Usain Bolt fires business manager over Jamaica fraud case

Usain Bolt, a Jamaican sprinter, said to reporters on Friday that he is perplexed by the disappearance of $12.7 million of his funds from a local private investment firm that police are looking into as part of a major fraud that started more than ten years ago.

Bolt added that the break with his business manager was not pleasant and that he had sacked him.The former professional athlete chuckled when someone inquired if he was “broke”.

I’m not broke, but it has definitely made me feel worse, he declared. I still wish to live extremely well while watching out for my parents. According to Bolt’s attorneys, his account with Kingston-based Stocks and Securities Limited dropped from around $12.8 million to just under $12,000. “We have talked with people and are addressing some issues.”

The Bank of Jamaica will now be in charge of overseeing the island’s financial industry, Jamaican Finance Minister Nigel Clarke revealed earlier this week. The Financial Services Commission’s director is resigning. He claimed that in addition to numerous government organizations, the alleged scam also impacted senior citizens.

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The scenario is usually depressing. I’m as perplexed as the general public. The FBI and other unnamed international specialists have been asked for assistance by Jamaican officials, who have also claimed that clients were given incorrect information about their balances as part of the suspected fraud.

I’ve had a terrible week, or a few rough weeks,” he admitted, adding that he would keep working as hard as he could to improve his island. “Jamaica is my nation, no matter what is happening right now. That won’t alter at all, he declared.

I’m just trying to focus on my family and trying not to worry too much about it because it’s a difficult situation, he remarked in a side conversation with reporters. A message seeking response sent on Friday was not answered by Stocks and Securities Limited.

Earlier this month, the company notified the police that a management appeared to have engaged in fraud. Jamaican Prime Minister Andrew Holness declared earlier this week that his government will not save the business. He declared, “Neither will the government socialize any debt, nor will we socialize the downfall of our banks.”

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