A single employee defrauded Usain Bolt and 39 other clients at a Jamaican financial firm at the centre of an embezzlement scandal, and even asked for a loan from Bolt's management team to help pay off other victims.
Bolt's management approached the firm, SSL, in January to report that one of their workers had confessed that she had falsified statements and stolen Bolt's money. She also allegedly requested a loan to help cover up the scheme, according to SSL, which didn't identify the employee.
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The Kingston-based firm said the employee "apparently still believed that she could borrow the money from the Bolt management group to repay the other SSL clients." She's been fired for "negligence and gross incompetence."
"The events that have unfolded have had tremendous adverse consequences for the affected clients, and for the hard-working staff at SSL," the firm said. "The former employee's dishonesty has led to the most widely publicised news event from Jamaica in recent years."
Last month, Bolt's lawyers said their client was missing more than $US12 million ($18 million) from his account.
SSL said that the "vast majority of clients have not been affected by fraud" but they're still assessing the losses.
The firm's insurance policy includes coverage for employee dishonesty and forgery with coverage up to $US1 million.
It's understood there are efforts to push the staffer to commit to restitution, SSL said.
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A single employee defrauded Usain Bolt and 39 other clients at a Jamaican financial firm at the centre of an embezzlement scandal, and even asked for a loan from Bolt's management team to help pay off other victims.
Bolt's management approached the firm, SSL, in January to report that one of their workers had confessed that she had falsified statements and stolen Bolt's money. She also allegedly requested a loan to help cover up the scheme, according to SSL, which didn't identify the employee.
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READ MORE: Gisele leads tributes for retiring ex-husband
READ MORE: Khawaja visa sorted after star batsman 'stranded'
The Kingston-based firm said the employee "apparently still believed that she could borrow the money from the Bolt management group to repay the other SSL clients." She's been fired for "negligence and gross incompetence."
"The events that have unfolded have had tremendous adverse consequences for the affected clients, and for the hard-working staff at SSL," the firm said. "The former employee's dishonesty has led to the most widely publicised news event from Jamaica in recent years."
Last month, Bolt's lawyers said their client was missing more than $US12 million ($18 million) from his account.
SSL said that the "vast majority of clients have not been affected by fraud" but they're still assessing the losses.
The firm's insurance policy includes coverage for employee dishonesty and forgery with coverage up to $US1 million.
It's understood there are efforts to push the staffer to commit to restitution, SSL said.
For a daily dose of the best of the breaking news and exclusive content from Wide World of Sports, subscribe to our newsletter by clicking here!
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