Investigation launched into company which handles Usain Bolt’s investments as ‘millions go missing’

A company which handles investments for sprinting legend Usain Bolt is now under investigation after reports that he may have lost millions of pounds to fraud.

Bolt is believed to have a net worth in the region of £70m after a career which has seen him widely regarded as one of the greatest sportsmen of all time.

In his prime he was making tens of millions a year with Forbes revealing he had netted over £25m in the 12 months prior to his final Olympics in 2016.

Financial authorities in Jamaica have now said they are investigating allegations of fraud at Stocks & Securities Ltd, a private wealth management company based in the capital of Kingston, Jamaica. 

In a report in the Jamaica Gleaner, Bolt´s manager, Nugent Walker, was quoted as saying that Bolt has invested with the company for more than a decade and that his entire portfolio is being reviewed after he noticed discrepancies in his account. 

Jamaica’s Financial Services Commission (FSC) has now placed the firm in ‘enhanced oversight’ following the allegations.

A company which handles investments for the Olympic great is now under investigation

The Gleaner report claims that millions of dollars were missing from the account.

The FSC said it was ‘aware of reports of allegations of fraud’ and that the oversight process would allow it to monitor the movement of funds and securities into and out of the investment trust.

‘The FSC will simultaneously continue its investigations into matters related to SSL,’ it added.

SSL have intimated that a former employee was behind the alleged fraud and added it had ‘referred the matter to the relevant law enforcement authorities’.

Bolt was reportedly earning over £25m a year during the height of his running career