Brandon Caldwell is a freelance writer. His work has appeared in The FADER, Entertainment Weekly, Pitchfork, VIBE, Complex, EBONY, the Village Voice, the Houston Press and more. Follow him on Twitter: @_brandoc
Source: ADRIAN DENNIS / Getty
Usain Bolt wowed the globe with his feats on the track, setting world records in the 100M, the 200M and the 4x100M but now the sprinter and his lawyers are accusing a private investment firm in his native Jamaica of taking nearly $13 million from his account.
RELATED: Usain Bolt & Kasi Bennett Share Photos Of Twin Newborn Sons
RELATED: Usain Bolt Says Sha’Carri Richardson ‘Talking A Lot Of Sh*t’ Upset Jamaicans: “Back It Up”
According to the Associated Press, authorities are investigating the matter as Bolt’s attorney sent a letter to Stocks & Securities Limited demanding the sprinter’s money be returned. Per attorney Linton P. Gordon, Bolt’s account once held $12.8 million but now reflects a current balance of only $12K.
“If this is correct, and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client,” Gordon wrote in his letter.
The firm faces a threat of civil and criminal action if the money is not returned within ten days. Jamaica’s Financial Services Commission is investigating Stocks & Securities Limited.
“We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available,” the company said.
RELATED TAGS
An Urban One Brand
Copyright © 2023 Interactive One, LLC. All Rights Reserved.
Powered by WordPress VIP
An Urban One Brand
Copyright © 2023 Interactive One, LLC. All Rights Reserved.
Powered by WordPress VIP