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World’s Fastest Man Usain Bolt Defrauded of $12.7 Million

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World's Fastest Man Usain Bolt Defrauded of $12.7 Million

The World’s fastest man Usain Bolt from Jamaican sprinter told reporters that he is perplexed about how $12.7 million of his money went missing from a local private investment firm that authorities are investigating as part of a massive fraud that began more than a decade ago.

Bolt also stated that he fired his business manager, adding that the split was not amicable.

When asked if he was “broke,” the former athlete laughed.

“I’m not broke, but it’s dampened my spirits,” he said. “It was for my benefit. Everyone knows I have three children. I’m still concerned about my parents and want to live comfortably.”

According to Bolt’s attorneys, the athlete’s account with Kingston-based Stocks and Securities Limited has been reduced from nearly $12.8 million to around $12,000. They gave the company until Friday to return the funds or face civil and criminal charges.

As of late Friday, it was unclear whether any action had been taken. Attorney Linton P. Gordon did not respond to a request for comment.

According to the Jamaica Observer, the public should expect the “expected and unexpected” in the case.

“Given what is going on, there is nothing to say at this point,” he was quoted as saying. “We met with people and are dealing with certain issues.”

Usain-Bolt

Usain Bolt perplexed

Jamaican Finance Minister Nigel Clarke announced earlier this week that the director of the Financial Services Commission was stepping down and that the Bank of Jamaica would now be in charge of regulating the island’s financial system.

He claimed that the alleged fraud impacted several government agencies and elderly customers.

“It’s always a depressing situation. “Disappointed,” Usain Bolt said of the elderly victims. “Everyone is perplexed… “I’m as perplexed as the general public.”

Jamaican authorities have asked the FBI and other unidentified international experts for assistance, claiming that clients were given false statements about their balances as part of the alleged fraud. Officials have not yet stated how many clients were affected or how much money is missing.

Earlier that day, Bolt mentioned the alleged fraud during a sponsored luncheon for an upcoming relay.

“As you are all aware. “I’ve had a tough week, a few tough weeks,” he admitted, adding that he would continue to do everything he could to help his island.

“Regardless of what’s happening right now, Jamaica is my country. That will not change,” he stated.

“I’m just trying to focus on my family and not think too much about it because it’s a difficult situation,” he said in an aside to reporters.

Stocks and Securities Limited did not respond to a request for comment on Friday. Earlier this month, the company notified authorities that a manager had allegedly committed fraud.

Jamaican Prime Minister Andrew Holness announced earlier this week that his government would not bail out the company.

“The government will not socialize any debt, and we will not socialize our banks’ failure,” he stated.

Usain-Bolt

Usain Bolt Jamaican athlete

Usain Bolt, full name Usain St. Leo Bolt, (born August 21, 1986, Montego Bay, Jamaica), is a Jamaican sprinter who won gold medals in the 100-meter and 200-meter races in three consecutive Olympic Games and is widely regarded as the greatest sprinter of all time.

In his adolescence, Bolt, the son of grocers in Jamaica’s rural Trelawny parish, excelled as a cricket fast bowler. He grew up idolizing the European football (soccer) teams Real Madrid and Manchester United, but his high school coaches directed him toward track and field.

Bolt made his mark as a track prodigy for the first time at the 2002 World Junior Championships. In that meet, in front of 36,000 spectators at Jamaica’s National Stadium in Kingston, Bolt—then 15 years old—won gold in the 200 meters, becoming the youngest-ever male world junior champion in any event. At 16, Bolt set the junior (age 19 and under) 200-meter world record of 20.13 seconds; at 17, he ran the event in 19.93 seconds, becoming the first teenager to do so.

Bolt won gold medals in his three signature events (100 meters, 200 meters, and four 100-meter relays) at the 2015 world championships, and his fourth career 200-meter gold extended his world championship record for most wins in that race.

He cemented his status as the greatest sprinter in history at the 2016 Olympic Games in Rio de Janeiro, where he won gold medals in the 100-meter, 200-meter, and 4 100-meter relay events, becoming the first person to win gold medals in both individual sprints in three consecutive Olympics.

He retired from athletics following the 2017 World Championships, where he won a bronze medal in the 100-meter sprint and finished eighth as a member of the 4 100-meter relay team after injuring his hamstring in the final.

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2-Time French Open Runner-Up Dominic Thiem Loses In Qualifying In Final Roland Garros Appearance

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Thiem | NDTV Image

PARIS — Dominic Thiem, a two-time runner-up, was knocked out in the second round of qualifying at the French Open.

Otto Virtanen defeated Dominic 6-2, 7-5 on Court Suzanne Lenglen, and Dominic will miss his 11th and final appearance in the clay-court Grand Slam main draw.

thiem

Thiem | AP News Image

2-Time French Open Runner-Up Dominic Thiem Loses In Qualifying In Final Roland Garros Appearance

Dominic, who reached the Roland Garros finals in 2018 and 2019, revealed earlier this month that he will retire at the end of the year after struggling to regain peak form following a wrist injury.

