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Phoenix Thoroughbreds owner denies money-laundering allegations

East Coast Racing
Racing Post reports;

The scandal surrounding
Phoenix Thoroughbreds founder Amer Abdulaziz Salman has been the defining story
of the week in racing. It could eventually be the defining story of the year.
Ponzi schemes, liquidated funds and cryptocurrencies - there is a degree of
fascination with this story that almost matches the severity of allegations
levelled at Phoenix's embattled supremo. It feels as if we may have arisen in a
dream where Dick Francis and John Grisham have exchanged literary notes.
Phoenix has denied any wrongdoing but this looks a story set to roll on for
quite some time.

Further info in The Guardian

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