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Frank Schneider & OneCoin – Scam Review

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Frank Schneider, a OneCoin scammer, has lost his appeal against extradition to the United States.

Tuesday, the Court of Cassation denied Schneider’s appeal, according to many news outlets.

Le Quotidien writes;

Frank Schneider, the former number three of the Luxembourg intelligence services, appears to be extraditable from Lorraine, where he presently resides, to the United States.

RTL reports;

The Court of Cassation in Paris declared on Tuesday that the Luxembourgish businessman will be extradited to the United States.

And for good measure, we’ll also include the Reporter article behind a paywall;

Frank Schneider, a former employee of the Luxembourg secret service, can be extradited from France to the United States.

This is the finding reached by the French Court of Cassation in Paris, which rejected the ex-opposition agent’s to his extradition on Tuesday.

Having lost his objection to extradition and now appealing that judgment, the French government has the ultimate say on Schneider’s extradition.

As far as I’m aware, it’s doubtful that they’ll interfere now that the legal procedure has concluded. It is unknown when a decision will be reached on Schneider’s extradition.

Schneider (right) has suddenly become a flight risk with an even higher chance of.

Schneider was freed to his home in Joudreville, barely 30 kilometers from the Luxembourg border, pending the conclusion of his extradition procedures.

Due to his political ties, it is anticipated that Schneider will suffer no repercussions in Luxembourg should he depart.

Former Luxembourg Spy Master, Schneider. He provided intelligence to the organization’s founder, Ruja Ignatova, and oversaw money laundering activities.

Schneider has already admitted to laundering funds for Ignatova. Schneider asserts he earned “four to five million euros” through his firm Sandstone.

Given that Mark Scott, who was lower on the OneCoin totem pole, earned over $50 million, it is probable that Schneider received a significantly greater sum.

The US indictment against Schneider includes counts of conspiracy to commit electronic fraud and money laundering. He faces 20 years for each count on an unspecified number of counts (the indictment has yet to be made public).

Schneider, 53, anticipates a loss in the United States. His extradition has been termed a “death sentence.”

13th October 2022 Update – Radio 100.7 has released an item clarifying the extradition timetable for Schneider:

If the French government has issued an extradition order, Frank Schneider intends to appeal to the French Council of State.

It is expected that a decision on whether Frank Schneider, who was detained in France, must travel to the United States would not be made until the following year.

Other than wasting time, I cannot see Schneider’s appeal succeeding.

I guess that being imprisoned in one’s own home is preferable to a new “forever home” cell in the United States for the time being.

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