From Crypto King To Convict: AML Bitcoin Founder Sentenced To 7 Years
Description
A California jury has sent a clear message about crypto scams. According to the US Department of Justice, Rowland Marcus Andrade will spend seven years in prison after being found guilty of wire fraud and money laundering. Andrade had pitched a token called AML Bitcoin as a legit way to fight financial crime. In reality, he used roughly $10 million from investors to feed his own lifestyle. Founder Jailed For Crypto Fraud Investors believed Andrade’s pitch about anti‑money‑laundering technology. ...
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