AML Bitcoin founder sentenced to 7 years in prison for multi-million dollar cryptocurrency fraud and money laundering
16hours ago
According to Odaily Planet Daily, Rowland Marcus Andrade, founder of AML Bitcoin and CEO of the NAC Foundation, has been sentenced to 84 months (7 years) in prison by a US federal court for wire fraud and money laundering involving the cryptocurrency AML Bitcoin. The court found that Andrade defrauded investors of approximately $10 million between 2014 and 2019 by falsely promoting AML Bitcoin's technology, commercial potential, and launch date. He used over $2 million of the proceeds for personal expenses, including real estate and luxury cars. A hearing regarding victim compensation and property forfeiture will be held on September 16, 2025. (The Block)
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Coinbase to List ResearchCoin (RSC)
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