanding is that he [Bolt] According to the Atlanta Black Star, Harding said Jean-Anne Panton was the only person who traded on his account. , no one knew what they were showing except her, because she was the only one they dealt with.”

Before going to court, Bolt’s lawyers gave the investment firm until Friday to return the money, reports The Guardian at the time of this writing.

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