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Frank Schneider, who stole money from people using OneCoin, has lost his appeal against being sent to the US.
Several news sources say that the Court of Cassation turned down Schneider’s appeal on Tuesday.
Le Quotidien writes:
Frank Schneider, the former number 3 of the Luxembourg intelligence services, is currently living in Lorraine. There doesn’t seem to be anything that would stop him from being sent to the United States.
RTL reports;
The Court of Cassation in Paris said on Tuesday that the Luxembourgish businessman could be sent to the United States.
And just for good measure, we’ll include the reporter piece that you have to pay for;
Frank Schneider, who used to work for the Luxembourg secret service, can be sent from France to the United States.
The French Court of Cassation in Paris has come to this conclusion. On Tuesday, the ex-objection agent’s request for this kind of extradition was turned down.
Since Schneider lost his case against extradition and is now appealing that decision, it is up to the French government to decide whether or not to send him back.
From what I understand, they probably won’t step in now that the court process is over. But it’s not clear when a decision will be made about whether or not to extradite Schneider.
Schneider (on the right) is now an even bigger flight risk, so I hope it’s soon.
While his extradition case was going on, Schneider was sent back to his home in Joudreville, which is only 30 km from the border between France and Luxembourg.
Due to his political connections, if Schneider runs away, it’s likely that nothing will happen to him in Luxembourg.
Schneider used to be a spy for Luxembourg. He worked directly with the group’s founder, Ruja Ignatova, giving her information and overseeing operations to launder money.
Schneider has already admitted that he helped Ignatova wash money. Schneider says he made between €4 and €5 million through his company, Sandstone.
Mark Scott, who was lower on the OneCoin totem pole, got more than $50 million, so it’s likely that Schneider got much more than that.
Schneider was charged in the US with working with others to commit electronic fraud and wash money. He could get 20 years for each count, but we don’t know how many counts there are (the indictment has yet to be made public).
Schneider, who is 53, thinks that he will lose the case in the US. He has said that being extradited is like getting a “death sentence.”
