Lawyers for world-record sprinter Usain Bolt claim nearly all of his money from private investment firm accounts is missing.
The Bolt account initially held $12.8 million, but is now said to be just $12,000.
In a letter to the Associated Press, Mr Bolt’s attorney said, “If this is true, and I hope it is not, I am not convinced that serious fraud has been committed against our clients, or both. will be,’ he said.
Usain Bolt of Jamaica wins the gold medal in the men’s 4x100m relay final during the 2016 Summer Olympics in Athletics at the Olympic Stadium in Rio de Janeiro, Brazil, Friday, 19 August 2016.
(AP Photo/Martin Meissner)
Lawyers say civil and criminal action will be taken if the money is not returned within the next 10 days.
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The Jamaica Financial Services Commission is investigating the company in question, Stocks & Securities Limited.
Usain Bolt of Jamaica won gold in the men’s 200m final at the 2016 Summer Olympics in Rio de Janeiro, Brazil.
(AP Photo/David J. Phillip, File)
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“We understand that our clients would like to receive more information and we are closely monitoring the issue through all necessary steps and will notify the client of a solution as soon as that information becomes available. We guarantee that
Bolt’s lawyers sent the letter on the same Monday that the Jamaican Financial Services Commission announced it was investigating the company. . It is allowed to continue operating, but the transaction requires approval from the government.
Usain Bolt of Jamaica celebrates after pinning his team to gold in the men’s 4×100 m relay at the World Athletics Championships at the Bird’s Nest Stadium in Beijing, Saturday, 29 August 2015.
(AP Photo/Daron Cummings)
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Bolt holds the 100m and 200m records (9.58 and 19.19 seconds respectively) and was part of the 4×100 team that set a world record of 36.84 seconds at the 2012 London Olympics.
The Associated Press contributed to this report.