International sports

How Usain Bolt lose ova $12.7m to fraud

Na di money dem still dey try recover as di lawyer of di Olympic champion confam say true-true Usain Bolt lose more dan $12.7m (£10.2m) sake of fraud.

Di Jamaica Financial Services Commission (FSC) don put investments firm, Stocks and Securities Limited (SSL), under investigation sake of am.

Usain Bolt, 36 wey retire from sprint race bin invest wit SSL for im home kontri of Jamaica more dan ten years.

“We go drag dem go court if dem no return di funds,” na so lawyer Linton Gordon tok.

“Dis na serious disappointment, and we dey hope say dem go settle di mata in a way wey Oga Bolt go recover im money and go fit live in peace.”

Di Olympic champion bin notice ‘mago-mago’

Bolt manager Nugent Walker follow di Jamaica Gleaner tok say di eight-time Olympic champion bin notice “mago-mago” on how dem take dey handle im money.

Meanwhile, FSC say dem dey “aware of reports of allegations of fraud” and say di oversight process go allow dem see how dem take move funds and securities into and out of SSL.

“Di FSC go simultaneously continue im investigations into mata  wey dey related to SSL,” e add.

SSL say im own internal investigations suggest say na one former employee dey behind di alleged fraud and add say dem don “refer di mata to di relevant law enforcement authorities”.

Bolt bin retire from athletics for 2017 afta im win 11 World Championship gold medals and eight Olympic gold medals.

During di 2008 Beijing Olympics Bolt set new world records for di 100m and 200m.

Im 100m time of 9.572 seconds remain di world record.

 

Source: bbc.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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