Usain Bolt Loses Millions to Fraud in Jamaica

News Americas, New York, NY, February 19, 2025: A high-level probe into the missing $12 million investment of Jamaican sprint legend Usain Bolt has revealed that a significant portion of his funds never made it into his account at Stocks and Securities Limited (SSL).

Bolt’s Management Team Deceived with Falsified Documents

According to Nationwide News Network (NNN), forensic investigators – including UK-based Kroll Associates – discovered that Bolt’s principal investment was stolen before ever reaching SSL, exposing a deeper level of fraud than previously suspected.

Fraudulent Schemes Exposed

Reports indicate that Bolt’s management team was deceived with falsified invoices and account statements, allegedly sent by Jean-Ann Panton, the former SSL employee now facing multiple fraud charges. These fabricated documents misled Bolt’s team into believing that his investment was secure and growing, when in reality, the funds had been siphoned off before being deposited into an SSL account.

Recovery Uncertain

The revelation casts doubt on Bolt’s chances of recovering his money, as investigators now question the full extent of the scheme and the likelihood of restitution.

ODPP and FID Investigate Further

Meanwhile, the Office of the Director of Public Prosecutions (ODPP) is still awaiting further documentation from the Financial Investigations Division (FID) to determine whether additional individuals from SSL will face criminal charges. These documents are expected to provide crucial evidence in assessing the depth of the fraud and identifying other possible perpetrators.

Bolt’s Frustration and Call to Action

Jean-Ann Panton, who has allegedly confessed to orchestrating fraudulent activities at SSL for years, remains before the court. Following the scandal, Bolt dismissed a member of his management team who was responsible for overseeing his SSL investments.

In a recent appearance on the podcast ‘The Fix’, Bolt voiced his frustration with the slow progress of the investigation, urging the Jamaican Government to take greater action in facilitating the return of his missing funds.

Conclusion

With these latest findings, Bolt’s fight to reclaim his stolen millions remains uncertain, as authorities and investigators continue to unravel the full scope of the fraud.

Frequently Asked Questions

Q: What is the extent of the fraud uncovered in the Usain Bolt case?
A: A significant portion of Bolt’s funds were stolen before reaching his account at SSL, exposing a deeper level of fraud.
Q: Who is the alleged mastermind behind the fraud?
A: Jean-Ann Panton, the former SSL employee, has been accused of orchestrating the fraudulent activities.
Q: What is the current status of the investigation?
A: The ODPP and FID are still investigating and gathering evidence to determine whether additional individuals will face criminal charges.
Q: How has Usain Bolt reacted to the investigation?
A: Bolt has expressed frustration with the slow progress of the investigation and has called on the Jamaican Government to take greater action in facilitating the return of his missing funds.