SSL threatened with legal action if funds missing from Usain Bolt’s account are not returned
Embattled financial investment entity Stocks and Securities Limited (SSL) has been ordered to repay millions of dollars taken from the account of Usain Bolt within 10 days or face legal action.
Bolt is among several clients of SSL whose monies were depleted from their accounts, through fraudulent action, on the part of a former employee, over some years.
Bolt’s attorney Linton Gordon has written to SSL, demanding that the money be returned.
Mr. Gordon said up to October last year, Bolt’s account had over US $12m but has since been depleted to just over US $12,000.
He said if the funds are not returned, bolt is prepared to pursue both civil and criminal suits.
Mr. Gordon has also taken issue with the Financial Services Commission, as he believes the commission has not adequately monitored the SSL.
The SSL has up until January 27 to comply.