Legendary Sprinter Usain Bolt Reacts To Rumors Of Him Being 'Broke' After Fraud Case. WATCH

Reacting to the controversy, Usain Bolt refuted all reports of him being bankrupt. "No, I'm not broke," the 36-year-old told Jamaica Observer.

Soon after the fraud, rumors started circulating about Bolt's account balance inexplicably dwindling from $12 million to just $12,000.

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Legendary sprinter Usain Bolt, fastest man on the planet years after his retirement, lost at least $12 million which he had in his account with a Jamaican investment firm, reportedly leaving him on the verge of being bankrupt. The billion dollar fraud affected over 40 clients, with Bolt being one of the high-profile victims. Soon after the fraud, rumors started circulating about Bolt's account balance inexplicably dwindling from $12 million to just $12,000.

Reacting to the controversy, Usain Bolt refuted all reports of him being bankrupt. "No, I'm not broke," the 36-year-old told Jamaica Observer.

"It’s always going to be a sad situation for anybody to lose what they have worked hard for," he said. "That is a sad situation and I am definitely disappointed. I don't want to say too much but, as we know, from everybody’s standpoint it doesn't look good. I've read a few comments and everybody is confused. I am as confused as the public, but we’ll see what happens."

He further added, “No, I’m not broke, but it has definitely put a damper on me. It was for my future. Everybody knows I have three kids, I am still looking after my parents, and I still want to live very well.”

Earlier, Bolt had said that he had fired his business manager, adding that it was not an amicable split.

“For me it’s tough, but I think the years of competing helped me to understand and just focus,” Bolt had said. “I leave the matter in my lawyers’ hands and I am just trying to focus on my family and try not to think too much about it because it’s a stressful situation.”