High profile owner accused of stealing $162m in scam

Image: Bruno Cannatelli Amer Abdulaziz's Phoenix Thoroughbreds are the owners of G1 winner Loving Gaby

High profile thoroughbred owner Amer Abdulaziz has been accused of stealing $162million dollars in a cryptocurrency scam.

Phoenix Thoroughbreds owner Amer Abdulaziz has been accused of stealing more than $162million AUD of investors money in a cryptocurrency scam.

Abdulaziz was the co-founder of OneCoin which over the weekend was the center of lawsuit in the US where the companies lawyer has been found guilty of conspiracy to commit money laundering and bank fraud.

Dubai-based Abdulaziz launched Phoenix Thoroughbreds in 2017 and has since become one of the most high-profile figures in international racing and bloodstock.

Phoenix Thoroughbreds is a large owner/syndicator of horses in Australia including G1 winner Loving Gaby and Euphoric Summer who won the Magic Millions Clockwise Classic on the weekend.

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