Athletics
Bolt lawyers allege eight-time Olympic champion missing $12.7 million
Lawyers for Usain Bolt have alleged that more than $12.7 million (£10.3 million/€11.7 million) is missing from an account belonging to the eight-time Olympic gold medallist.
Claims that the legendary Jamaican sprinter was missing millions of dollars from an account with investment firm Stocks and Securities Limited (SSL) first emerged in The Gleaner last week, and lawyers for Bolt are seeking the return of the money.
Linton Gordon, a lawyer for Bolt, has said that Bolt now has just $12,000 (£9,700/€11,100) in the account having once had $12.8 million (£10.3 million/€11.8 million), and provided the Associated Press with a copy of a letter sent to SSL.
“If this is correct, and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client,” the letter from Bolt’s lawyers reads.
They have threatened civil and criminal action if the money is not returned within 10 days.
SSL has not responded to an Associated Press request for comment.
It has asked clients to direct all queries to Jamaica’s Financial Services Commission (FSC) and has said it is “closely monitoring the matter”.
SSL has warned that several of its clients may be missing millions of dollars after it discovered the fraud earlier this month.
The FSC announced on Monday (January 16) that it would appoint a special auditor to look into allegations of fraud.
Financial authorities have assumed temporary management of SSL, which requires Government approval for any transactions.
Jamaica’s Finance Minister Nigel Clarke said: “I am in shock, and feel a profound level of anger and disgust, at the alarming and evil fraud that has allegedly been committed at Stocks and Securities Limited.”
Bolt retired from athletics in 2017, and is one of the highest-earning stars in his sport’s history.
Widely regarded as one of the greatest athletes of all time, the now 36-year-old is the only man to have won three consecutive 100 metres and 200m Olympic titles, which he achieved from Beijing 2008 to Rio 2016.
He finished his career with eight Olympic golds after contributing to men’s 4x100m relay success at London 2012 and Rio 2016.
Jamaica were stripped of their victory in that event at Beijing 2008 because of Nesta Carter’s positive doping test.
Bolt is the most decorated male athlete at the World Athletics Championships with 11 gold medals, and still holds world records of 9.58sec and 19.19 in the 100m and 200m respectively, set in 2009.
-insidethegames
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.
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.
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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