Go to Villagebet.com.au for free horse racing tips - Click here now
Forum Home Forum Home > Horse Racing - Public Forums > Racing Forum
  New Posts New Posts RSS Feed - Phoenix Thoroughbreds-gone!
  FAQ FAQ  Forum Search   Events   Register Register  Login Login


Thoroughbred Village Home Page. For village news, follow @TBVillage on Twitter. For horseracing tips, follow @Villagebet on Twitter. To contact the Mayor by email: Click Here.


Phoenix Thoroughbreds-gone!

 Post Reply Post Reply
Author
Message
monty1 View Drop Down
Champion
Champion


Joined: 30 May 2017
Status: Offline
Points: 770
Post Options Post Options   Thanks (0) Thanks(0)   Quote monty1 Quote  Post ReplyReply Direct Link To This Post Topic: Phoenix Thoroughbreds-gone!
    Posted: 25 Nov 2019 at 10:45am
Back to Top
Sponsored Links


Back to Top
Bonjour View Drop Down
Champion
Champion


Joined: 25 Feb 2010
Status: Offline
Points: 4052
Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 25 Nov 2019 at 12:06pm
Originally posted by monty1 monty1 wrote:

 https://www.racingpost.com/news/phoenix-thoroughbreds-founder-accused-of-stealing-eur100m-from-global-ponzi-scam/410788

Noticed a tweet on Saturday that mentioned the impending drama around Phoenix, and also mentioned in this tweet were rumblings of another global thoroughbred entity about to hit the headlines....
Back to Top
SkyDancer View Drop Down
Champion
Champion
Avatar

Joined: 02 Aug 2014
Location: Cranbourne
Status: Offline
Points: 7610
Post Options Post Options   Thanks (0) Thanks(0)   Quote SkyDancer Quote  Post ReplyReply Direct Link To This Post Posted: 25 Nov 2019 at 12:07pm
Phoenix Thoroughbreds founder Amer Abdulaziz Salman has been named as a key figure in a major money-laundering operation for an international cryptocurrency fraud from which he allegedly stole €100 million before launching his global racehorse ownership enterprise, a US court heard this month.

The stunning claim came during the testimony of Konstantin Ignatov, the co-founder of fake cryptocurrency OneCoin, as part of the trial of US lawyer Mark Scott, who on Thursday was found guilty of fraud and laundering $400m in illegal funds for the OneCoin founders.

The Racing Post has been unable to verify the allegation, made under oath in a New York court, and multiple attempts to contact Abdulaziz for comment over the weekend have been unsuccessful. Abdulaziz's bloodstock agent, Dermot Farrington, is understood to have quit his role after becoming aware of the accusation.

Dubai-based Abdulaziz, 56, launched Phoenix Thoroughbreds in 2017 as the “world’s first regulated thoroughbred fund” and has since become one of the most high-profile figures in international racing and bloodstock, often flexing the significant financial muscle of his fund at the sales and through private purchases.

Ignatov, who pleaded guilty this month to money-laundering and fraud as part of the estimated $4 billion scam, has been cooperating with US prosecutors and alleged Abdulaziz was one of the operation’s web of money-cleaners under the guidance of Gilbert Armenta, boyfriend of OneCoin’s other co-founder Dr Ruja Ignatova.

Asked in court who Armenta worked with, Ignatov said: “Mark Scott, Amer Abdulaziz and Alex Ortega.”

Ignatov went on to claim Abdulaziz stole from the scam, which involved the creation of a fake cryptocurrency that investigators say in fact amounted to a Ponzi scheme.

He said: “Amer Abdulaziz, after he stole €100m from OneCoin, he started buying racehorses for, like, €25m. [He was] one of the main money-launderers for Ruja.”

Ignatov added the theft was not reported as “the money came from a criminal activity”, while Abdulaziz is allegedly named in emails between Ruja Ignatova and her co-conspirators.

The Racing Post has also seen a draft transcript of the September 2018 interview between Mark Scott and FBI agents after he was arrested on suspicion of money-laundering, in which he claimed a Dubai-based investment fund named Phoenix was sent $190m.


In an interview earlier this year, Abdulaziz said he created Phoenix as an equine investment fund geared towards providing investors with a "sustainable return realised through acquisition and breeding of top-quality thoroughbreds" and claimed to have raised $250m.

