money laundering

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...

Florida-based trainer Alfredo Lichoa is among five people who have been arrested afer a money-laundering investigation that was conducted by the U.S. Attorney for the Southern District of New York, the same agency that has indicted 27 people as part of a horse-doping ring. Lichoa and the others were arrested Mar. 9, the same day the FBI rounded up Jason Servis, Jorge Navarro and 25 others indicted for their alleged role in treating racehorses with performance-enhancing drugs. The money-laundering story was first reported by Paulick Report. Lichoa, a native of...

Phoenix Thoroughbreds, embroiled in controversy since its founder Amer Abdulaziz was named in an alleged money laundering and fraud scandal, has released a statement regarding its long-term commitment to racing. The statement reads as follows: "Phoenix Thoroughbreds wishes to reiterate our long-term commitment and continued investment in the equine industry after our recent homebred successes. We are delighted with the success of Farnan, our first homebred winner. His achievements are the culmination of years of ambition, vision and hard work as part of our ongoing long-term breeding strategy. As a...