Best Odds with Top Tote+ and Bet Back Offers!
Register at Australia's #1 Online Bookmaker!
Watch Live Racing FREE!
Sign-up now and Watch every Race Live and Free on your Phone!
Back A Winner!
Sign-Up to Australia's Fastest Growing Online Bookmaker!
Back Yourself!
Sign-up and start betting with Ladbrokes in 2 minutes!
Best Of The Best Odds!
Bet With Palmerbet and get Paid Top Fluc or Top Tote!!
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly

International racehorse syndicator Amer Abdulaziz Salman whose Phoenix Thoroughbreds interests extend to Australia, has been named in a New York court as a major figure in a fraud case.

The Racing Post reported Abdulaziz was implicated in a major money-laundering operation for an international cryptocurrency fraud from which he allegedly stole EUR100 million before launching his global racehorse ownership enterprise.

Konstantin Ignatov, the co-founder of fake cryptocurrency OneCoin, made the claim during his testimony under oath at the trial of US lawyer Mark Scott, who last week was found guilty of fraud and laundering $400m in illegal funds for the OneCoin founders.

The Dubai-based Abdulaziz, 56, launched Phoenix Thoroughbreds in 2017 as the “world’s first regulated thoroughbred fund”.

Among the horses Phoenix owns or part-owns in Australia are Group One winners Loving Gaby and Exceedance.

Ignatov, who pleaded guilty this month to money-laundering and fraud as part of the estimated $4 billion scam, has been co-operating with US prosecutors and alleged Abdulaziz was one of the operation’s web of money-cleaners under the guidance of Gilbert Armenta, boyfriend of OneCoin’s other co-founder Dr Ruja Ignatova.

Ignatov went on to claim Abdulaziz stole from the scam, which involved the creation of a fake cryptocurrency that investigators say in fact amounted to a Ponzi scheme.

Ignatov added the theft was not reported as “the money came from a criminal activity”, while Abdulaziz is allegedly named in emails between Ruja Ignatova and her co-conspirators, the Racing Post said.

In an interview earlier this year, the Dubai-based Abdulaziz said he created Phoenix as an equine investment fund geared towards providing investors with a “sustainable return realised through acquisition and breeding of top-quality thoroughbreds” and claimed to have raised $250m.

Having initially had horses solely with former Newmarket trainer Jeremy Noseda, Phoenix has grown to an estimated 300 horses, including stallions and broodmares, with 27 trainers on five continents, according to its website.

 
*Existing customers only. 2nd Racing bet. Excl SA & WA. T’s & C’s apply. Gamble responsibly.
Featured News

Free List of the Racing Bonus Bets and Offers

We take a look at the BIGGEST and BEST Free Daily Racing Offers and Betting Promotions from Australia’s leading online...

Owner banned over death of horse

An owner has received a 21 month ban from ownership following the body condition and subsequent death of a horse....

Star female jockey may not ride again

Star female jockey Raquel Clark is unsure if she will be allowed to get back into the saddle following her...

Australian G1 winner dies in Hong Kong

Victoria Derby winner Extra Brut has died in Hong Kong after being injured in an accident on a walking machine....

Watch: This’ll Testya shows she is something special

Boom mare This’ll Testya was sent out as the short priced favourite at Ascot and she lived up to her...

Champion mare Winx to be a mum

The owners of champion Winx are expected to confirm she is successfully in-foal to super sire I Am Invincible in...

Watch: Scary scenes as police open fire at stablehands

Races at Turffontein on Saturday night were delayed as scary scenes broke out across the racecourse after police opened fire...

Photographer hit by runaway horse

Watch: Photographer hit by runaway horse

A photographer has been taken to hospital after a horse broke through the running rail at an Irish meeting overnight....

Australian Bookmaker Reviews

Which bookmaker should you bet with? We Review each of the leading online Australian Bookmakers and rate them in order...

 
 
Copyright © 2019 Just Horse Racing.
All rights reserved - Privacy Policy

Gamble Responsibly 18+
*State exclusions apply to some offers. Please check T&Cs of each offer with the bookmaker. All Offers Exclude NSW residents.