- The owner of a racehorse company was accused of being involved in a money laundering operation in which a fake cryptocurrency was promoted.
- Dubai was accused by a witness in the New York City court of stealing a total of $161 million from the a fake cryptocurrency scheme called OneCoin.
- Phoenix thoroughbreds is a horse racing company and are also the co-owners of the Australia group I winner Farnan who is trained by Gai Waterhouse.
Recently, the owner of a racehorse company was accused of being involved in a money laundering operation in which a fake cryptocurrency was promoted. Australian racing officials are thoroughly investigating in this regard. Earlier this month, Phoenix Thoroughbreds was banned from the race tracks of France because it’s owner Amer Abdulaziz Salman from Dubai was accused by a witness in the New York City court of stealing a total of $161 million from the a fake cryptocurrency scheme called OneCoin. Phoenix thoroughbreds is a horse racing company and are also the co-owners of the Australia group I winner Farnan who is trained by Gai Waterhouse.
OneCoin is one of the Largest Ponzi Schemes in the World
OneCoin is considered one of the biggest cryptocurrency scams. It has been estimated that cryptos worth $7.2 billion have been laundered from the people living across Europe, Africa and Australia. The scam deceived the investors by asking them to purchase the digital coins which would increase in their value soon. However, nothing such happened in fact the investors were not able to cash out the assets once they bought them. It had been reported that an Australian retired individual had lost $1 million because of the scam.
CEO of Phoenix Accused of Being a Henchman of the Ponzi Scheme
The CEO of the Phoenix Thoroughbreds, Amer Abdulaziz Salman was suspected of working under the supervision of Gilbert Armenta. Armenta is considered the brains behind the entire OneCoin Ponzi scheme. He facilitated the founders of this scheme to steal millions from the investors. According to the founder of OneCoin, Konstantin Ignatov some of the stolen money may have been supplied to the thoroughbred racing company which explains why its CEO was accused. Ignotov confessed to the court that Salman was a significant figure in promoting the money laundering activities and even mentioned that he bought horses that were worth 25 million Euros.
Phoenix Denies all Accusations
A spokesman from Phoenix clarified that they have done nothing wrong and are complying with the respective authorities. He said Phoenix Fund Investments LLC has acted according to the law and will defend their reputations at any cost. The firm also denied all allegations made by Iganatov and other witnesses who accused them in the legal proceedings. However, Phoenix has still not explained the accusation of the transfer of 185 million euros to their funds which is shady.