AML Bitcoin founder convicted of fraud, could face decades in prison
Bitget2025/03/12 23:40
News on March 13, the San Francisco Federal Court jury of 12 ruled today that Marcus Rowland Andrade, the founder of Anti-Money Laundering Bitcoin (AML Bitcoin), orchestrated a "pump and dump" scam involving millions of dollars in 2017. He was found guilty of federal wire fraud and money laundering charges and could face decades in prison. Andrade is a businessman from Texas who once worked with well-known lobbyist Jack Abramoff to promote AML Bitcoin as a "safe and reliable" payment system.
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