OneCoin Money Launderer Frank Schneider Arrested in France


Frank Schneider, a key figure in OneCoin’s money laundering operations, has been arrested in France. Schneider is also believed to have tipped off Ruja Ignatova about the FBI investigation, leading to her disappearance.

May 4, 2021 | AtoZ Markets – Luxembourg citizen Frank Schneider, wanted by the US authorities for fraud in the OneCoin cryptocurrency pyramid, was detained in the French city of Auden-le-Tiche, local news media L'essentiel reported.

His arrest was carried out on the basis of an international warrant issued by a New York court.

Read also: OneCoin Ponzi Scheme Lawyer Disbarred for Money Laundering, Conspiracy

According to the investigation, as a partner of OneCoin, Schneider hired the law firm Carter-Ruck and the reputation management company Chelgate to put pressure on the UK Financial Conduct Authority (FCA).

Subsequently, because of this, the department removed the warning about the OneCoin pyramid from its website, which OneCoin representatives used for a PR campaign.

In 2019, Frank Schneider appeared in New York City court on charges of money laundering and working as an informant for OneCoin.

Want to trade Cryptocurrencies with a reliable exchange? Open a live account with AtoZ Markets approved crypto exchanges:

Binance
98/100
Binance Review
Visit Site
Kraken
97/100
Kraken Review
Visit Site
CEX.IO
96/100
CEX.IO Review
Visit Site

Read also: OneCoin Leader Has Sentencing for Money Laundering Adjourned

Previously, he was involved in the wiretapping of the Luxembourg National Security Service (SREL).

In the near future, Frank Schneider may be extradited to the United States.

Recall that the damage from the activities of the OneCoin financial pyramid is estimated at at least $4 billion . The whereabouts of the alleged main organizer, Ruja Ignatova, have not been known since 2017. Schneider is also believed to have tipped off Ignatova about the FBI investigation, leading to her disappearance.

Should you trade cryptocurrencies on your own at all?

Before you start trading cryptocurrencies, you'll want to read this.

Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.

 

 

His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.

Want to see which ones?

 

  1. safekeeper2010 says:

    Search of the US federal PACER shows no open or closed against Schneider.

Leave a Reply

Your email address will not be published. Required fields are marked *