The Crypto Queen confederate, like his former boss Ruja Ignatova, has disappeared previous to dealing with authorized proceedings in the USA.
Frank Schneider, who labored because the “disaster supervisor” and safety advisor for OneCoin’s mastermind Ignatova, is at present evading authorities and is being pursued by the French authorized system.
Schneider, 53, was positioned underneath home arrest in France whereas awaiting extradition to the US.
The Crypto Queen Confederate Evades Justice, Questions Truthful 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 granted launch underneath home arrest.
Frank Schneider is seen in a latest interview with BBC for “The Lacking Cryptoqueen” podcast. Picture: BBC.
All through this era, Schneider resided in a village in France and granted interviews to journalists whereas collaborating along with his authorized crew to contest his extradition.
Expressing doubt about receiving a good trial within the US, the crypto queen adviser conveyed his issues to the BBC throughout an interview performed in August 2022 whereas he was nonetheless underneath home arrest.
“I concern that I’ve not acquired entry to a authorized system during which I can defend myself correctly,” he mentioned on the time. “The system could be very a lot primarily based on so-called plea bargaining. Now, for me, that already is an issue, as a result of I profoundly imagine 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 Unraveled
The OneCoin cryptocurrency rip-off, one of the infamous fraudulent schemes lately, continues to captivate international consideration. On the middle of this elaborate internet of deception stands Ruja Ignatova, often known as the Crypto Queen, whose vanishing 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 and marketing ways and a charismatic persona, the crypto queen enticed unsuspecting people from all walks of life to pour their financial savings into what she claimed can be the following massive factor in digital foreign money.
Nonetheless, in 2017, cracks started to appear within the empire she had constructed. Investigations by authorities world wide began to show the fraudulent nature of OneCoin. Because the stress mounted, Ignatova disappeared from the general public eye in late 2017, forsaking a path of disgruntled traders in search of solutions.
Schneider’s arrest by French authorities in April 2021 introduced a glimmer of hope to the victims of the OneCoin rip-off, as they believed it might result in the restoration of their investments.
But, his subsequent launch underneath home arrest and escape from digital monitoring have dealt a blow to these in search of justice.
Featured picture from Slate/Getty Pictures Plus
