Usain Bolt’s retirement investment at Stocks and Securities Limited (SSL) is supposedly gone due to a big scam, according to recording artist Cham, formerly known as Baby Cham, who is pleading with Prime Minister Andrew Holness and Finance Minister Nigel Clarke to issue a statement.
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After fraudulent conduct by a former employee of the firm was uncovered, Bolt, who reportedly put just under $10 million in SSL, is believed to have only had US$2,000 left in his account.
Cham demanded action from those in control and questioned why there had been no reaction from the appropriate authorities.
“How someone like Usain Bolt that has given the country so much and has done so much for the country, tourism on a whole, just giving so much joy to the people… how them can fraud this man of his retirement money and I don’t hear the minister of finance [Nigel Clarke] speaking out, I don’t hear the prime minister [Andrew Holness] speaking out? I don’t hear the people who we put in this power to oversee and make sure they protect Jamaicans?” Cham inquired.
The “Ghetto Story” singer remarked that this fraud case projected an ill image on the entire country and challenged it that “Jamaicans shouldn’t invest in our own country?”
Cham continued by asking Holness and Clarke to outline the steps that will be taken to “make sure Usain can smile.”
“He deserves that, he has given all of us so much joy and has done so much for the country,” Cham said.
Although the former sprinter-turned-actor has yet to publicly comment on the fraud case, Bolt sent a mysterious message on his social media accounts on Monday.
“In a world of lies….where is the truth? The history evil….what is the root? …money #CrypticWorld,” Bolt posted along with a dark image on his Instagram feed.
Bolt is one of more than 30 individuals whose SSL assets are thought to have been defrauded by a wealth advisor.
As of last Thursday, SSL had, “become aware of fraudulent activity by a former employee of the company”. according to a statement it released.
It is estimated that almost $1.2 billion was stolen.
