AML Bitcoin founder convicted of fraud could face decades in prison
2025-03-13 07:37:00
On March 13, a 12-member jury in San Francisco federal court found Marcus Rowland Andrade, the founder of Anti-Money Laundering Bitcoin (AML Bitcoin), guilty of federal wire fraud and money laundering in 2017 and facing decades in prison. Andrade is a Texas businessperson who worked with well-known lobbyist Jack Abramoff to promote AML Bitcoin as a "safe and secure" payment system.
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