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AML Bitcoin creator convicted of wire fraud, money laundering

Coin Telegraph LogoCoin Telegraph1d ago

AML Bitcoin creator convicted of wire fraud, money laundering - Coin Telegraph

Quick Summary:

In a March 12 trial in the US District Court for the Northern District of California, a jury found AML Bitcoin creator Rowland Marcus Andrade guilty of two felony counts as part of a scheme to defraud investors.

Authorities initially filed criminal charges against Andrade in June 2020 in parallel to a civil case filed by the US Securities and Exchange Commission (SEC) against the AML Bitcoin creator and the NAC Foundation, for which he was the founder and CEO.“Mr.

Related: IRS wants court to toss crypto exec’s appeal over bank record summons“Andrade falsely claimed, among other misrepresentations, that the Panama Canal Authority was close to permitting AML Bitcoin to be used for ships passing through the Panama Canal when no such agreement existed,” said the Justice Department.

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Article Details

Author / Journalist: Cointelegraph by Turner Wright

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 20:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26984745

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 1001 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "AML Bitcoin creator convicted of wire fraud, money laundering" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.

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  • URL: https://beamstart.com/news/aml-bitcoin-creator-convicted-of-17419425387333

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