AML Bitcoin founder convicted of fraud or faces decades in prison

Crypto 7x24

2025-03-13 08:19:15

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On March 13, a 12-member jury in the Federal Court of San Francisco ruled today that Marcus Rowland Andrade, founder of Anti-Money Launching Bitcoin (AML Bitcoin), was convicted of federal wire fraud and money laundering charges for plotting a multi-million-dollar "up-shipment" scam in 2017 and may face decades in prison. Andrade is a Texas businessman who worked with prominent lobbyist Jack Abramoff to promote AML Bitcoin as a "safe and reliable" payment system.

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NewFlash

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