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How Usain Bolt was scammed out of millions of dollars



Usain Bolt was in tears when he attended the funeral of his late friend Germaine Mason

Usain Bolt, the fastest sprinter of all time, has met someone even faster than him – the person who stole $12.7 million from him.

The retired Jamaican athlete became the victim of a massive scam as he saw the $12.7 million he had in an investment company become $12,000 in just over two months. That happened at the tail end of 2022.

Usain Bolt’s lawyers had given whoever stole the money a 10-day window to return it. Despite this, the money did not return and Bolt was forced to try and take action.

The question is, where exactly has Botlt’s money gone? At the moment, neither he nor the FBI knows. Yes, it’s become a federal issue due to the enormity of the theft

The FBI investigates the facts

The FBI is investigating the events together with the Jamaican government, headed by the Minister of Finance, Nigel Clarke, who has apologized to those affected by the fraud and requested international assistance.


The money he lost, held by a company known as ‘Stocks and Securities Limited (SSL)’, is obviously a huge blow to the former Olympian. Speaking to the Jamaican Observer, the sprinter said he was “not ruined, but he was hit” after losing a significant part of his assets.

“The losses have hit me. Everyone knows that I have three children and that I take care of my parents,” Bolt acknowledged in the Jamaican Observer.

In addition, Usain Bolt affirms that part of that money was going to be destined to go towards social work in Jamaica, since the athlete has always been very committed to all kinds of issues within his country.

‘I love my country’

“It is sad, because I have lost what I have worked hard for. But no matter what is happening, I love my country and I will always love it. I will do everything in my power to help,” said the athlete.

Bolt left a clear message on social networks. “In a world of lies, where is the truth? The Evil of History. What is the root? Money”.


In addition to Usain Bolt, Nigel Clarke has reported that there are about 40 people more affected in the SSL fraud.

The amount of the fraud ascends, for the moment, to $3 billion dollars, which makes Bolt’s 12 million seem anecdotal in comparison.

According to Forbes magazine, Usain Bolt exceeded 100 million dollars in assets before these events occurred.

Far from broke

So despite the economic setback, the former Jamaican athlete should still have around $90 million of assets left.

Luckily for Usain Bolt, he plans to launch his own line of Puma sneakers – in true Michael Jordan style – if all goes well, he should quickly recover his lost fortune


Kunle Solaja is the author of landmark books on sports and journalism as well as being a multiple award-winning journalist and editor of long standing. He is easily Nigeria’s foremost soccer diarist and Africa's most capped FIFA World Cup journalist, having attended all FIFA World Cup finals from Italia ’90 to Qatar 2022. He was honoured at the Qatar 2022 World Cup by FIFA and AIPS.


Behold, CAS statement on Tobi Amusan



Nigeria’s Tobi Amusan is the winner as the Court of Arbitration for Sports, CAS has rejected the appeals filed by World Athletics and  WADA.

The decision confirms the decision taken by the World Athletics disciplinary tribunal finding that Tobi Amusan did not commit any anti-doping rule violation.

Here is the full statement of CAS.

The Court of Arbitration for Sport (CAS) has dismissed the appeals filed by

World Athletics (WA) and by the World Anti-Doping Agency (WADA) against the decision issued on 17 August 2023 (the Challenged Decision) by the World Athletics Disciplinary Tribunal (WADT) in relation to the hurdler Oluwatobiloba (Tobi) Amusan (Nigeria).

Accordingly, the Challenged Decision in which the WADT considered that Tobi Amusan did not violate Rule 2.4 of the WA Anti-Doping Rules (WA ADR) and that no period of ineligibility should be imposed on the Athlete is confirmed.

The Athlete was initially charged with committing an Anti-Doping Rule Violation (ADRV) under Rule 2.4 WA ADR following three alleged Whereabouts Failures within a 12-month period.

In their respective appeal to CAS, WA and WADA had sought the imposition of a two-year period of ineligibility. The CAS Panel held a hearing on 19 January 2024. Having deliberated, the CAS Panel has issued its decision today dismissing both appeals. The CAS Panel unanimously acknowledged that the Athlete committed two filing failures but did not confirm the existence of a missed test, alleged by WA and WADA, which would have been the third Whereabouts Failure committed within a 12-month


period. Accordingly, the CAS Panel concluded that the Athlete did not commit an ADRV and that the Challenged Decision should be confirmed.

The reasoned award will be published by CAS unless the parties request confidentiality.

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Tobi Amusan floors WADA and World Athletics!



Tobi Amusan’s Trial Begins Today -

Nigeria’s Paris 2024 medal hopeful, Tobi Amusan has been cleared as the Court of Arbitration for Sports (CAS) has dismissed the appeal filed by World Anti-Doping Agency (WADA) and the World Athletics.

 She is therefore cleared to feature at the Paris 2024 Olympics. Amusan is the 100m hurdles world record holder.

The athlete  was charged in July last year with missing three anti-doping tests in 12 months but was cleared of the offence by the Disciplinary Tribunal of the sport’s governing body, World Athletics.

The Integrity Unit of the World Athletics appealed the clearance which has now been dismissed by CAS, the final arbiter in the case.

CAS in its statement remarked that its panel “unanimously acknowledged that the athlete committed two filing failures but did not confirm the existence of a missed test, alleged by WA and WADA, which would have been the third Whereabouts Failure committed within 12 months.”


Amusan set the world record of 12.12 seconds in the world championships in Eugene, Oregon, in July 2022 and went on to win the title.

She finished sixth in the world championships in Budapest last year.

World Athletics’ anti-doping rules say any athlete failing to declare their whereabouts for a doping test on three occasions over 12 months is ineligible to compete for two years.

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Tobi Amusan thanks God for success at CAS in doping case



An elated Nigeria’s 100m hurdles world record holder, Tobi Amusan has thanked God for her success in an appeal filled against her by the Athletics Integrity Unit  of the World Athletics.

Had the appeal been upheld, ,Amusan would  have has to miss the Paris 2024 Olymoics.

“It’s ALL GOD” Amusan said in an Instagram post alongside the court’s announcement.

Amusan, who broke the world record during her semi-final race at the 2022 world championships, is a hot favourite in her signature event at the Paris Olympics, which begin on July 26.

World Athletics and WADA did not immediately respond to Reuters’ request for comment.

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