SAN JUAN, Puerto Rico (AP) — Jamaican sprinter Usain Bolt told reporters Friday that he is baffled over how $12.7 million of his money has gone missing from a local private investment firm that authorities are investigating as part of a massive fraud that began more than a decade ago.
When asked if he was “broke,” the retired star athlete laughed.
“I’m not broke, but it’s definitely put a damper on me,” he said. “It was for my future. Everybody knows I have three kids. I’m still looking out for my parents, and I still want to live very well.” Bolt’s attorneys have said the athlete’s account with Kingston-based Stocks and Securities Limited dwindled from nearly $12.8 million to some $12,000. They had given the company until Friday to return the money or face civil and criminal action.
It wasn’t immediately clear whether any action had been taken as of late Friday. Attorney Linton P. Gordon did not return a message seeking comment.He told the Jamaica Observer newspaper that the public should anticipate the “expected and the unexpected” in the case. “There is nothing to say at this stage, given what is happening,” he was quoted as saying. “We have met with persons, and we are dealing with certain matters.”
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