The federal ju judge has convicted Marcus Andrede of Roland, creator of AML Bitcoin. Telecommunications fraud and money laundering fees. The verdict came after a five-week trial in cases that exposed false claims about cryptocurrency and its supposed technical capabilities. Andredo, 47, is currently facing up to 30 years in prison.
AML Bitcoin: False claims and misleading investors
The prosecutor revealed this Roland Marcus Andrade We have issued a false statement regarding the development, business partnerships and its future use of AML Bitcoin. He claimed that the Panama Canal Bureau is adopting AML Bitcoin for its trading. No such transactions existed.
Investors were led to believe they support innovative cryptocurrencies with anti-money laundering capabilities, but Andredo never made it as promised.
Creator of AML Bitcoin Convicted of fraud and money laundering
Rowland Marcus Andrade, creator of AML Bitcoin, was convicted of wire fraud and money laundering in a pump and dump scheme related to the 2017-2018 Early Coin Offering (ICO). The US prosecutors say Andrade…
– CoinnessGlobal (@coinnessgl) March 13, 2025
Millions detoured for personal gain
Ju-dean discovered Andrade misused more than $2 million AML Bitcoin sale. Instead of funding the project, he spent money on personal expenses, including purchasing two luxury cars and two properties in Texas. The evidence presented at the trial showed that he concentrated investor funds through multiple bank accounts before using them for his own interests.
BTCUSD trading at $82,379 on the daily chart: TradingView.com
Law enforcement calls for fraudulent tactics
Officials involved in the incident did not suppress the statement. US lawyer Patrick D. Robbins said Andrede Investors who liedjust to enrich yourself.
The FBI special agent responsible for Sanjay Virmani emphasized that the agency is committed to protecting investors from financial fraud. Linda Nuguen, a special agent in criminal investigations for the IRS, also showed weight, saying that attempts to wash Andredo's money are not new and that IRS experts are specialized in tracking funds in such cases.
Judgment scheduled for July 2025
Andrade will be declared on July 22, 2025. He has faced up to 20 years with wire fraud and 10 years with money laundering. The court can also order assets related to the crime, including property he purchased in Texas, to be confiscated.
The case was investigated by the FBI and the IRS Criminal Investigation Unit. American lawyers Christian Highsmith, David Ward and Matthew Chow led the prosecutors with support from Tina Rosenbaum.
Dall-E special images, TradingView chart
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