Phoenix Thoroughbreds Founder And Chief Executive Abdulaziz Jailed In U.S.

[Wandering Eyes]

Amer Abdulaziz Salman, the founder and chief executive of Phoenix Thoroughbreds, has been jailed for 15 months in the U.S. for conspiracy to commit money laundering. The news first appeared in The Racing Post.

The piece says that Abdulaziz, 61, was sentenced by judge Edgardo Ramos in the Southern District of New York for his role in the OneCoin fraud. He was jailed at the Loretto Federal Correctional Institution, a low-security facility in Pennsylvania July 11 with a release date of Oct. 20, 2026, according to the Federal Bureau of Prisons.

In a statement issued on Wednesday, Phoenix Thoroughbreds said: “Ever since the fraudulent activities of some of his business partners were revealed to him and the world by the OneCoin prosecutions in New York, Amer Abdulaziz has acted with integrity and honour. An accomplished business executive, entrepreneur, and patron of numerous philanthropic causes, Mr. Abdulaziz's responsibility as a citizen led him to engage pro-actively with United States law enforcement.

“Over the last several years, Mr. Abdulaziz has voluntarily traveled between Dubai and New York and engaged with U.S. authorities. He has accepted responsibility for harm ultimately inflicted upon victims of the OneCoin cryptocurrency fraud, which was instigated by people with whom Mr. Abdulaziz had business ties.

“Mr. Abdulaziz has always been adamant that he would comply with his obligations under the law and honorably face whatever consequences result from the fair administration of justice, and he has honored this promise.”

In 2019, Abdulaziz was named in a U.S. court as an alleged money launderer for OneCoin, a $4 billion Ponzi scheme run by Dr. Ruja Ignatova, the so-called “CryptoQueen,” who vanished in 2017 and remains on the FBI's Top Ten Most Wanted.

Phoenix Thoroughbreds raced horses such as three-time Group 1 winner Advertise (Showcasing {GB}), GI Belmont Stakes runner-up Gronkowski (Lonhro {Aus}) and GI Starlet Stakes heroine Dream Tree (Uncle Mo).

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