Usain Bolt Among 40 SSL Fraud Victims to Receive Partial Payout After Losing Over US$12.7 Million

Jamaica’s sprint legend Usain Bolt is once again in the headlines, but this time it isn’t for smashing world records on the track. His company, Welljen Limited, has been named among the first batch of victims to receive compensation in the long-running Stocks & Securities Limited (SSL) fraud scandal—a case that has rocked Jamaica’s financial sector and left hundreds of investors reeling. The move marks the beginning of partial payouts from the SSL Victims’ Compensation Fund, though for Bolt and others, it is only a drop in the bucket compared to their staggering losses.

The scandal, one of the largest in Jamaica’s history, saw an estimated US$30 million (J$5 billion) vanish from more than 200 clients. Bolt’s company alone is said to have lost US$6.2 million (J$950 million), with one 2022 statement reflecting an even higher figure of US$12.7 million. Trustee Caydion Campbell confirmed that 40 victims will benefit in this first round of disbursements, with 14 Tier 1 claimants receiving a combined $61 million starting August 25, and another 26 Tier 2 claimants sharing $14 million the following week. Still, with the fund holding just $79 million against $1.7 billion in approved claims, the recoveries represent only a fraction of what was stolen.

Bolt’s attorney, Linton Gordon, welcomed the payments but underscored the grim reality for his client and others who lost life savings. “Payments being made are just a fraction of what persons have lost, and it’s just the start,” he said, declining to reveal the exact sum Welljen will receive. For Bolt, the payouts come after months of mounting frustration; he has consistently rejected any suggestion that he was careless with his investments, pointing instead to SSL’s government-issued license and the fact that state agencies also entrusted funds to the firm.

The wider fallout has also placed a spotlight on regulatory oversight. The Financial Services Commission (FSC) had flagged SSL as far back as 2017 for what it called “a culture of non-compliance and mismanagement of client funds,” yet the brokerage continued to operate until the scandal erupted. Campbell, who took over the winding-up process after government oversight ended in 2024, said delays in payments were necessary to carefully verify claims: “This might very well be the only source of funds for some of the claimants, so we just wanted to make sure we capture as many persons.”

Meanwhile, former SSL client relations manager Jean-Ann Panton, accused of orchestrating the multi-million-dollar fraud, remains at the center of the storm. She faces 22 charges ranging from forgery to larceny as a servant and engaging in transactions involving criminal property. Her trial is scheduled for May 4, 2026, a date many victims, including the world’s fastest man, will be watching closely as they continue to fight for justice and the return of their hard-earned money.