Usain Bolt is reeling from a massive loss, with close to $10 million having reportedly disappeared from his personal Stocks and Securities Limited (SSL) retirement fund at some point in January.
That is according to the Jamaica Observer, which is claiming the track and field icon is the victim of a scam that has cost him $9,998,000, leaving him just $2,000 in said account.
The Jamaica Gleaner has also reported, via YouTube, that Bolt’s “retirement funds were wiped out,” while there are “fears he won’t recover money.”
The Jamaican sprinter is said to be one of 30 people who lost a collective $1.2 billion, with a company employee alleged to have orchestrated the scam along with an outside wealth advisor. Suspicions surfaced as far back as last August, yet the individual in question was still employed by the firm as of last Wednesday.
Whether or not the funds are recoverable is still unknown.
According to the reports, Bolt’s account was made up of money he earned from his ambassadorship deal with sportswear brand Puma, which started in 2013. Bolt is believed to have earned $10 million a year as a result of the contract and hadn’t made a single withdrawal from the account since it was opened in 2012.