In what might wind up being a predictable judicial mistake, Frank Schneider has been launched to dwelling detention.
Schneider might be topic to 24/7 monitoring and residential confinement, pending a call on extradition to the US on January nineteenth.
For causes unknown, the court docket didn’t set bail – that means Schneider has nothing to lose ought to he flee.
Schneider (proper) was arrested in France on a world arrest warrant again in April.
If extradited to the US and convicted on OneCoin associated fraud costs, Schneider faces as much as forty years in jail.
Upon launch, Schneider is to be held at a home he owns in Joudreville. Joudreville is simply 30 km from France’s Luxembourg border.
As quoted by the Reporter (paywall), Schneider’s legal professional said he was “extraordinarily happy” with the discharge determination.
Schneider is believed to have been a key participant in OneCoin’s operations. As a former spy grasp for Luxembourg, Schneider has political connections.
By these connections he’s believed to have first discovered of the US’ investigation into OneCoin founder Ruja Ignatova.
Schneider is believed to have leaked the investigation to Ignatova, prompting her disappearance in late 2017.
Whereas Luxembourg has extradition treaties with each France and the US, it’s believed Schneider’s political connections will make it troublesome to safe extradition from Luxembourg itself.
Replace nineteenth January 2022 – Frank Schneider’s enchantment has been denied.