His attorney has threatened the bank with a lawsuit if the money isn’t returned in 10 days.

Millions in savings were taken from Usain Bolt’s bank account, depleting his retirement plans.

The athlete’s lawyer, Linton P. Gordon, wrote to Stocks and Securities Ltd., a Jamaican private investment business holding the bank account. The account was meant to contain $12.8 million, but just $12,000 remains.

“If this is correct, and we are hoping it is not,” it read. A significant fraud, theft, or both were perpetrated against our client.” The attorney requested the sprinter’s money back within 10 days. If not, it threatens “civil and criminal action.”

Usain’s lawyer also expressed similar comments to the media.

He said, “The account was part of Bolt’s retirement and lifetime savings.” “It’s distressing news for anyone, especially Mr. Bolt, who established this account as part of his private pension.”

He said, “We will go to court if the company does not return the funds.” It is a great disappointment, and we hope the situation can be settled so Mr. Bolt may reclaim his money and live in peace.”

The major financial regulator in Jamaica, the Financial Services Commission (FSC), is investigating the investment business. The FSC also manages the firm temporarily.

The private business reportedly advised consumers to report missing money to the FSC.

The lawyer dispatched by Usain’s counsel expects a lawsuit if the money isn’t retrieved.

The lost $12.8 million is a small portion of Usain’s wealth. The Olympic gold medalist has $90 million, mostly from sponsorships and partnerships.

Usain retired from sprinting in 2017 after the London World Championships.

He briefly played for the Central Coast Mariners after retiring. After his fiancée Kasi Bennett gave birth to their first child in May 2020, Usain has experimented with music and fatherhood. The couple had twin boys in July 2021.