The Crypto Queen partner, like his former boss Ruja Ignatova, disappeared before facing legal action in the US.
Frank Schneider, who worked as a “crisis manager” and security advisor for the brain of OneCoin Ignatova, is currently evading authorities and being pursued by the French legal system.
Schneider, 53, has been placed under house arrest in France pending extradition to the United States.
Crypto queen’s partner evades justice, fair trial questions
Initially arrested by French authorities in April 2021 while he was traveling with his family near the Luxembourg border, Schneider endured seven months of confinement before being released under house arrest.
Frank Schneider is seen in a recent interview with BBC for "The Missing Cryptoqueen" podcast. Image: BBC.
Throughout this period, Schneider resided in a village in France and interviewed journalists while working with his legal team to challenge his extradition.
A cryptocurrency queen has expressed doubts about getting a fair trial in the US, relaying his concerns to the BBC during an August 2022 interview while he was still under house arrest.
He said at the time, “I’m afraid I won’t have access to a legal system in which I can properly defend myself.” “The system is very much based on what’s called plea bargaining. Now, for me, that’s really a problem, because I firmly believe I’m not guilty.
Crypto total market cap slides to $1.01 trillion on the weekend chart at TradingView.com
Crypto Queen: OneCoin scam exposed
The OneCoin cryptocurrency scam, one of the most high-profile fraudulent schemes in recent years, continues to attract global attention. He stands in the middle of this intricate web of deception Ruja Ignatova, better known as the Crypto Queenwhose vanishing business has left a series of unanswered questions and a tangle of financial ruin.
Ignatova, a Bulgarian national, founded OneCoin in 2014, promising unparalleled returns on investments in the cryptocurrency. With her ingenious marketing tactics and charismatic personality, the crypto queen enticed unsuspecting individuals from all walks of life to pour their savings into what she claimed would be the next big thing in digital currency.
However, in 2017, cracks began to appear in the empire she had built. Investigations by authorities around the world have begun to expose the fraudulent nature of OneCoin. with mounting pressure, Ignatova disappeared from the public eye in late 2017, leaving a trail of disaffected investors searching for answers.
Schneider’s arrest by the French authorities in April 2021 brought a glimmer of hope to the victims of the OneCoin scam, as they believed it would lead to their investment back.
However, his subsequent release under house arrest and escape from electronic monitoring dealt a blow to those seeking justice.
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