Jamaica’s government has turned to the FBI for help as it investigates a massive fraud case involving an investment firm that targeted Usain Bolt
Bolt’s attorneys claim athlete’s account is down to $12,000Usain Bolt speaks during an interview in Tokyo last month.Jamaica’s government has turned to the FBI for help as it investigates a massive fraud case involving a private investment firm where $12.7m belonging to renowned sprinterhas gone missing. The fraud lasted 13 years and also ensnared elderly clients and government agencies. Authorities don’t yet know how much was stolen.
The investigation into Kingston-based Stocks and Securities Limited is just starting, so it’s not immediately clear exactly how much money was allegedly stolen or how many people were affected. Clarke said clients were given false statements regarding their balances as part of the alleged fraud. Since then, the commission’s director has resigned, and Clarke has placed the Bank of Jamaica in charge of regulating the island’s financial system.
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