A cryptocurrency CEO has been convicted of wire fraud and money laundering after deceiving investors, raising millions through false claims, and laundering funds for personal luxury purchases. AML Bitcoin Founder Convicted in Multi-Million Dollar Fraud Case A federal jury in San Francisco has convicted Rowland Marcus Andrade, the founder and CEO behind AML Bitcoin, of […]
Source link

Chain Articles > Blog > Bitcoin > Crypto CEO Falls: AML Bitcoin’s Founder Faces 30 Years for Fraud and Laundering
Crypto CEO Falls: AML Bitcoin’s Founder Faces 30 Years for Fraud and Laundering
posted on
You Might Also Like
CoinEx, Laguna Media Corps Host Seminar on Digital Security and Crypto Literacy
Jack DaviesMarch 16, 2025
CoinEx, in collaboration with multicultural creative hub Laguna Media Corps, recently hosted a seminar on “Digital Information Dissemination, Cybercrime Awareness...
Ripple Breaks Ground In Middle East: Secures First Payment License
Jack DaviesMarch 16, 2025
Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA). With...
Three Arrows Capital Boosts FTX Bankruptcy Claim to $1.53 Billion After Court Approval
Jack DaviesMarch 16, 2025
A US bankruptcy court has ruled in favor of liquidators of Three Arrows Capital (3AC), allowing them to increase their...
UK FCA’s Finprom Rules 1 Year Later: How to Kill an Industry in One Easy Step
Jack DaviesMarch 16, 2025
As a lawyer (not yours), I spend a good chunk of my time explaining to businesses why they need to...