OneCoin money launderer Frank Schneider arrested in France

Frank Schneider, a key determine in OneCoin’s cash laundering operations, has been arrested in France.

Schneider can be believed to have tipped off Ruja Ignatova concerning the FBI investigation, resulting in her disappearance.

Schneider (proper) was needed by authorities within the US for his position in OneCoin, a $4 billion greenback Ponzi scheme.

Along with tipping Ignatova off, Schneider additionally dealt with OneCoin’s soiled work.

By way of his firm Sandstone S.A., Schneider engaged the UK PR agency Chelgate.

Chelgate, working with the legislation agency Carter Ruck, lobbied UK authorities on OneCoin’s behalf.

This resulted within the Monetary Conduct Authority, the UK’s high monetary regulator, retracting a securities fraud warning issued towards OneCoin.

On reflection, the FCA retraction was one of many worst examples of European regulatory negligence relating to OneCoin.

Schneider, a related former member of Luxembourg’s secret service, had up till now evaded seize.

As reported by Republicain Lorrain, Schneider was picked up by authorities on a world arrest warrant in Joudreville.

He was arrested this Thursday, in a spectacular trend, as he was making ready to cross the Luxembourg border.

Joudreville is a couple of thirty minute drive from the Luxembourg border.

Following his arrest, Schneider was taken into custody and transported to the regional capital Nancy. There he’s being held in anticipation of an extradition request from US authorities.

As of but we’ve had no phrase from the US aspect. Pending extradition of Schneider, hopefully we’ll get entry to an unsealed indictment with full particulars.

If anybody is aware of what occurred to Ruja Ignatova since her 2017 disappearance, it’s Frank Schneider.


Replace twenty second July 2021 – Frank Schneider has filed an enchantment towards extradition.

The Nancy Court docket of Appeals has delayed a choice on Schneider’s extradition until September.


Replace twentieth November 2021 – Frank Schneider’s extradition to the US will now be selected January nineteenth.

Within the meantime French authorities have launched Schneider to monitored dwelling detention.