The crypto queen’s confederate, like her former boss Ruja Ignatova, has disappeared earlier than going through authorized motion in the US.
Frank Schneider, who labored as a “disaster supervisor” and safety advisor to OneCoin’s mastermind Ignatova, is at present on the run from the authorities and is being pursued by the French authorized system.
Schneider, 53, was positioned below home arrest in France whereas awaiting extradition to the US.
Crypto queen’s confederate avoids justice, questions honest trial
Initially apprehended by French authorities in April 2021 whereas touring along with his household close to the Luxembourg border, Schneider endured a seven-month incarceration earlier than being launched below home arrest.
Frank Schneider is seen in a current interview with BBC for "The Lacking Cryptoqueen" podcast. Picture: BBC.
All through this era, Schneider lived in a village in France and gave interviews to journalists whereas working along with his authorized crew to contest his extradition.
The crypto queen’s adviser expressed doubts about receiving a good trial in the US, and conveyed his considerations to the BBC throughout an interview performed in August 2022 whereas nonetheless below home arrest.
“I worry that I can’t have entry to a authorized system the place I can correctly defend myself,” he stated on the time. – The system is essentially primarily based on so-called plea bargaining. Now, for me, it’s already an issue, as a result of I’m satisfied that I’m not responsible.
Crypto whole market cap slides to $1.01 trillion on the weekend chart at TradingView.com
Crypto Queen: OneCoin rip-off debunked
OneCoin cryptocurrency rip-off, one of the crucial infamous fraudulent schemes lately, continues to seize international consideration. On the heart of this elaborate internet of deception stands Ruja Ignatova, often known as the crypto queenwhose disappearing act has left a path of unanswered questions and a tangled internet of economic smash.
Ignatova, a Bulgarian nationwide, based OneCoin in 2014, promising unparalleled returns on investments within the cryptocurrency. With slick advertising techniques and a charismatic persona, the crypto queen lured unsuspecting people from all walks of life into pouring their financial savings into what she claimed can be the subsequent huge factor in digital forex.
However in 2017, cracks began appearing within the empire she had constructed. Investigations by authorities world wide started to disclose the fraudulent nature of OneCoin. Because the strain elevated, Ignatova disappeared from the general public in late 2017, leaving a path of disgruntled buyers looking for solutions.
Schneider’s arrest by French authorities in April 2021 gave a glimmer of hope to OneCoin fraud victims who believed it might result in the restoration of their investments.
Nonetheless, his subsequent launch below home arrest and escape from digital surveillance has dealt a blow to these looking for justice.
Featured picture from Slate/Getty Photos Plus
