Close Menu
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

Metaplanet’s $5 Billion Capital Fuels Bitcoin Strategy

June 27, 2025

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
X (Twitter) Telegram
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » AML Bitcoin CEO Convicted: Faces 30 Years for Crypto Fraud and Money Laundering
Crypto News

AML Bitcoin CEO Convicted: Faces 30 Years for Crypto Fraud and Money Laundering

Karly MarieBy Karly MarieMarch 17, 2025Updated:April 28, 20252 Mins Read
Twitter Telegram Copy Link Pinterest LinkedIn Facebook Reddit
Share
Twitter Telegram Facebook Pinterest Copy Link

In a landmark crypto crime case, Rowland Marcus Andrade, the founder and CEO of AML Bitcoin, has been convicted of wire fraud and money laundering. A federal jury in San Francisco found Andrade guilty after a five-week trial, where prosecutors revealed that he deceived investors, misrepresented his cryptocurrency’s capabilities, and laundered millions of dollars for personal luxury purchases.

A Web of Lies: How Andrade Defrauded Investors

According to court evidence, Andrade falsely claimed that AML Bitcoin was on the verge of securing approval from the Panama Canal Authority, leading investors to believe they were backing a legitimate and groundbreaking cryptocurrency. However, no such deal existed.

Instead of developing the project, Andrade funneled over $2 million from AML Bitcoin sales into personal expenditures. Prosecutors presented records showing that he purchased two properties in Texas and luxury vehicles, using investor funds that were laundered through multiple bank accounts.

“Marcus Andrade misled investors, manipulated trust, and exploited the promise of innovation for personal gain.” — FBI Special Agent in Charge Sanjay Virmani

Authorities Condemn Crypto Fraud

The case highlights the growing scrutiny of fraudulent activity in the cryptocurrency industry. IRS Criminal Investigation Oakland Field Office Special Agent in Charge Linda Nguyen described Andrade’s scheme as one built on deception:

“Mr. Andrade’s outrageous lies lured and scammed individuals into investing their hard-earned money into a new cryptocurrency with fabricated features.”

Nguyen further emphasized that crypto fraud remains a major concern, particularly when new technologies are used as bait to manipulate investors.

Acting U.S. Attorney Patrick D. Robbins echoed this sentiment:

“Fraudsters often tout new and innovative technology in order to raise money from investors. But raising money through lies and misrepresentations is neither new nor innovative. It’s unlawful, plain and simple.”

What’s Next for Andrade?

With his conviction secured, Andrade is set to be sentenced on July 22, 2025. He faces up to:

  • 20 years in prison for wire fraud
  • 10 years for money laundering
  • Forfeiture of assets tied to his crimes

This case serves as a stark warning to investors in the crypto space, reinforcing the need for due diligence in an industry still plagued by high-profile fraud cases. As regulators continue to crack down on financial crimes, the crypto sector faces increasing pressure to ensure transparency and accountability.

AML Bitcoin crypto fraud cryptocurrency scam investor deception Money Laundering Rowland Marcus Andrade wire fraud
Share. Telegram Twitter LinkedIn Pinterest Facebook Reddit Copy Link
Karly Marie
Karly Marie

Related Posts

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025

Reddit Eyeball-Scanning Technology Sparks User Debate

June 27, 2025

Ethereum Price Drop Triggers Biggest ETF Outflow Yet

June 25, 2025

Thai New Token Issuance Rules Under Consultation

June 25, 2025
Trending Posts

JP Morgan To Use Crypto ETFs As Collateral For Loans

June 16, 2025

Binance Faces IP Theft Accusations Over PNUT Token From Peanut the Squirrel’s Owner

