On 29 August, the Sydney Morning Herald reported that Australian racing officials are investigating Phoenix Thoroughbreds, a leading thoroughbred operation, after its owner was accused in a US court of being involved in an international money laundering scheme linked to a fake cryptocurrency. The outfit was banned from racing in France earlier this month after a prosecution witness alleged in a New York court that its Dubai-based owner Amer Abdulaziz Salman had stolen $161 million in the OneCoin cryptocurrency scheme.