AUSTRALIA: RACING OFFICIALS PROBE HORSE RACING OUTFIT OVER CRYPTOCURRENCY SCAM

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.

https://www.smh.com.au/national/victoria/racing-officials-probe-horse-racing-outfit-over-cryptocurrency-scam-20200829-p55qht.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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