Usain Bolt has described his efforts to recover over $12.7 million missing from his account with the Jamaican investment firm Stocks and Securities Ltd (SSL) as a “stressful situation.”
The 36-year-old world record holder learned earlier this month that his account balance had dropped to just $12,000, according to his lawyer, Linton Gordon.
At the Gibson McCook Relays launch in Kingston, where Bolt was announced as the ambassador for the 50th anniversary of the athletics meet, he spoke about the situation.
Bolt emphasized the challenge of dealing with the financial loss but indicated that his athletic career had helped him maintain perspective. “It’s tough you know, but I think through the years I’ve competed it has helped me to understand and focus on what matters,” he said.
Bolt has decided to leave the legal matters in his lawyer’s hands and focus on his family, stating that he would try not to dwell too much on the issue due to the stress it brings.
SSL has acknowledged fraudulent activity by a former employee and has referred the case to law enforcement, taking steps to secure assets and improve its protocols.
The Jamaica Constabulary Force is investigating the alleged fraudulent activities affecting Bolt’s account and those of other individuals. Bolt’s account was meant to serve as a pension for himself and his parents.
The sprint legend, who retired in 2017, remains a prominent figure in athletics and continues to make headlines for his achievements and off-field challenges.