logo

AML Bitcoin Founder Sentenced to 7 Years in Prison for Multi-Million Dollar Cryptocurrency Fraud

By: theblockbeats.news|2025/07/30 02:42:29

BlockBeats News, July 30th: According to TheBlock, AML Bitcoin founder and NAC Foundation CEO Rowland Marcus Andrade has been sentenced to 84 months (7 years) in prison by a U.S. federal court for his involvement in telecommunication fraud and money laundering related to the cryptocurrency AML Bitcoin. The court found that Andrade, between 2014 and 2019, deceived investors by falsely promoting AML Bitcoin's technology, business potential, and launch date, raising approximately $10 million, of which over $2 million was used for personal expenses such as real estate and luxury cars. A hearing on victim compensation and asset forfeiture is scheduled for September 16, 2025.

Hyperliquid: Yesterday, the API server experienced an outage due to a surge in traffic, but it has now been resolved.
US Stock Meme Coin MicroStrategy Stock Tumbled Across the Board Yesterday, New 'BNB Version MicroStrategy' VAPE Plunged by 28.84%

You may also like

Share
copy

Gainers

Latest Crypto News

10:45

Data Center Overheating Causes Nasdaq to Halt Trading for Over 10 Hours, Backup Data Center Not Deployed

09:45

Alliance DAO Genesis: Does not believe that L1 tokens are always a bad investment, nor will it short them

09:15

As the U.S. Struggles to Mediate, Russia and Ukraine Launch Attacks on Each Other

08:45

A certain "Flash Loan Attack Whale" address has accumulated 7066 ETH in the past 5 days through a "Rug Pull Contract Buy Spot" strategy.

07:15

The People's Bank of China Convenes Meeting of the Coordination Mechanism for Cracking Down on Virtual Currency Transaction Speculation

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]