Probe Reveals Usain Bolt’s Missing Millions Never … A high-level probe into the missing USD$12 million investment of Jamaican sprint legend Us…

Probe Reveals Usain Bolt’s Missing Millions Never … A high-level probe into the missing USD$12 million investment of Jamaican sprint legend Us…

 

Kingston, Jamaica – July 7, 2025 — A high-level investigation into the disappearance of USD $12 million belonging to Jamaican sprint legend Usain Bolt has uncovered shocking revelations: the funds were never actually invested, according to officials close to the probe.

The probe, launched more than a year ago after discrepancies were found in Bolt’s investment account at Stocks and Securities Limited (SSL), has revealed that the Olympic champion’s retirement fund may have been misappropriated from the very beginning. Despite assurances that the money was being managed and invested on his behalf, investigators now believe that the funds were diverted shortly after being deposited.

Sources familiar with the investigation report that forged documents and manipulated statements were used to create the illusion of a growing portfolio. In reality, there was no evidence of any legitimate investment being made with Bolt’s money.

“This was not a case of bad investments or market losses,” said one senior investigator who spoke on condition of anonymity. “The money never made it to the market. It was siphoned off before it could be used for any financial activity.”

The scandal, which has rocked Jamaica’s financial sector and drawn global attention, came to light in early 2023 when Bolt’s legal team discovered that nearly the entire balance of his investment account—reportedly valued at over USD $12 million—was missing, leaving only about $12,000.

The firm at the center of the scandal, SSL, is currently under strict regulatory scrutiny. Several of its top executives have been questioned, and one former wealth advisor is facing multiple fraud charges. The Financial Investigations Division (FID), the Jamaica Constabulary Force’s Fraud Squad, and the Financial Services Commission (FSC) have all been involved in the multi-agency probe.

“This case is a reminder of the importance of strong regulatory oversight and internal controls,” said Minister of Finance Dr. Nigel Clarke in a statement to the media on Monday. “We must ensure that those who exploit public trust are brought to justice.”

Usain Bolt, an eight-time Olympic gold medalist and global sports icon, has remained relatively quiet on the case, though his attorneys have confirmed that legal action is ongoing. In a brief statement earlier this year, Bolt said he was “devastated” and “betrayed” by the breach of trust, especially given that the funds were earmarked for his post-retirement financial security.

The latest findings have reignited calls for a full overhaul of Jamaica’s investment regulation framework. Experts argue that tighter compliance and digital auditing tools could prevent similar frauds in the future.

Meanwhile, investigators continue to trace the flow of Bolt’s missing millions, with hopes of recovering at least a portion of the stolen funds. International forensic accounting firms have been enlisted to assist in tracking assets that may have been hidden overseas.

As the investigation deepens, Jamaicans and sports fans around the world are left stunned by the scale of the deception — and the fact that one of the most celebrated athletes in history could fall victim to such an elaborate financial scheme.