Usain Bolt fires his business manager in the ongoing fraud case.
On Friday, the Jamaican sprinter spoke with reporters about the recent fraud case and said he’s confused on how his money has gone missing.
If you’re not aware, Bolt recently discovered that $12.7 million has gone missing from his account with a local private investment firm. Bolt’s attorneys says the professional athlete’s account with Stocks and Securities Limited has decreased drastically to $12,000.
At the time, attorney Linton Gordon said Bolt had not made any withdrawals or transfers from the account. Bolt’s legal team gave the firm only a few days to recover the funds, or legal actions would be pursued.
Nevertheless, Bolt says parting ways with his former business manager was conflict-free. He also clarified that he is not “broke” despite missing a large chunk of funds.
“I’m not broke, but it’s definitely put a damper on me,” he said. “It was for my future. Everybody knows I have three kids. I’m still looking out for my parents, and I still want to live very well.”
In addition, Bolt added that the entire mishap has been a “stressful situation” but will continue to let his lawyers handle the issue.
“It’s tough you know, but I think through the years I’ve competed it has helped me to understand and focus on what matters,” Bolt added. “I will leave the matter in my lawyer’s hands and focus on my family, try not to think too much about it because it’s a stressful situation.”
Jamaican Finance Minister Nigel Clarke announced, earlier this week, that the Bank of Jamaica was taking over the island’s financial system as the director of the FSC has stepped down.
