The founder of an international horse racing thoroughbred fund has been named as a leading figure in a cryptocurrency ponzi scheme.
Amer Abdulaziz Salaman allegedly stole over €100 million from a fake cryptocurrency project just before he launched an international racehorse ownership enterprise called Phoenix Thoroghbred Ltd, an American court heard this month￼.
The allegation was made under oath during the trial of Mark Scott, who was found guilty of laundering $400 million for OneCoin illegally.
OneCoin was a fake cryptocurrency that has been estimated to have stolen over $4 billion from investors.￼
The co-founder of OneCoin, Konstantin Ignatov, who this month pleaded guilty to fraud and money-laundering for his part in the $4 billion cryptocurrency scam, claimed under oath that Salaman had been one of the the ‘money cleaners’ working under the guidance of Gilberta Armenta, the boyfriend of OneCoin’s other co-founder Dr Ruja Ignatova.
He said, “after he (Abdulaziz) stole $100 million from OneCoin, he started buying horses for, like, €25 million. He was one of the main money launderers for Ruja.”
Abdulaziz, the 56 year old bloodstock owner based in Dubai, created Phoenix Thoroughbreds in 2017 and is one of the most recognisable figures in horse racing globally.
Phoenix Thoroughbreds was touted as “the world’s first regulated thoroughbred fund” and its financial arm regularly flexed its muscle through sales and private purchases.
It has had many successes on the track including victories at Royal Ascot and grade 1 wins in the US and Australia.￼
The FBI are not confirming or denying that Abdulaziz is a person of interest at this time.
Abdulaziz’s bloodstock agent, Dermot Farringdon, has since quit his role in light of the allegations.