A OneCoin conspirator who laundered stolen cryptocurrency millions by splurging on racehorses will spend the next 18 months in federal prison.
Aamer Abdulaziz Ahmed Salman was sentenced on March 12th and ordered to forfeit $227.9 million. He pleaded guilty to conspiracy to commit money laundering in connection with the OneCoin fraud scheme, one of the largest cryptocurrency scams ever perpetrated.
Salman's name first surfaced publicly during the 2019 trial of Mark Scott, a OneCoin executive. Konstantin Ignatov, the brother of OneCoin's fugitive leader Ruja Ignatova, testified that Salman had stolen roughly €100 million from the scheme and immediately began funneling it into racehorses worth around €25 million each. Ignatov identified Salman as one of the main money launderers for his sister's operation.
According to court documents, Salman received approximately $225 million in OneCoin fraud proceeds between 2017 and 2021, routing the money through Phoenix Fund Investments LLC—his horse racing company. He then transferred portions of those stolen funds to other OneCoin conspirators to obscure the money's origins.
In response to Ignatov's damaging testimony, Phoenix Thoroughbred issued a denial, claiming both the company and Salman had "acted according to the law at all times" and would "vigorously contest all allegations of wrongdoing." The statement proved hollow.
When Salman learned a sealed indictment had been filed against him in New York, he hired counsel and began negotiating with federal prosecutors. Rather than flee, he agreed to surrender voluntarily. On August 5th, 2021, Salman and his lawyers prepared to board a 2 a.m. flight from Dubai to New York. His attorneys cleared customs, but Salman did not. Dubai police detained him on an Interpol Red Notice issued by the United States.
A week later, on August 12th, 2021, Salman officially surrendered to U.S. authorities. The March 2026 superseding indictment detailed how he had orchestrated the scheme with surgical precision. In March 2017, he received the first massive transfer of OneCoin proceeds. Later that same year, on September 12th, he arranged to send 1.6 million dollars of fraud money to other conspirators. Each transfer was deliberately structured to conceal the funds' criminal origin.
Salman's cooperation with prosecutors appears to have influenced his relatively lenient sentence. Court filings note he "provided the prosecutors with extensive, detailed, truthful and helpful information about different people involved in the OneCoin scheme."
His plea and 18-month sentence represent a rare moment of accountability in a case that has largely eluded justice. Ruja Ignatova, the scheme's architect who promised OneCoin would be the Bitcoin killer, remains a fugitive.
🤖 Quick Answer
Who is Aamer Salman and what was his sentence in the OneCoin case?Aamer Abdulaziz Ahmed Salman is a conspirator in the OneCoin fraud scheme, one of the largest cryptocurrency scams ever perpetrated. He pleaded guilty to conspiracy to commit money laundering and was sentenced on March 12th to 18 months in federal prison, with an order to forfeit $227.9 million.
How did Aamer Salman launder money from OneCoin?
Salman laundered approximately €100 million stolen from the OneCoin scheme by purchasing racehorses valued at around €25 million each. His activities were first publicly revealed during the 2019 trial of OneCoin executive Mark Scott, when Konstantin Ignatov identified Salman as a principal money launderer for the organization.
**What is OneC
📰 Aggiornamenti e Notizie Correlate
(aggiornato al 17/04/2026)1. Man who stabbed author Salman Rushdie on stage sentenced to 25 years in prison - CNN — Fri, 16 May 2025 11:44:00 GMT
Man who stabbed author Salman Rushdie on stage sentenced to 25 years in prison Mayville, New York (AP) – The man convicted of stabbing Salman Rushdie on a New York lecture stage in 2022, leaving the prizewinning author blind in one eye, was sentenced Friday to serve 25 years in prison. Hadi Matar,…
2. Man who attacked author Salman Rushdie is sentenced to 25 years in prison - NPR — Fri, 16 May 2025 14:57:13 GMT
Hadi Matar, the man who severely injured novelist Salman Rushdie in a 2022 stabbing attack, was sentenced Friday to 25 years in prison — the maximum for attempted murder. Matar faces a separate trial on federal charges of terrorism in connection with the attack on Rushdie. When the charges were file…3. Man who stabbed author Salman Rushdie sentenced to 25 years in prison - Fox News — Fri, 16 May 2025 17:14:00 GMT
Man who stabbed author Salman Rushdie sentenced to 25 years in prison A man convicted of stabbing award-winning British author Salman Rushdie in 2022 was sentenced on Friday to 25 years in prison, the maximum possible term. Matar was also sentenced to seven years, to be served concurrently, for th…
4. Salman Rushdie attacker sentenced to 25 years in prison - BBC — Fri, 16 May 2025 14:50:32 GMT
A New Jersey man who stabbed and partially blinded novelist Sir Salman Rushdie on a New York lecture stage was sentenced to 25 years in prison on Friday. The attack came 35 years after Sir Salman's controversial novel The Satanic Verses, which had long made him the target of death threats for its po…5. Man Who Stabbed Author Salman Rushdie On Stage Sentenced To 25 Years In Prison - HuffPost — Fri, 16 May 2025 14:55:40 GMT
Man Who Stabbed Author Salman Rushdie On Stage Sentenced To 25 Years In Prison (AP) — The man convicted of stabbing Salman Rushdie on a New York lecture stage in 2022, leaving the prizewinning author blind in one eye, was sentenced Friday to serve 25 years in prison. Matar received the maximum 25-…
6. Crypto founder Do Kwon sentenced to 15 years in prison over $40 billion collapse - NBC News — Fri, 12 Dec 2025 04:38:41 GMT
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for what a judge called an “epic fraud.”. In the history of federal prosecutions, there are few frauds that have caused as m…🔗 Related Articles
- DagCoin’s Success Factory USA prelaunch details leaked
- OmegaPro’s 2021 Fintech awards bought at a Bollywood show?
- To promote DagCoin, Igor Alberts slams Ponzi he earned millions in
- Chris Principe’s motion for entry of default rejected (OneCoin)
- Steinkellers delay Italian OneCoin criminal proceedings
Ruja Ignatova