OneCoin scammers had office in premises run by Phoenix Thoroughbreds boss
Fraudulent cryptocurrency OneCoin, which has been exposed as a $4 billion global Ponzi scheme and is the subject of criminal investigations in the USA, had an office in a Dubai business centre operated by Phoenix Thoroughbreds founder Amer Abdulaziz Salman.
The international racing community was stunned last week when it emerged Abdulaziz had been named during court proceedings into the OneCoin scandal by a witness testifying in a US criminal trial. Konstantin Ignatov, one of the founders of OneCoin, claimed Abdulaziz acted as a key money-launderer for the operation, before stealing €100 million to fund his racing enterprise.
The accusations were strenuously denied by Phoenix Thoroughbreds, the racing arm of Abdulaziz's Dubai-based Phoenix Fund Investments. Phoenix's other investments include the Phoenix Business Center, which operates from the 49th floor of Ubora Towers in Dubai.
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Published on 1 December 2019inNews
Last updated 18:33, 1 December 2019
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