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.