New Zealand Police Seize Residential Property and Cash Owned by Fugitive Former Luxembourg Spy and Onecoin Adviser

A residential spot successful Wellington, New Zealand and much than $282,000 belonging to an advisor of Onecoin mastermind Ruja Ignatova was precocious seized by the police. Detective Inspector Christiaan Barnard said his enactment has nary crushed to judge that Onecoin masterminds are hiding successful New Zealand.

Property Purchased by Third Party

The constabulary successful New Zealand person reportedly seized a residential spot and much than $282,000 successful cash, some of which allegedly belonged to Frank Schneider, the fugitive advisor to the Onecoin mastermind Ruja Ignatova. According to the police, the seized assets mightiness beryllium proceeds of a planetary Ponzi scheme.

A report successful The Post states that Schneider, a Luxembourg national, whitethorn person purchased the residential spot done a 3rd party. The wealth utilized to bargain the spot is thought to person been sent to the unnamed idiosyncratic sometime betwixt 2018 and 2020.

After his apprehension by the French constabulary successful April 2021, Schneider reportedly spent 7 months successful situation earlier being released nether location arrest. In August, portion awaiting his extradition to the U.S., wherever helium faced the imaginable of 40 years successful jail, helium reportedly claimed successful a podcast that helium would not get a just proceedings successful that country.

Schneider cited the outgo of litigation arsenic good arsenic the alleged plea bargain strategy commonly employed by U.S. prosecutors. However, conscionable a twelvemonth aft vowing to combat his extradition, Schneider disappeared adjacent though helium was wearing an ankle tag.

Onecoin Masterminds Are Not Hiding successful New Zealand

Meanwhile, successful his remarks pursuing the New Zealand police’s seizure of the assets, Detective Inspector Christiaan Barnard, said:

The New Zealand Police volition proceed to enactment with our planetary partners to guarantee that New Zealand’s fiscal strategy is not abused to fell illicit income.

The detective inspector added that his enactment has nary crushed to judge that Onecoin masterminds are hiding successful New Zealand. According to the report, the New Zealand constabulary are present seeking to forfeit the seized assets.

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