However, Abdulaziz has never disclosed who his investors are – citing a desire to protect his client base – other than to say they are “non-racing people”. He has talked about his plan to launch a second, larger fund having used the first fund as a promotional tool.

Having initially had horses solely with former Newmarket trainer Jeremy Noseda, Phoenix has since mushroomed to having an estimated 300 horses under its banner, including stallions and broodmares, with 27 trainers on five continents, according to its website.

However, there have been controversies during Phoenix’s time with Noseda. Kerri Radcliffe, Abdulaziz's first bloodstock agent, was fired by him last year and he has since relied on Farrington, the son-in-law of Advertise’s trainer Martyn Meade, for his buying.

Phoenix and Abdulaziz have enjoyed significant success on the racecourse worldwide including Grade/Group 1 wins in the US and Australia, alongside the Royal Ascot victories of Signora Cabello in the 2018 Queen Mary Stakes and Advertise in this year’s Commonwealth Cup, a race in which Forever In Dreams finished second for Phoenix Ladies, a female-only arm of the Phoenix brand created in late 2018 with the aim of increasing the participation of women in racing in the UAE.

The US Attorney’s Office for the Southern District of New York, which prosecuted Mark Scott, declined to comment on Sunday when asked if Abdulaziz was a person of interest, while the FBI said it “neither confirms nor denies” having an interest in the Phoenix founder.

Comment has been sought from law enforcement agencies in the UK.


Back to Top
ianb View Drop Down
Champion
Champion
Avatar

Joined: 19 Feb 2007
Location: Queensland
Status: Offline
Points: 1291
Post Options Post Options   Thanks (0) Thanks(0)   Quote ianb Quote  Post ReplyReply Direct Link To This Post Posted: 25 Nov 2019 at 6:43pm
kissen blow ins.  This group, Damien Flower, money laundering, drugs , this is what ruins the integrity of racing, I wonder what major international player will be next to be corrupt. China Horse Club? 
Back to Top
Second Chance View Drop Down
Champion
Champion
Avatar

Joined: 02 Dec 2007
Status: Online
Points: 19387
Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 25 Nov 2019 at 6:46pm
On what basis do you make that claim Ian? 

There appears no real comparison between the principles.
Back to Top
Straight arrow View Drop Down
Champion
Champion


Joined: 01 Dec 2018
Status: Offline
Points: 750
Post Options Post Options   Thanks (0) Thanks(0)   Quote Straight arrow Quote  Post ReplyReply Direct Link To This Post Posted: 25 Nov 2019 at 10:21pm
And what’s going on in our backyard at Wangaratta? Hmm
Back to Top
Bonjour View Drop Down
Champion
Champion


Joined: 25 Feb 2010
Status: Offline
Points: 4052
Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 26 Nov 2019 at 9:55am
There was an application last month to wind up the fund behind Phoenix last month in Luxembourg, there is a new application to wind them up as we speak.
Back to Top
ianb View Drop Down
Champion
Champion
Avatar

Joined: 19 Feb 2007
Location: Queensland
Status: Offline
Points: 1291
Post Options Post Options   Thanks (0) Thanks(0)   Quote ianb Quote  Post ReplyReply Direct Link To This Post Posted: 26 Nov 2019 at 5:24pm
second Chance I love the industry but it seems that new players come in a spend a fortune and then eventually get caught out like the above mentioned.  There are and always will be a lot of sharks in this industry, that is the most annoying part of it all.  
Back to Top
Second Chance View Drop Down
Champion
Champion
Avatar

Joined: 02 Dec 2007
Status: Online
Points: 19387
Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 26 Nov 2019 at 5:34pm
Agree entirely ianb, though from what I read the China Horse Club appears to be on the up and up.