Following his defeat, Dominic received a standing ovation during a goodbye ceremony, with chants of “Thank you Domi, Thank you Domi.”

Dominic, a former US Open champion, has plummeted to 131st in the rankings and failed to obtain a wildcard into the French Open. He didn’t keep a grudge.

thiem

Thiem | The Times Image

2-Time French Open Runner-Up Dominic Thiem Loses In Qualifying In Final Roland Garros Appearance

“I slowly built up a great, great relationship with the tournament, relationship with all of you guys, with all fans,” stated Dominic. “I’ve really enjoyed every single year of it.”

The 30-year-old Austrian won his only Grand Slam at Flushing Meadows in 2020. Dominic defeated Alexander Zverev in five sets, becoming the first man in 71 years to recover a two-set deficit in a U.S. Open final.

thiem

Thiem | Reuters Image

2-Time French Open Runner-Up Dominic Thiem Loses In Qualifying In Final Roland Garros Appearance

Dominic also finished second at the 2020 Australian Open, reaching a career-high No. 3 ranking that year. He remained in the top five until June 2021, when he hurt his right wrist, which kept him out for nine months and has hindered his playing ever since.

Dominic has a total of 17 titles.

SOURCE – (AP)

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Stenhouse Fined $75,000 By NASCAR, Busch Avoids Penalty For Post All-Star Race Fight

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Concord, North Carolina – NASCAR penalized Ricky Stenhouse Jr. $75,000 on Wednesday for clashing with Kyle Busch following the All-Star race at North Wilkesboro Speedway. Stenhouse’s father, who participated in the fray, was suspended indefinitely.

Busch was not penalized for his actions during the Sunday night race

The two collided on the first lap, and Busch appeared to intentionally destroy Stenhouse on the second lap. Stenhouse put his damaged Chevrolet in Busch’s pit stall, forcefully mounted the spotter’s ladder, and spoke with Busch’s crew members.

Stenhouse then stormed to his carrier, allowing his car to be taken to the pits.

NASCAR

NASCAR | AP News Image

Stenhouse Fined $75,000 By NASCAR, Busch Avoids Penalty For Post All-Star Race Fight

He also hinted that he’d return after the race to confront Busch. The two exchanged brief words before Stenhouse, dressed in shorts and a t-shirt, delivered a right hook to Busch, sparking a melee involving members of both teams. Stenhouse’s father, who has no association with the team, then confronted Busch, throwing fists.

On Wednesday, NASCAR banned Stenhouse mechanic Clint Myrick for eight races and engine tuner Keith Matthews for four races.

NASCAR

NASCAR | AP News Image

Stenhouse Fined $75,000 By NASCAR, Busch Avoids Penalty For Post All-Star Race Fight

Stenhouse has pledged to wreck Busch this Sunday in the Coca-Cola 600 at Charlotte Motor Speedway.

“Bring it,” Busch responded. “I suck as bad as you,” meaning that neither driver is having a fantastic season.

Neither driver has won any races this season. Busch is 13th in the points standings, while Stenhouse, a single-car team, is 26th.

Busch’s vehicle owner isn’t taking Stenhouse’s warning lightly, though. Richard Childress has threatened to fight Stenhouse if he gets near Busch’s car at Charlotte Motor Speedway.

NASCAR

NASCAR | AP News Image

Stenhouse Fined $75,000 By NASCAR, Busch Avoids Penalty For Post All-Star Race Fight

The Coca-Cola 600 is the longest Cup Series race of the season, so Busch and Stenhouse will have plenty of time to catch up on the 1.5-mile track. They will undoubtedly keep a close eye on the feuding drivers.

SOURCE – (AP)

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US Open Champ Coco Gauff Calls On Young Americans To Get Out And Vote. ‘Use The Power That We Have’

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Gauff | AP News Image

ROME – She won the U.S. Open. The best-paid female athlete in the world. And a disgruntled Floridian.

American tennis player Coco Gauff has always been eager to use her voice.

Not when she was 16 and gave an impromptu speech at a Black Lives Matter event. And not now, at the age of 20, when she will be voting for the first time in a presidential election in the United States later this year.

Gauff, one of the favorites when the French Open begins on Sunday in Paris, recently spoke with The Associated Press about the present political situation in her home state.

She commented that it’s “a crazy time to be a Floridian, especially a Black one.”

gauff

Gauff | Britannica

US Open Champ Coco Gauff Calls On Young Americans To Get Out And Vote. ‘Use The Power That We Have’

Gauff referred to a two-year debate over removing books from Florida schools that started with a bill that Republican Gov. Ron DeSantis signed, saying, “We aren’t happy with the current state of our government in Florida, especially everything with the books and just the way our office operates.”

