AML Bitcoin founder convicted of fraud, could face decades in prison
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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