The latter was involved in the ‘OneCoin’ fraudulent cryptocurrency case, which defrauded its users billions of dollars between 2014 and 2019.
On Tuesday, the Court of Cassation validated the extradition to the United States of Frank S., former number 3 of the Luxembourg intelligence services, suspected of being involved in a large cryptocurrency fraud “OneCoin”.
With a seven-page ruling consulted by the AFP, the Court of Cassation rejects Franck S.’s appeal and validates the extradition decision adopted in January by the investigation chamber of the Nancy Court of Appeal.
It is now up to the French government to issue an extradition decree, which can also be challenged.
“Disappointing the decision of the Supreme Court”
“The decision (of the Court of Cassation) is disappointing for questions of European law before the Court, and surprising because with a sentence of the same day, on the same subject, it instead annulled a sentence that had given an opinion in favor of extradition to Russia” , Frank S.’s attorney, Me Emmanuel Marsigny, regretted.
Converted into economic intelligence, Franck S., a 51-year-old Luxembourgish resident in Lorraine since 2008, is the subject of an extradition request from American justice addressed to the French authorities on February 4, 2021.
He was arrested in France on April 29, 2021 by the Research and Intervention Brigade (BRI), then brought before Nancy’s attorney general before being jailed. Two American FBI agents then went to Nancy to thank the French investigators for arresting him.
Frank S. was instead released on November 19, 2021 under house arrest under an electronic bracelet, pending the decision on the extradition request made by the American authorities.
several billion dollars
The former Luxembourg services agent is wanted by US courts in a cryptocurrency fraud case “OneCoin” which defrauded its users several billion dollars between 2014 and 2019.
Considered in December 2019 by the British newspaper Times as “one of the greatest scams in history”, the system was based on a Ponzi scheme which consists in remunerating investors with funds brought in by new entrants.
The grand ducal citizen is indicted in the United States for “association with electronic fraud” and “association with money laundering”, under the terms of the sentence of the Court of Cassation.
According to Me Marsigny, Frank S. “discovered” during his arrest that he was accused on September 24, 2020 “by the New York Prosecutor’s Office” in this case, and was “falsely presented by the US prosecutor as on the run”.
In May, Frank S. filed a complaint of forgery and use of forgeries in writing, accusing the American judicial authorities of false accusations to secure his imprisonment in France.