Sports
Three Senior Officials Charged After Sprinter Was Scammed Out of Millions
Despite being one of the most successful and famous Olympians ever, back in 2023, Usain Bolt was left with just £9,700 in his bank account after falling victim to a scam.
The Jamaican legend was one of over 200 clients who lost large amounts of money with the private investment firm, Stocks and Securities Limited, and Bolt specifically lost a whopping £10 million, which completely vanished without a trace.
Although this was, and still is, a very serious and high-profile case, there have been plenty of criticisms directed at the investigators, who have seemingly moved very slowly in trying to find out what truly happened.
Progress has now finally been made, however, after an almost three-year-long investigation into the alleged scam, and it has seen three former senior officials from the collapsed investment firm charged.
Charges Finally Made Involving Usain Bolt Scam
Hugh Croskery, Sarah Meany, and Zachary Harding, who are three former senior officials of private investment firm Stocks and Securities Limited, have been charged with multiple breaches of financial sector laws.
The three former senior officials of the collapsed company have now been officially charged after an almost three-year-long investigation into a scandal which saw Olympic legend Usain Bolt scammed out of an incredible £10 million in 2023. The official charges include fraudulently inducing persons to invest, carrying on a securities business without a dealer’s licence, failing to register a company operating in Jamaica, and failing to apply for registration of securities issued and for breaches of the Banking Services Act.
Croskery and Meany have been granted bail for £745,000, and Harding has also been granted bail, although the specific conditions have not been made public.
Prior to the three former senior officials being charged, the only person charged was Jean-Ann Panton, who once acted as a wealth advisor for the company. One of Bolt’s attorneys, Linton Gordon, just days ago, spoke about how it was “difficult to imagine or accept” that Panton, who was the only person charged at the time of making the comments, could be solely responsible for all the funds which went missing.
Gordon’s comments seemingly held weight, as just days later, three more former officials from the company were officially charged, meaning his suspicion of Panton not acting alone was pretty much spot on and not just speculation.
The attorney for the sprinting legend claimed it would be a “facade” to proceed with a trial solely against Panton, so he and his client are probably happy with the fresh progress made in this high-profile trial.
“We welcome any new developments which point to further and better investigative results that will guide further prosecution and further investigation,” Gordon said. “And we hope that this will give us a platform to proceed deeper and further and more strongly with the civil case we are pursuing on behalf of our client.”