December 17, 2024

Argentine Prosecutor to Freeze $100M Crypto Amid LIBRA Fraud

March 7, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

Metaplanet’s $5 Billion Capital Fuels Bitcoin Strategy

June 27, 2025

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
NEWSLETTER

Subscribe to Updates

Get the latest crypto news and updates direct to your inbox - we don't spam

X (Twitter) Telegram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,164.71
ethereum
Ethereum (ETH) $ 2,420.77
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.18
bnb
BNB (BNB) $ 645.44
solana
Solana (SOL) $ 143.10
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.273562
dogecoin
Dogecoin (DOGE) $ 0.161796
staked-ether
Lido Staked Ether (STETH) $ 2,419.71
cardano
Cardano (ADA) $ 0.559932
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 107,121.70
hyperliquid
Hyperliquid (HYPE) $ 36.71
bitcoin-cash
Bitcoin Cash (BCH) $ 501.65
wrapped-steth
Wrapped stETH (WSTETH) $ 2,917.45
sui
Sui (SUI) $ 2.69
chainlink
Chainlink (LINK) $ 13.12
leo-token
LEO Token (LEO) $ 9.06
avalanche-2
Avalanche (AVAX) $ 17.61
stellar
Stellar (XLM) $ 0.237912
usds
USDS (USDS) $ 0.999932
the-open-network
Toncoin (TON) $ 2.85
shiba-inu
Shiba Inu (SHIB) $ 0.000011
whitebit
WhiteBIT Coin (WBT) $ 46.33
weth
WETH (WETH) $ 2,420.11
litecoin
Litecoin (LTC) $ 85.19
wrapped-eeth
Wrapped eETH (WEETH) $ 2,591.36
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
hedera-hashgraph
Hedera (HBAR) $ 0.146165
monero
Monero (XMR) $ 307.82
bitget-token
Bitget Token (BGB) $ 4.69
ethena-usde
Ethena USDe (USDE) $ 1.00
polkadot
Polkadot (DOT) $ 3.37
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 107,165.71
pi-network
Pi Network (PI) $ 0.561008
uniswap
Uniswap (UNI) $ 6.89
aave
Aave (AAVE) $ 257.15
pepe
Pepe (PEPE) $ 0.000009
dai
Dai (DAI) $ 1.00
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
aptos
Aptos (APT) $ 4.87
okb
OKB (OKB) $ 50.29
bittensor
Bittensor (TAO) $ 324.16
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
near
NEAR Protocol (NEAR) $ 2.11
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 173.45
internet-computer
Internet Computer (ICP) $ 4.76
crypto-com-chain
Cronos (CRO) $ 0.080722
ethereum-classic
Ethereum Classic (ETC) $ 16.16
susds
sUSDS (SUSDS) $ 1.06
ondo-finance
Ondo (ONDO) $ 0.747337
tokenize-xchange
Tokenize Xchange (TKX) $ 27.68
usd1-wlfi
USD1 (USD1) $ 0.9997
mantle
Mantle (MNT) $ 0.595921
kaspa
Kaspa (KAS) $ 0.074425
gatechain-token
Gate (GT) $ 15.65
fasttoken
Fasttoken (FTN) $ 4.41
official-trump
Official Trump (TRUMP) $ 9.02
cosmos
Cosmos Hub (ATOM) $ 3.94
vechain
VeChain (VET) $ 0.020538
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.67021
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 107,244.73
sky
Sky (SKY) $ 0.078738
render-token
Render (RENDER) $ 3.18
sei-network
Sei (SEI) $ 0.293102
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.175011
ethena
Ethena (ENA) $ 0.253535
arbitrum
Arbitrum (ARB) $ 0.304071
algorand
Algorand (ALGO) $ 0.174932
filecoin
Filecoin (FIL) $ 2.20
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.37
first-digital-usd
First Digital USD (FDUSD) $ 0.998072
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,420.15
usdtb
USDtb (USDTB) $ 1.00
worldcoin-wld
Worldcoin (WLD) $ 0.875066
kucoin-shares
KuCoin (KCS) $ 11.11
binance-staked-sol
Binance Staked SOL (BNSOL) $ 151.57
usdt0
USDT0 (USDT0) $ 1.00
jupiter-exchange-solana
Jupiter (JUP) $ 0.409961
nexo
NEXO (NEXO) $ 1.20
flare-networks
Flare (FLR) $ 0.017107
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,756.30
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,534.70
spx6900
SPX6900 (SPX) $ 1.18
bonk
Bonk (BONK) $ 0.000013
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
injective-protocol
Injective (INJ) $ 10.56
kaia
Kaia (KAIA) $ 0.175432
fartcoin
Fartcoin (FARTCOIN) $ 1.03
blockstack
Stacks (STX) $ 0.65858
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
celestia
Celestia (TIA) $ 1.45
sonic-3
Sonic (S) $ 0.305411
paypal-usd
PayPal USD (PYUSD) $ 0.999764
xdce-crowd-sale
XDC Network (XDC) $ 0.059507
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.46
optimism
Optimism (OP) $ 0.536979
pax-gold
PAX Gold (PAXG) $ 3,298.01
solv-btc
Solv Protocol BTC (SOLVBTC) $ 106,883.64
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,585.97