A “
Dubai Unlocked
” leak pertaining to real-estate records in the UAE has tied over two dozen properties to OneCoin scammers.

The leak, shared and vetted by various media publications, also provides intel on OneCoin fugitive Frank Schneider.

The package covers the ownership and use of hundreds of thousands of properties in Dubai, as well as further personal information from their owners and users.

The information mostly comes from 2020 and 2022 and was verified for months with information from official sources.

Describing Dubai as an “Eldorado for oligarchs, drug lords and other underworld figures, in a
paywalled May 15th article
Der Spiegel reports OneCoin founder Ruja Ignatova,
also a fugitive
, purchased a luxury apartment in Dubai in 2015 for ~2.4 million euros.

Ignatova sold her Dubai apartment in late 2019. At the time Ignatova had been
indicted in the US
and was wanted on OneCoin fraud charges.

Meanwhile, the suspected fraudsters bought one luxury property after another.

Co-founder Sebastian Greenwood was already based in Dubai and to this day he owns an opulent villa near the Montgomerie Golf Club.

Other OneCoin scammers who purchased property in Dubai include:

Stephan Steinkeller (right), a
wanted fugitive in Italy
, purchased a “207 square meter property for a good one million euros, as well as another two-room apartment in the newly developed harbor district for more than 500,000 euros” (the data shows Steinkeller still owns the property and rents it out for 70,000 euros a year)

Kari Wahlroos has “one villa and seven apartments” in Dubai

Frank Schneider “purchased a 270 square meter residence on the fifth floor of the “Serenia Residences” for around 1.7 million euros” in 2018 (Schneider sold the apartment in 2022 while
under house arrest in France
)

In total, the data can be used to assign more than two dozen Dubai properties to the OneCoin management team, for which they spent a double-digit million sum.

OCCRP reports
OneCoin scammers were able to buy and sell properties in Dubai

despite a United Arab Emirates law in place since 2019 that requires realtors to run background checks on buyers and sellers of properties, and report any suspicious transactions to authorities.

UAE officials — including at the ministries of interior, economy, and justice — and Dubai Police did not respond to detailed questions from reporters about the sale of properties belonging to Ignatova and Schneider.

Prior to
disappearing last year
, Frank Schneider (right) referred to himself as a “Dubai-based businessman who travels tirelessly.”

Over the course of overseeing OneCoin’s money laundering operations and working closely with Ruja Ignatova, Schneider is reported to have personally stolen 14 million euros through various Dubai shell companies.

Reports Der Spiegel;

Until the beginning of the pandemic, the Luxembourger was “constantly coming and going” in the emirate, one of his acquaintances told reporters from the research team.

🤖 Quick Answer

What does the "Dubai Unlocked" leak reveal about OneCoin scammers?
The leak ties over two dozen properties in the UAE to OneCoin scammers, providing ownership details and personal information about users and owners. The data, verified by media outlets and official sources, covers hundreds of thousands of Dubai properties and includes information on fugitives like OneCoin founder Ruja Ignatova and Frank Schneider.

Who purchased luxury real estate in Dubai according to the leaked documents?
OneCoin founder Ruja Ignatova purchased a luxury apartment in Dubai in 2015 for approximately 2.4 million euros. Ignatova, a fugitive from justice, used Dubai's real-estate market as part of the cryptocurrency scheme's financial operations and asset concealment strategy.

What time period do the leaked real-estate records cover?
The leaked information primarily originates from

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