OneCoin fraudster Frank Schneider has misplaced his attraction in opposition to extradition to the US.
A number of information sources have reported Schneider’s attraction was rejected by the Courtroom of Cassation on Tuesday.
Nothing appears to face in the way in which of the previous quantity 3 of the Luxembourg intelligence companies Frank Schneider being extradited from Lorraine, the place he presently resides, to america.
On Tuesday, the Courtroom of Cassation in Paris introduced its determination to permit the extradition of the Luxembourgish businessman to america.
And for good measure we’ll additionally embody the paywalled Reporter piece;
The previous worker of the Luxembourg secret service, Frank Schneider, could be extradited from France to the USA.
That is the conclusion reached by the French Courtroom of Cassation in Paris, which on Tuesday rejected an objection by the ex-agent in opposition to such extradition.
Having misplaced his objection to extradition and now attraction in opposition to that call, a remaining determination on Schneider’s extradition rests with the French authorities.
As I perceive it, with the judicial course of having performed out it’s unlikely they’ll intervene. When a choice shall be made on Schneider’s extradition nevertheless shall be unclear.
Hopefully it’s quickly as Schneider (proper) simply turned a fair increased likelihood flight-risk.
Pending the end result of his extradition proceedings, Schneider was launched to his residence in Joudreville – simply 30 km from France’s Luxembourg border.
Ought to Schneider flee, on account of his political connections, it’s anticipated he’ll face no repercussions in Luxembourg.
Schneider is a former Luxembourg Spy Grasp. He labored instantly with founder Ruja Ignatova, offering intelligence and overseeing cash laundering operations.
Schneider has already admitted he laundered cash for Ignatova. By his firm Sandstone, Schneider claims he made “4 to 5 million euros”.
Given Mark Scott, who was decrease on the OneCoin totem pole, pocketed over $50 million, the precise quantity Schneider obtained is prone to be a lot increased.
Schneider’s US indictment particulars prices regarding conspiracy to commit digital fraud and launder cash. He’s going through 20 years per rely on an unknown variety of counts (the indictment has but to be made public).
Schneider, 53, expects to lose the case within the US. He has described his extradition as a “loss of life sentence”.
