We present a new, deep ( ) study of the Galactic globular cluster NGC 2419 based on B, V, I time-series V ∼ 26 CCD photometry over about 10 years and extending beyond the cluster published tidal radius. We have identified 101 variable stars, of which 60 are new discoveries, doubling the known RR Lyrae stars and including 12 SX Phoenicis stars. The average period of the RR Lyrae stars ( 2 days and days, for AP S p 0.66 AP S p 0.366fundamental-mode-RRab-and first-overtone pulsators, respectively) and the position in the period-amplitude diagram both confirm that NGC 2419 is an Oosterhoff II cluster. q Cen hosts multiple stellar populations (see, e.g., Bedin et al. 2004;Rey et al. 2004;Sollima et al. 2005) and likely is the stripped core of a defunct dwarf galaxy (Villanova et al. 2007 and references therein); and M54 is thought to be the core of the Sagittarius (Sgr) dwarf spheroidal galaxy (dSph), which is currently merging with the MW (see, e.g., Layden & Sarajedini 2000). All these peculiarities and the similarity with q Cen and M54 suggest that NGC 2419 could have an extragalactic origin and be the relict of a dwarf galaxy tidally disrupted by the MW (van den Bergh & Mackey 2004). Newberg et al. (2003) find that the cluster appears to lie within an overdensity of A-type stars connected to previously discovered tidal tails of the Sgr dSph and conclude that the cluster might once have been associated to Sgr. In addition, the cluster has a central velocity dispersion ( ) much lower than the dSph's for which this j 0 quantity has been measured and, in the versus plane log j M 0 V (Faber & Jackson 1976), lies 3 and 6 j apart from the "fundamental plane" relations for GCs and elliptical galaxies, respectively (see de Grijs et al. 2005). For a comparison, in this plane q Cen lies at the intersection of these two lines. Color-magnitude diagrams (CMDs) of NGC 2419 published so far either do not go fainter than the main-sequence turnoff (TO) or cover small portions of the cluster (Christian & Heasley 1988;Harris et al. 1997;Stetson 1998Stetson , 2005Saha et al. 2005;Sirianni et al. 2005). We also lack a modern study of the cluster variable stars based on accurate CCD photometry, the most recent variability survey being the photographic work by Pinto & Rosino (1977, hereafter PR), who detected 41 variables in the external regions of NGC 2419 and found the average period of the fundamental-mode RR Lyrae (RRab) stars to be consistent with NGC 2419 being an Oosterhoff II (OoII) cluster (Oosterhoff 1939).In this Letter, we present a CMD reaching about 2.6 mag below the NGC 2419 TO and a new study of the variable stars L62 RIPEPI ET AL.Vol. 667