Black sports stars who lost their fortunes to fraud schemes

Usain Bolt

Jamaican legendary sprinter and eight-time Olympic gold medalist Usain Bolt is one of the greatest all-time sportsmen in history. Bolt lost $12.7 million to investment fraud in his country, Jamaica. Gulf News reported that the 36-year-old track and field king was informed in January 2023 that his account balance at the Kingston-based Stock and Securities (SSL) had mysteriously shrunk to $12,000 from its earlier balance of millions.

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