Watch this space for my apology should that not prove to be the case.  Shocked
Back to Top
International View Drop Down
Champion
Champion


Joined: 13 May 2012
Location: Dubai
Status: Offline
Points: 934
Post Options Post Options   Thanks (0) Thanks(0)   Quote International Quote  Post ReplyReply Direct Link To This Post Posted: 27 Nov 2019 at 5:45am
Back to Top
Bonjour View Drop Down
Champion
Champion


Joined: 25 Feb 2010
Status: Offline
Points: 4052
Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 27 Nov 2019 at 7:37am
Surely, for true transparency and good governance we now need a regulatory body to scrutinise all the 'foreign' thoroughbred  investors that have arrived from 'nowhere' and with gazillions! Or, is it, they are too frightened as to what might surface?
Back to Top
Bonjour View Drop Down
Champion
Champion


Joined: 25 Feb 2010
Status: Offline
Points: 4052
Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 27 Nov 2019 at 7:39am
Does it also mean that their horses are stood down immediately pending further investigation and information?

Back to Top
Straight arrow View Drop Down
Champion
Champion


Joined: 01 Dec 2018
Status: Offline
Points: 750
Post Options Post Options   Thanks (0) Thanks(0)   Quote Straight arrow Quote  Post ReplyReply Direct Link To This Post Posted: 27 Nov 2019 at 10:25am
I would be very careful of were the money is coming from ; with these new Chinese stud/Sydndicats popping up in our racing at the moment?
Back to Top
Second Chance View Drop Down
Champion
Champion
Avatar

Joined: 02 Dec 2007
Status: Online
Points: 19387
Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 28 Nov 2019 at 2:22pm
Originally posted by Second Chance Second Chance wrote:

Agree entirely ianb, though from what I read the China Horse Club appears to be on the up and up.  Watch this space for my apology should that not prove to be the case.  Shocked

Just for info, though not related to Phoenix, here is some info about those associated with the China Horse Club:

"The China Horse Club continues to be supported by the CHC International Advisory Council (IAC).  The IAC has enjoyed, or currently enjoys, the patronage and support of individuals of the calibre of Professor Dr. Joseph Deiss (former President of the Swiss Confederation and President of the 65th Session of the United Nations General Assembly); the Honourable John Warren (Bloodstock Advisor for Her Majesty Queen Elizabeth II); Mr Andreas Jacobs (Chairman of Investment Firm Jacobs Holdings AG, Chairman of INSEAD and successful entrepreneur); Mr Wayne Wang (Chairman, CEO and Founder of CDP Group, Limited); Sir Owen Glenn (New Zealand philanthropist and leading businessman); Mr John Magnier (owner of thoroughbred industry shaper Coolmore and leading businessman); Mr Poh Choon Ann (Group Chairman and CEO of Poh Tiong Choon Logistics Group); Dato Tan Chin Nam (Founder of IGB Corporation and former leading owner) and Ar. Teo Ah Khing (Chairman and Founder of TAK Group and CHC).
Back to Top
Batman View Drop Down
Champion
Champion
Avatar

Joined: 22 Jan 2018
Location: Australia
Status: Offline
Points: 853
Post Options Post Options   Thanks (0) Thanks(0)   Quote Batman Quote  Post ReplyReply Direct Link To This Post Posted: 03 Dec 2019 at 12:42pm
Originally posted by Second Chance Second Chance wrote:

Originally posted by Second Chance Second Chance wrote:

Agree entirely ianb, though from what I read the China Horse Club appears to be on the up and up.  Watch this space for my apology should that not prove to be the case.  Shocked


Just for info, though not related to Phoenix, here is some info about those associated with the China Horse Club:

<span style="color: rgb51, 51, 51; font-family: "Times New Roman", serif; font-size: 14px;">"The China Horse Club continues to be supported by the CHC International
Advisory Council (IAC).  The IAC has enjoyed, or currently enjoys, the patronage and support of individuals of the calibre of Professor Dr. Joseph Deiss (former President of the Swiss Confederation and President of the 65</span><span style="-sizing: border-; font-size: 10.5px; line-height: 0; : relative; vertical-align: line; top: -0.5em; color: rgb51, 51, 51; font-family: "Times New Roman", serif;">th</span><span style="color: rgb51, 51, 51; font-family: "Times New Roman", serif; font-size: 14px;"> Session of the United Nations General Assembly); the Honourable John Warren (Bloodstock Advisor for Her Majesty Queen Elizabeth II); Mr Andreas Jacobs (Chairman of Investment Firm Jacobs Holdings AG, Chairman of INSEAD and successful entrepreneur); Mr Wayne Wang (Chairman, CEO and Founder of CDP Group, Limited); Sir Owen Glenn (New Zealand philanthropist and leading businessman); Mr John Magnier (owner of thoroughbred industry shaper Coolmore and leading businessman); Mr Poh Choon Ann (Group Chairman and CEO of Poh Tiong Choon Logistics Group); Dato Tan Chin Nam (Founder of IGB Corporation and former leading owner) and Ar. Teo Ah Khing (Chairman and Founder of TAK Group and CHC).
</span>

