Schaefer has claimed to have stepped down in the past.
"May 10, 2016 -- InvestorsHub NewsWire -- Coin Citadel (OTC:CCTL) a Holdings Company is very proud to announce the appointment of a New Chief Executive Officer (CEO) and Bill Schaefer has agreed to step down."
That didn't work out very well.
Schaefer isn't giving up control of CCTL - it is his personal ATM.