Regional
Usain Bolt Retirement Fund Reportedly Wiped Out
JAMAICA – Jamaican sprint legend Usain Bolt is facing a possible wipeout of his investment in Stocks and Securities Limited (SSL) after what sources say was a massive fraud amounting to more than $1.2 billion.
JAMAICA – Jamaican sprint legend Usain Bolt is facing a possible wipeout of his investment in Stocks and Securities Limited (SSL) after what sources say was a massive fraud amounting to more than $1.2 billion.
Last Thursday SSL issued a statement saying that it had “become aware of fraudulent activity by a former employee of the company”.
Bolt is now fearing that the monies, which he had hoped to access in his later years, will likely not be recovered.
A source telling the Jamaica Observer the information was delivered to b\Bolt’s management team last week just before the company went public about the massive fraud. The athlete is among 30 others facing losses.
“We’re In The Chair. We Must Fix It, Bottom Line”
It’s Beginning To Look A Lot Like Christmas At The GB Children’s Home
Colours: “Not A-Class or B-Class, We’re World-Class”
Bahamians Hit The Court In College, NBA
26 New Patient Care Assistants To Strengthen Healthcare Sector
GB Chamber Of Commerce Hosts Media Appreciation Event
$30K Bail for Man Accused of March 11 Murder
New Rides And A New Treat For Your Christmas Memories
Man Accused of 2024’s Second Murder Granted Bail
JWB And Vacation Cafe Ramp Up for New Year’s Eve
Former North Abaco MP Disappointed In Area Development
Chief Supt.: “We Have a System That Is Ineffective and It Favors The Criminals”
“We’re In The Chair. We Must Fix It, Bottom Line”
It’s Beginning To Look A Lot Like Christmas At The GB Children’s Home
Colours: “Not A-Class or B-Class, We’re World-Class”
Bahamians Hit The Court In College, NBA
26 New Patient Care Assistants To Strengthen Healthcare Sector
GB Chamber Of Commerce Hosts Media Appreciation Event
-
Court2 days ago$30K Bail for Man Accused of March 11 Murder
-
National1 day agoNew Rides And A New Treat For Your Christmas Memories
-
Court2 days agoMan Accused of 2024’s Second Murder Granted Bail
-
Lifestyle2 days agoJWB And Vacation Cafe Ramp Up for New Year’s Eve
-
National1 day agoFormer North Abaco MP Disappointed In Area Development
-
Crime1 day agoChief Supt.: “We Have a System That Is Ineffective and It Favors The Criminals”
-
National2 days agoSir Michael Barnett: Serving On The Bench Is An Awesome Responsibility
-
National11 hours agoColours: “Not A-Class or B-Class, We’re World-Class”