Sorry to nit pick but Dato Tan Chin Nam passed away more than a year ago
Eight days a week
Back to Top
Second Chance View Drop Down
Champion
Champion
Avatar

Joined: 02 Dec 2007
Status: Online
Points: 19387
Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 03 Dec 2019 at 12:49pm
Sorry to nit pick, however "....The IAC has enjoyed, or currently enjoys, the patronage and support of individuals of the calibre of... Dato Tan Chin Nam".
Back to Top
acacia alba View Drop Down
Champion
Champion


Joined: 31 Oct 2010
Status: Offline
Points: 28027
Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 03 Dec 2019 at 3:12pm
Good you pointed that out Batman, as I thought I must have been suffering Oldtimers Confused  I was sure I had heard Dato had passed away ages ago, but when it was posted and seemed to be pretty official posting, I thought I had lost me marbles.  Embarrassed
animals before people.
Back to Top
Second Chance View Drop Down
Champion
Champion
Avatar

Joined: 02 Dec 2007
Status: Online
Points: 19387
Post Options Post Options   Thanks (1) Thanks(1)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 03 Dec 2019 at 3:59pm
Please re-read the article.  No-where does it suggest that Dato is still with us.
Back to Top
Second Chance View Drop Down
Champion
Champion
Avatar

Joined: 02 Dec 2007
Status: Online
Points: 19387
Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 22 hours 54 minutes ago at 6:10pm
It's interesting that more than a couple here are eager to point the finger at allegedly shonky Asian and middle-eastern operators in Australia.Without supporting evidence.

However thus far the exposed shonks in Oz are almost exclusively caucasians and/or home-breds, such as Vlahos, Flower, another in WA, and one other with US links.

So imo it's clearly time to cease the racially or ethnically profiled innuendo.
Back to Top
TJMitchell View Drop Down
Champion
Champion
Avatar

Joined: 29 Jun 2014
Location: Melbourne
Status: Offline
Points: 2424
Post Options Post Options   Thanks (0) Thanks(0)   Quote TJMitchell Quote  Post ReplyReply Direct Link To This Post Posted: 22 hours 43 minutes ago at 6:21pm
much easier to bust the locals locally
Back to Top
Second Chance View Drop Down
Champion
Champion
Avatar

Joined: 02 Dec 2007
Status: Online
Points: 19387
Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 22 hours 31 minutes ago at 6:33pm
So TJ, you're suggesting...
Back to Top
Straight arrow View Drop Down
Champion
Champion


Joined: 01 Dec 2018
Status: Offline
Points: 750
Post Options Post Options   Thanks (0) Thanks(0)   Quote Straight arrow Quote  Post ReplyReply Direct Link To This Post Posted: 20 hours 30 minutes ago at 8:34pm
Who’s next?
Back to Top
Carioca View Drop Down
Champion
Champion


Joined: 13 Nov 2015
Status: Offline
Points: 9309
Post Options Post Options   Thanks (0) Thanks(0)   Quote Carioca Quote  Post ReplyReply Direct Link To This Post Posted: 19 hours 23 minutes ago at 9:41pm
Who's on first.
Back to Top
Carioca View Drop Down
Champion
Champion


Joined: 13 Nov 2015
Status: Offline
Points: 9309
Post Options Post Options   Thanks (0) Thanks(0)   Quote Carioca Quote  Post ReplyReply Direct Link To This Post Posted: 16 hours 57 minutes ago at 12:07am
Originally posted by Carioca Carioca wrote:

Who's on first.

Gone through to the keeper .....after all its been a long time.
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.10
Copyright ©2001-2017 Web Wiz Ltd.

This page was generated in 0.064 seconds.





Click here to bet with our preferred online bookmaker, BetEasy.