by Robert Bailey (Jamaica Observer) Sports management consultant Carole Beckford and stockbroker Ryan Strachan are encouraging athletes not to panic or limit their investment activities in the wake of news that an account belonging to iconic Jamaican sprinter Usain Bolt was among those affected in a massive employee fraud case at the investment firm Stocks and Securities Limited (SSL).
Bolt, one of the most recognisable sporting figures across the world, has been severely affected by the incident, with millions of US dollars reportedly missing from his long-standing account with the institution.
Beckford, a former member of Bolt’s communication team, noted that while there have been issues in the financial sector, athletes should still invest in their future and trust the professionals to manage their finances.
“I think that the financial business now is very competitive and people are forced to do things that wouldn’t normally happen. The security systems in the financial institutions clearly need to be tightened and more monitoring on the side, because if people are going to invest their money, they have to feel comfortable knowing that their money is secure,” said Beckford.
