Lawyers for world record sprinter Usain Bolt claim almost all of his money is missing from an account with a private investment firm.
Bolt’s account is now reported to be just $12,000 after originally holding $12.8 million.
“If this is correct, and we hope it is not, then grand theft fraud, or a combination of both, was committed against our client,” Bolt’s attorneys said in a letter to The Associated Press.
Jamaica’s Usain Bolt celebrates winning the gold medal in the men’s 4×100 meters relay final during athletics competitions of the 2016 Summer Olympics at the Olympic Stadium in Rio de Janeiro, Brazil, Friday, August 19, 2016. (AP Photo/Martin Meissner )
Lawyers say they will face civil and criminal action if the money isn’t returned within 10 days.
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Jamaica’s Financial Services Commission is investigating the company in question, Stocks & Securities Limited.
Usain Bolt of Jamaica celebrates winning gold in the Men’s 200m Final during the 2016 Summer Olympics in Rio de Janeiro, Brazil. (AP Photo/David J. Phillip, file)
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“We understand that customers are anxious to receive further information and we assure you that we are closely monitoring the matter throughout all necessary steps and will inform our customers of the solution as soon as this information becomes available,” the commission said.
Bolt’s attorneys sent the letter Monday, the same day Jamaica’s Financial Services Commission announced it was investigating the company. A day later, the financial authorities said they would temporarily take over the management of the private investment firm. It may continue to operate but requires government approval for all transactions.
Jamaica’s Usain Bolt celebrates after leading the team to gold in the men’s 4x100m relay at the World Athletics Championships at the Bird’s Nest Stadium in Beijing, China, Saturday, August 29, 2015. (AP Photo/Darron Cummings)
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Bolt holds the records for the 100 and 200 meters (9.58 and 19.19 seconds respectively) and he is part of the 4×100 team that ran a world record of 36.84 seconds at the London 2012 Olympics.
The Associated Press contributed to this report.