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How Usain Bolt was scammed out of millions of dollars

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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.

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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”.

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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

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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.

Athletics

Committees set up for Gombe Inter Secondary Schools Competition

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Gara Gombe’s firm firms agreement to upgrade Gombe University’s facilities

The chairman of the Main Organizing Committee of Gombe State Inter Secondary Schools Athletic Competition, Ahmed Shuaibu Gara Gombe has set up the supporting bodies for the maiden edition of the event.

  According to a press release, the Main Organizing Committee

 met at the Conference Hall of GOFCECON Hotel to prepare grounds for the hosting of the competition.

In a communique signed by Gara Gombe seven sub -committees were constituted as follows:

1.Technical, Ceremonial, Entertainment and Training

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a) Zainab Ishaku Adamu – Ministry of Youth and sports. Chairman

b) Sani Nuhu Abdullahi – NAATO.  Member

c) Isa Dauda Zambuk – GWG.  Member

d) Prince Simon Ayuba – GWG. Secretary

2. Media and Publicity

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a) Mal Haruna Zakari — GAA. Chairman

b) Uzor Odigbo — GWG. Member

c) Abraham Fashakin- North East Times. Member

d) Yakubu Maikudi – NTA Gombe.  Secretary

3. Accreditation and Security

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a) ASP Jauro Usman – NPF.  Chairman

b) SP I Jerry Ketos Turawa- Gostec.  Member

c) ASC Ishaku Ibrahim – NCDC. Secretary 

4. Accommodation, Transportation and Logistics Committee 

a) Mal Ali Doho – Ministry of Education . Chairman

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b) Mr Adamu Tanko – NAPPS.  Member

c) Obehi Kingspin -NAPPS.  Secretary

5. Medical and Welfare

a) Mohammed Abubakar Ahmed. Ministry of Health- Chairman

b) Red Cross – Member

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c) Stephen Agboh – NAPPS. Secretary

6. General Duties

a) Ahmed Shuaibu Gara Gombe – CEO. GWG. Chairman

b) Mal Musa Garba – GAA Secretary

7. Secretariat  

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a) Ibrahim Audu – Ministry of Education. Chairman

b) Mohammed Musa Baba – Northeast Times. Member

c) Haruna Isah Kalshingi – GWG.  Secretary.

He noted that capacity training would be compulsory for all secondary schools games masters prior to the competition.

In addition to the secondary schools in Gombe State, invitation will be extended to a private and public secondary schools across the six  states of the North East zone.

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There will be free accommodation and feeding for the schools that registered for the invitational relay. The competition is  categorised to feature cadets, youths and 65  under 20 registered schools and approximately.

In all, it is approximated that 2,367 school students will be involved.

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Athletics

Gara Gombe sets up committee for Gombe Inter Schools Athletics Championship

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Former chairman of Gombe State Football Association, Ahmed Shuaibu Gara-Gombe has inaugurated the Main Organising Committee for the Gombe State Inter Secondary Schools Athletics Championship.

Last year at the primary schools edition, over a thousand pupils featured in what was the maiden edition sponsored by Ahmed Shuaibu-Gara Gombe who is also the chairman of the Gombe State Athletics Association. It was held at the Pantami Stadium.

The maiden competition had boys and girls from 47 schools in attendance. On Friday, in fulfilment of a pledge to raise the bar, the organising committee was set up  at the Gombe State University as part of private investment in sports development.

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Athletics

Former 800m world champion Pierre-Ambroise Bosse banned for 16 months

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France’s former 800m world champion Pierre-Ambroise Bosse has received a 16-month ban from the French Anti-Doping Agency after missing three drug tests in the space of nine months. Bosse announced he was quitting athletics late last year due to recurrent injuries.

The sanction comes after the 31-year-old missed three drug tests between September 2022 and June 2023. Bosse had announced his retirement in December, seven months before the Paris 2024 Olympics. He had received notifications of breaches three times, with the period coinciding with his efforts to return to a high-level athletic performance despite grappling with a hamstring injury.

The initial breach occurred on 25 September 2022, when an anti-doping controller arrived at his residence to conduct a test within the athlete’s scheduled time slot, but Bosse was not available. He told French news outlet L’Équipe: “I was one foot in training, one foot on holiday.”

Bosse, who was eliminated at semi-final stage of the Tokyo Olympics, was enduring a thigh problem at the time. Following surgery in December 2022, Bosse embarked on a race against time with the aspiration of competing in his fourth Olympic Games in Paris.

On 1 May 2023, authorities tried to contact him again, but were unable to reach him during a time when he was with family in Nantes. “I wasn’t worried at that time because I had forgotten the previous one and so I thought I only had one. At that moment, I gave up completely.”

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Then a month later, a controller returned to his residence for another scheduled check, but the athlete was evidently absent. He was subsequently informed a few weeks later of a likely two-year suspension for failing to fulfill such obligations. 

Despite feeling dejected and shocked, Bosse attempted to defend himself by attributing the second violation to an issue with the absence of a doorbell.

“I made three mistakes, I accept. It’s true that I haven’t always been the best student when it comes to taking care of my location but, until then, it had never played any tricks on me. I know I should have been more serious but I would like to point out that I have been in the AFLD target group since 2012 and they have all my analyses.”

The 31-year-old was unable to recuperate following surgery on his right thigh last year and had been out of competition since April 2023.

Before his injury troubles he most notably secured fourth place in the 800m at the Rio Games back in 2016, and has yet to recapture the form that led to his crowning as the world champion over 800m in London in 2017. Bosse also got his hands on bronze at the European Championships in both 2012 and 2018.

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Since leaving his beloved sport behind, the Frenchman has starred in two reality TV shows in his homeland and focussed on his association combining sport and ecology which he launched with his friend and former international team-mate Bryan Cantero.

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