Phoenix Thoroughbreds Founder And CEO Named In Money Laundering Case; Company Denies Allegations

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November 24 2019

Amer Abdulaziz Salman, the Dubai-based founder and CEO of the high-flying Phoenix Fund Investments that has spent tens of millions of dollars at bloodstock auctions and in private sales globally since its 2017 launch, was named in a criminal case in New York as “one of the main money launderers” affiliated with a multi-billion-dollar cryptocurrency pyramid scheme.

The allegations against Abdulaziz were made by Konstantin Ignatov, co-founder of Bulgaria-based OneCoin and a cooperating witness for the U.S. attorney’s office in the Southern District of New York in the money-laundering trial of attorney Mark Scott.