A U.S. court has unsealed indictment documents of Frank Schneider, the Crisis Manager at Ruja Ignatova‘s OneCoin. OneCoin was responsible for the notorious crypto scam worth $4 billion in 2017. The report described the accusations made against Frank Schneider after a grand jury hearing in 2020. The documents were sealed until U.S. attorney Damian Williams requested a court in the Southern District of New York.
According to the document, Schneider assisted in running a global scheme involving the selling of alleged crypto called “OneCoin.” He oversaw the scheme’s income and assisted in thwarting law enforcement inquiries. The document also stated that solicitations for people from around the world were made, including in the Southern District of New York, using fraudulent information and misrepresentations.
Schneider will be the most recent defendant to testify in court about the $4 billion OneCoin Ponzi fraud if he is extradited to the US for trial. In October, three of Ruja Ignatova’s accused acquaintances made an appearance in court in Germany. Moreover, Konstantin Ignatov, Ruja Ignatova’s brother, pleaded guilty to fraud and money laundering in 2019.
Christopher Hamilton, a second individual, is about to be extradited from the U.K. to the U.S. to face charges related to his alleged involvement in the crypto fraud.
Additionally, Schneider is a former Luxembourg intelligence agent. He worked with OneCoin through his private intelligence company, Sandstone. Sandstone is facing charges of conspiring to commit money laundering and wire fraud.
Furthermore, Schneider described his work at OneCoin as a “crisis manager” for the scheme’s founder Ignatova, the notorious “crypto queen.” Additionally, he said that at the time of his involvement, he was not aware of any potential criminal activity.
Where is Crypto Queen Ruja Ignatova?
The whereabouts of Ignatova are currently unknown. She was last spotted boarding a flight to Athens from the Bulgarian capital of Sofia. The FBI has even added her to its list of most wanted criminals, with a bounty of $100,000.
Moreover, the crypto queen may have altered her gender to avoid capture and investigation, according to a new sketch of Ignatova. The most recent illustrations by TradingPedia, the company leading the research, indicated that Ignatova may now be a male.