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Phoenix Thoroughbreds have released a statement following the publication of allegations in the trial of Mark Scott.

Phoenix Thoroughbreds have released a statement following the publication of allegations made in a New York court last week in the trial of Mark Scott.

The release reads :

Phoenix Fund Investments LLC categorically denies all allegations made against it, and its owner, Mr. Amer Abdulaziz, in legal proceedings against OneCoin and its conspirators in the US.

Phoenix Fund Investments LLC believes that the firm and Mr Amer Abdulaziz have acted according to the law at all times, and will vigorously contest all allegations of wrongdoing. Phoenix Fund Investments LLC will fully cooperate with relevant authorities should they require any assistance.

Phoenix Fund Investments LLC is currently seeking legal advice and will take appropriate action against those involved in the publication of false and defamatory statements.