Scam security chief flees house arrest trial

He was the head of security for the “Kryptoqueen” and once helped the most wanted criminal to escape. Now Frank Schneider, 53, went into hiding himself. This is reported by the British BBC. He was threatened with trial in the USA – and up to 40 years in prison. There are numerous theories about his whereabouts. Some tracks lead to the United States, others to Luxembourg or to Dubai.

Frank Schneider was arrested by French authorities two years ago in a spectacular action. Since then he has been under house arrest at his country home in the northeast of the country. The French signed his extradition request to the Americans on February 15, 2023. According to reports, the ex-spy got rid of his ankle bracelet. Even close family members do not know anything about his whereabouts.

So he helped the crypto queen to escape

According to an insider in the Luxemburgish daily newspaper, Schneider is “in the safe hands of another judiciary”. One guess: the Luxembourg authorities saved him. Conservative parties in particular wanted to prevent his extradition. It’s only a 30-minute drive from his house to his home country.

Other theories: Like other ex-OneCoiners, Schneider has agreed to a deal with the USA and is now under house arrest there. Also possible: He found shelter in Israel or Great Britain through old secret service contacts. Or fled to Dubai, a “safe haven” for criminals.

Frank Schneider acted as advisor and head of security for the billion-dollar OneCoin scam. According to rumours, he is said to have given Ruja Ignatova the crucial tips for her escape. In one of his numerous press interviews, he said that he spoke to Ruja Ignatova on the night of October 25, 2017. She was being brought back to Bulgaria by men across the Green Border, she told him. At night she texted: “Home safe”. your last sign of life.

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OneCoin is considered a scam of the century

OneCoin is considered one of the biggest crypto scams of all time. Excessive parties in Bulgaria and London. Rooms full of cash, private spies and scammed customers, all over the world. Europol and the FBI put founder Ruja Ignatova on their lists of the world’s most wanted criminals in June 2022, alongside serial killers, terrorists and drug cartel bosses.

Studies on OneCoin are ongoing in numerous countries. By the way: In the August 2022 BTC-ECHO magazine we tell the whole story behind one of the most spectacular scams of the 21st century.