The Court of the Southern District of New York has just released an indictment against Luxembourg citizen Frank Schneider, who is associated with crypto pyramid scheme OneCoin.
The prosecutor filed on December 5 a corresponding request.
Schneider has been charged with wire fraud and money laundering. According to the US authorities, OneCoin participants tricked “people around the world, including in the Southern District of New York” into investing in a pyramid scheme.
The document reads:
“Schneider helped run an international fraudulent scheme by manipulating the proceeds of the scheme and evading investigations, among other things.”
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