1 year ago
The U.S. Department of Justice (DOJ) has revisited its lawsuit against Frank Schneider who served arsenic the Crisis Manager for OneCoin — a $4 cardinal scam project.
OneCoin was a crypto-based Ponzi strategy led by Bulgarian nationalist Ruja Ignatova successful 2014. The scam task collapsed successful 2017 aft raising astir $4 cardinal from investors crossed 175 countries. Since past authorities astir the satellite including the DOJ person been trailing its masterminds.
Luxembourg-born Frank Schenider reportedly served arsenic OneCoin’s Crisis Manager and worked intimately with the Cryptoqueen. Given his adjacent ties with the task founders, the DOJ has called for his extradition to the U.S.
Earlier connected Sept. 24, 2020, the DOJ filed a motion against Schenider. However, the claims against him were sealed until Dec. 5, 2022, erstwhile U.S. Attorney Damian Williams approved the unsealing of the question for Schenider’s proceedings to commence.
An apprehension warrant has been issued against Schneider who is expected to beryllium extradited to the U.S. He is acceptable to look trials earlier a Southern District Court connected two-count charges of ligament fraud and wealth laundering.
If proven guilty, Schneider hazard facing up to 40 years imprisonment successful summation to forfeiting each assets and monetary proceeds from the OneCoin scam.
DOJ going aft OneCoin masterminds
While the CryptoQueen remains astatine large, other adjacent allies of the OneCoin scam person been indicted.
British nationalist Christopher Hamilton was reportedly extradited to the U.S. earlier successful August for trials with the DOJ.
OneCoin’s lawyer Mark Scott is facing a 20-year jailhouse word aft being indicted successful November 2019 for laundering astir $400 cardinal from the scheme.
The FBI is reportedly moving with Konstantin Ignatov to way down his “most wanted” sister.
The station OneCoin situation manager Frank Schneider to look proceedings successful the US appeared archetypal connected CryptoSlate.
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