Bolt Bombshell- Retirement funds wiped out; sprinter fears he won't recover money

[BujuBoombastic]

JAMAICAN sprint legend Usain Bolt is staring at a wipeout of his heavy investment at Stocks and Securities Limited (SSL) and is now fearing that the monies, which he had hoped to access in his later years, will likely not be recovered.

A Jamaica Observer source said the information was delivered to Bolt's management team last week just before the company went public about a massive fraud that sources say amounts to more than $1.2 billion.

Bolt is among more than 30 people whose investments at SSL are believed to have been fleeced by a wealth advisor.

Bolt bombshell

JAMAICAN sprint legend Usain Bolt is staring at a wipeout of his heavy investment at Stocks and Securities Limited (SSL) and is now fearing that the monies, which he had hoped to access in his lat...

www.jamaicaobserver.com

@MikelArteta @Caca-faat @Wild self @Diondon @JerkPork @DreadBrown @froggle
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@Megadeus
@BigMan
@Pistolvania Prince

 

[Diondon]

That's fukked up. Breh had $2,000 left in his account out of $10 mil
Like how do you steal so blatantly. the fukk
Or was it a Ponzi-esque taking from Peter to pay paul

 

[Wild self]

 

[Caca-faat]

I wonder if that’s why they fired that woman the other day.

I think she was some kind of hedge fund manager

 

[ORDER_66]

damn hate it had to be him...

EDIT: this is why you diversify...

 

[BujuBoombastic]

 

[BujuBoombastic]

I wonder if that’s why they fired that woman the other day.

I think she was some kind of hedge fund manager

I think she’s being used as a
scapegoat in my opinion

I think they’re all in on it
Imagine working extremely hard for your
money to invest/retire to find out you have nothing in your account

 

[Booker Carver]

I think she’s being used as a
scapegoat in my opinion

I think they’re all in on it
Imagine working extremely hard for your
money to invest/retire to find out you have nothing in your account

Watched that Madoff doc on Netflix this weekend. I can’t imagine. I hate thieves.

 

[NZA]

sorry to hear that. i would be tempted to walk up on the fund manager like jack ruby

 

[Pressure]

That steroid money gone

 

[Big Mountain Hélà]

That steroid money gone

 

[Pressure]

Interesting post considering who fleeces him

 

[IslandG]

Outside of the 10 million, how much is Usain thought to be worth? Imagine Usain having to come out of retirement to compete in athletic competitions to make a buck. Smh.

 

[Pressure]

Outside of the 10 million, how much is Usain thought to be worth? Imagine Usain having to come out of retirement to compete in athletic competitions to make a buck. Smh.

Easily over 60 million. He was making 10 mil a year from puma at one point.

 

[88m3]

Very upsetting but I'm sure he'll be fine