French authorities have dropped the ball, permitting OneCoin’s Frank Schneider to flee pending extradition to the US.
Following exhausted authorized avenues and the unsealing of his indictment final December, the French authorities was anticipated to promptly log off on Schneider’s extradition.
What we now know is the French authorities solely just lately permitted the extradition.
The prosecutor’s workplace of Nanzeg confirmed to us that the extradition was just lately signed by the French head of presidency, Elisabeth Borne.
Man Kaiser, a blogger from Luxembourg, claims the French authorities permitted Schneider’s extradition again in early April.
Schneider (proper) seems to have learnt of that call, prompting him to flee monitored home arrest and go on the run.
Kaiser appears to have identified about Schneider disappearing as early as Could twenty sixth.
Did he get assist from different individuals? It can’t be dominated out, however he alone is aware of that.
French authorities purportedly discovered of Schneider fleeing when his digital ankle monitor ceased functioning mid to late Could.
Publicly, as of Thursday June eighth, French authorities do not know the place Schneider is.
The plain escape route is Luxembourg, whose border is a 30 minute drive from Schneider’s condo in Joudreville.
Schneider is a Luxembourg citizen and Luxembourg doesn’t extradite its personal residents.
However Schneider’s political connections (Schneider is a former Luxembourg Spy Grasp), it’s anticipated that if Schneider confronted trial in Luxembourg, he’d obtain a slap on the wrist.
Within the US Schneider has been charged with Conspiracy to Commit Wire Fraud and Conspiracy to Commit Cash Laundering.
If convicted, Schneider, 53 as of December 2022, faces as much as 40 years in jail.
Schneider fleeing to Dubai is in fact one other risk. The corruption-riddled emirate is a infamous safe-haven for wished criminals from all over the world.
Wherever he’s hiding, for now OneCoin felony proceedings in opposition to Schneider have stalled. Pending any additional developments, we’ll hold you posted.