Last month, DeSantis backtracked on the measure by signing a bill that limited its scope. He accused liberal activists of violating the law rather than the individuals whose objections to specific books account for the majority of book withdrawals from school libraries and classrooms.

“At the end of the day, it comes down to the youth and the community being outspoken,” Gauff told the Italian Open last week. “So I encourage everyone to vote and to utilize their voice, regardless of who they vote for. There’s no point whining about the world’s political atmosphere if you don’t vote.”

Gauff has been speaking out against racial inequality and police violence since her 2020 statement in front of Delray Beach’s City Hall.

“I feel like sometimes in my generation, people think their vote doesn’t count,” Gauff explained. “We should just all just use our voices and use the power that we have.”

When contacted about Gauff’s comments in an email, DeSantis’ staff chose not to directly address them, instead saying the state is “thriving.”

Gauff will not be advocating for any specific candidate in the general election.

“I will keep who I vote for to myself,” she replied. “I’m not publicly backing any candidate.”

Gauff remains a well-known character in the Delray Beach neighborhood. In March, she revealed rebuilt courts at the public park where she used to play. She’s also been playing with the coordinates of the Pompey Park courts imprinted on the toes of her left tennis sneaker.

Gauff’s father, Corey, wrote on the toes of her right sneaker, “You can change the world with your racket.”

Teen Success

gauff

guaff | AP news Image

US Open Champ Coco Gauff Calls On Young Americans To Get Out And Vote. ‘Use The Power That We Have’

Gauff became the first American teenager to win the U.S. Open since Serena Williams did so in 1999.

According to the sports-business publication Sportico, Gauff became the world’s highest-paid female athlete last year, earning $22.7 million in prize money and endorsements thanks to her New York crown.

She had already made a name for herself as the youngest qualifier in Wimbledon history at 15, and she advanced to the fourth round in her Grand Slam debut in 2019. Then, in the 2022 French Open, she made her first major final and finished second to Iga Swiatek.

Snails with Hot Chocolate

Gauff believes she still has unfinished business in Paris after losing to Swiatek at Roland Garros in 2022.

Because Paris is her favorite place.

She initially visited the city when she was 10 years old and was offered to train at Patrick Mouratoglou’s academy, Williams’ former coach.

The city where she won her first junior Grand Slam championship, the French Open girls’ trophy, in 2018.

“I fell in love with the city because I went at such a young age and it felt so magical and I think that feeling has just stayed with me,” Gauff explained.

While she’s still learning to speak French—”I’ve been on and off learning since I was really 10 years old. But one day, hopefully, I’ll get there” — Gauff has developed an appetite for Paris’ culinary delights.

So, what foods does she enjoy in Paris?

“A lot of croissants, certainly. Escargot is something I like. I know it’s hit or miss with some folks, but don’t be too concerned about the snails,” Gauff explained. “Crème brûlée is pleasant. And foie gras is tasty. In addition, there is hot chocolate. There is good hot chocolate in Paris.”

MET ZENDAYA

Zendaya, who stars in the tennis film “Challengers,” has yet to meet.

Brad Gilbert, Gauff’s coach, served as Zendaya’s tennis adviser for the film, and the actress recently expressed her desire to meet Coco.

“It’s kind of her court,” Gauff added. “I’m not sure because we are both busy. But it’s going to happen. I simply don’t know when.”

Zendaya sent flowers to Gauff to celebrate her U.S. Open victory after Gilbert revealed the player’s home address

Could Gilbert function as a go-between for Zendaya and Gauff’s meeting?

“I think Zendaya has way more pull than Brad does,” Gauff laughed.

Olympic goals

This year at Roland Garros, the third-ranked Gauff aims for more than simply the French Open. She also hopes to win gold in multiple events at the Paris Olympics.

gauff

Gauff | ABC News Image

US Open Champ Coco Gauff Calls On Young Americans To Get Out And Vote. ‘Use The Power That We Have’

Tennis will be played in Roland Garros during the Olympics, and Gauff is particularly motivated after missing the Tokyo Games due to a coronavirus infection.

“It’s at the top of my priority list,” said Gauff, who wants to play singles, doubles, and mixed doubles. “Winning a medal would mean almost as much as completing the Grand Slam. While I would want a Grand Slam, I would prefer a gold medal in doubles. I want to win a medal.

“It’s just something unique that I can relate to, like a track athlete or a gymnastic athlete,” said Gauff.

While Gauff does not intend to live in the Athletes community full-time — “because I heard the village is far from Roland Garros” — she does have a list of Olympians from different sports she wishes to meet.

Simone Biles is ranked first, followed by Sha’Carri Richardson and Katie Ledecky.

“Maybe some WNBA players, too,” Gauff added. “I don’t know if Caitlin Clark is going to make the USA team, but that would be cool.”

SOURCE – (AP)

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