Australian racing groups probe firm allegedly involved in OneCoin

Phoenix Thoroughbreds may need to wait before racing again. Australian horse racing officials are investigating a group raising thoroughbreds after its alleged involvement with OneCoin. According to news reports, Racing NSW confirmed it is investigating Phoenix Thoroughbreds while a second group, Racing Victoria, is in contact with international officials regarding the company. The allegations against Phoenix Thoroughbreds stem from witness testimony stating the company’s owner, Amer Abdulaziz Salman, was involved with OneCoin and supposedly stole $161 million. A Phoenix Thoroughbreds spokesman told The Sydney Morning Herald it did not do anything illegal and will cooperate with authorities.

OneCoin Founder's Brother Agrees to Testify Against Sister in Settlement

The OneCoin case now seems to turn the sibling founders against each other. Konstantin Ignatov, the brother of OneCoin’s fugitive founder Ruja Ignatova and a major figure behind the $4 billion Ponzi scheme, agreed to testify against his sister as part of a settlement that saw Ignatov dismissed from civil litigation targeting the scam. Newly reported details regarding the settlement’s terms reveal that Ignatov has agreed both to cooperate with the class of OneCoin investors bringing the suit forward and to testify against his sister on their behalf should the suit go to trial. Ignatov is also a defendant and cooperating witness in a parallel criminal case, with his testimony helping secure the conviction of lawyer and alleged OneCoin money launderer Mark Scott in November 2019. Ignatov pled guilty to charges of money laundering and conspiracy to commit wire fraud in October, and is facing up to 90 years imprisonment in the criminal case.

Nvidia Accused of Trying to Discredit Ex-Employee in Crypto Mining Revenue Trial

Investors suing Nvidia have opposed a motion from the US chipmaker that would shut out the testimony from an ex-employee.

Testimony From Craig Wright’s Ex-Wife Throws a Twist in the Billion Dollar Bitcoin Lawsuit

On June 30, a jury trial was scheduled for the notorious Kleiman v.