'Stressed' Bolt remains loyal to Jamaica, declares he is not broke

By Sports Desk January 27, 2023
Usain Bolt Usain Bolt

The man at the centre of a JMD$3 billion fraud investigation involving investment firm Stocks and Securities Limited, eight-time Olympic champion Usain Bolt on Friday declared his loyalty to Jamaica and that he is not broke despite the potential loss of an estimated US$12 million or about JMD$2 billion.

Bolt was hardest hit in the scam that has impacted about 40 clients of SSL and the matter is being aggressively investigated by the Jamaican police and the Federal Bureau of Investigations (FBI). Bolt’s lawyers have written to the investment firm demanding the return of his money within 10 days or face legal consequences. Those 10 days expired on Friday.

Earlier, while speaking at a sponsors’ luncheon for the 2023 Gibson Relays, Bolt assured his fellow Jamaicans that he remains loyal to his country despite the ongoing matter, which he described as being stressful.

“No matter what’s going on right now, Jamaica is my country and that will never change and I will always love my country and will do everything in my power to uplift this country no matter what’s going on,” Bolt told the gathering at the Jamaica Pegasus Hotel in Kingston.

Speaking with members of the media afterwards, Bolt also revealed that he fired former business manager Norman Peart refuting claims made by Peart that their parting was amicable. “It’s simple, he was fired,” Bolt said. “It was not amicable, he was fired.”

Regarding the potential lawsuit against SSL, Bolt said, “Well, it’s 10 days, so give it time and you will see what will happen.”

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