New Zealand authorities have seized a home and $462,000 in money.
The belongings are believed to belong to OneCoin fugitive Frank Schneider.
As reported by Stuff earlier at this time;
NZ Police labored in collaboration with worldwide regulation enforcement companions to find and seize the Aotearoa-based income of Frank Schneider, a Luxembourg nationwide.
From The Submit;
Police consider the property in Wellington, together with $462,000, are the proceeds of the OneCoin pyramid scheme.
Between 2018 and 2020, the cash was despatched to somebody Schneider knew in New Zealand to purchase belongings and property.
Police are making an software to the Excessive Courtroom for forfeiture of the belongings.
The burning query is whether or not Schneider (proper) has been apprehended. Sadly New Zealand’s authorities haven’t confirmed or denied Schneider’s arrest.
Talking on the seizure, Detective Inspector Christiaan Barnard on said;
There was no suggestion any of the suspects from the OneCoin scheme are in New Zealand.
That lends itself to Schneider nonetheless being on the run however isn’t definitive.
Schneider, former head of Luxembourg’s intelligence company, labored as OneCoin founder Ruja Ignatova’s right-hand man. He’s additionally believed to have overseen OneCoin’s international cash laundering operations.
By means of his contacts, Schneider is believed to have tipped Ignatova off to the US investigation into OneCoin. This led to Ignatova’s disappearance in late 2017.
Schneider was arrested in France again in 2021. After US authorities secured Schneider’s extradition, incompetence on behalf of French authorities noticed Schneider flee.
Alongside Ignatova, Schneider stays a wished fugitive.
Pending any additional updates associated to Schneider and New Zealand, we’ll hold you posted.