French authorities have dropped the ball, allowing OneCoin’s Frank Schneider to flee pending extradition to the US.

Following
exhausted legal avenues
and the
unsealing of his indictment
last December, the French government was expected to promptly sign off on Schneider’s extradition.

What we now know is the French government only
recently approved the extradition
.

The prosecutor’s office of Nanzeg confirmed to us that the extradition was recently signed by the French head of government, Elisabeth Borne.

Guy Kaiser, a blogger from Luxembourg,
claims
the French government approved Schneider’s extradition back in early April.

Schneider (right) appears to have learnt of that decision, prompting him to flee monitored house arrest and go on the run.

Kaiser seems to have known about Schneider disappearing as early as May 26th.

Did he get help from other people? It cannot be ruled out, but he alone knows that.

French authorities purportedly learned of Schneider fleeing when his electronic ankle monitor ceased functioning mid to late May.

Publicly, as of Thursday June 8th, French authorities have no idea where Schneider is.

The obvious escape route is Luxembourg, whose border is a 30 minute drive from Schneider’s apartment in Joudreville.

Schneider is a Luxembourg citizen and Luxembourg does not extradite its own citizens.

Notwithstanding Schneider’s political connections (Schneider is a former Luxembourg Spy Master), it’s expected that if Schneider faced trial in Luxembourg, he’d receive a slap on the wrist.

In the US Schneider has been charged with Conspiracy to Commit Wire Fraud and Conspiracy to Commit Money Laundering.

If convicted, Schneider, 53 as of December 2022, faces up to 40 years in prison.

Schneider fleeing to Dubai is of course another possibility. The corruption-riddled emirate is a notorious
safe-haven for wanted criminals
from around the world.

Wherever he’s hiding, for now OneCoin criminal proceedings against Schneider have stalled. Pending any further developments, we’ll keep you posted.

🤖 Quick Answer

Who is Frank Schneider and why was he detained in France?
Frank Schneider is a OneCoin associate facing extradition to the United States following legal proceedings. He was detained in France pending approval of his extradition after his indictment was unsealed in December, related to his involvement with the OneCoin cryptocurrency scheme.

What triggered Schneider's escape from French custody?
Schneider fled monitored house arrest after learning of France's extradition approval, signed by Prime Minister Elisabeth Borne in early April. Recognizing the imminent transfer to US authorities, he abandoned his supervised residence and became a fugitive.

What role did Guy Kaiser play in reporting these events?
Guy Kaiser, a Luxembourg-based blogger, documented Schneider's extradition timeline and subsequent escape. He provided information to media outlets about the French government's approval decision and Schneider's consequent flight from

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